Claro Advisors LLC Has $964,000 Position in International Business Machines Co. (NYSE:IBM)

Claro Advisors LLC increased its position in shares of International Business Machines Co. (NYSE:IBM) by 6.5% during the 1st quarter, HoldingsChannel.com reports. The fund owned 5,049 shares of the technology company’s stock after purchasing an additional 307 shares during the period. Claro Advisors LLC’s holdings in International Business Machines were worth $964,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in IBM. Desjardins Global Asset Management Inc. raised its stake in International Business Machines by 1.4% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 3,940 shares of the technology company’s stock worth $644,000 after buying an additional 54 shares in the last quarter. Arden Trust Co raised its position in shares of International Business Machines by 2.8% in the 1st quarter. Arden Trust Co now owns 1,973 shares of the technology company’s stock worth $377,000 after acquiring an additional 54 shares in the last quarter. Calamos Wealth Management LLC lifted its stake in shares of International Business Machines by 2.8% in the 4th quarter. Calamos Wealth Management LLC now owns 2,007 shares of the technology company’s stock valued at $328,000 after purchasing an additional 55 shares during the period. Avion Wealth boosted its position in shares of International Business Machines by 6.2% during the fourth quarter. Avion Wealth now owns 964 shares of the technology company’s stock valued at $158,000 after purchasing an additional 56 shares in the last quarter. Finally, Chicago Partners Investment Group LLC grew its stake in International Business Machines by 0.8% in the fourth quarter. Chicago Partners Investment Group LLC now owns 7,528 shares of the technology company’s stock worth $1,309,000 after purchasing an additional 58 shares during the period. 58.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on IBM. Morgan Stanley lowered their price objective on International Business Machines from $186.00 to $179.00 and set an “equal weight” rating for the company in a research report on Friday, April 26th. UBS Group lifted their target price on shares of International Business Machines from $125.00 to $130.00 and gave the company a “sell” rating in a report on Monday, April 22nd. BNP Paribas started coverage on International Business Machines in a research note on Thursday, May 2nd. They issued an “underperform” rating and a $145.00 price target on the stock. The Goldman Sachs Group began coverage on International Business Machines in a research note on Monday, June 24th. They set a “buy” rating and a $200.00 price objective for the company. Finally, Sanford C. Bernstein upped their price target on shares of International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a research note on Thursday, March 7th. Three analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $182.53.

International Business Machines Stock Performance

IBM opened at $175.10 on Tuesday. The company’s 50 day moving average is $169.95 and its 200 day moving average is $176.57. The company has a market cap of $160.85 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 4.27 and a beta of 0.71. International Business Machines Co. has a 12-month low of $131.55 and a 12-month high of $199.18. The company has a current ratio of 1.13, a quick ratio of 1.09 and a debt-to-equity ratio of 2.32.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.59 by $0.09. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The business had revenue of $14.46 billion during the quarter, compared to analyst estimates of $14.53 billion. During the same quarter last year, the business earned $1.36 earnings per share. International Business Machines’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, equities research analysts predict that International Business Machines Co. will post 9.9 EPS for the current year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 10th were given a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 3.81%. This is a boost from International Business Machines’s previous quarterly dividend of $1.66. The ex-dividend date was Thursday, May 9th. International Business Machines’s payout ratio is 75.65%.

International Business Machines Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.