MassMutual Private Wealth & Trust FSB Boosts Position in International Business Machines Co. (NYSE:IBM)

MassMutual Private Wealth & Trust FSB grew its holdings in shares of International Business Machines Co. (NYSE:IBM) by 0.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,795 shares of the technology company’s stock after buying an additional 70 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in International Business Machines were worth $2,187,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in IBM. Compass Financial Services Inc purchased a new stake in International Business Machines during the 4th quarter worth $26,000. Vision Financial Markets LLC acquired a new position in shares of International Business Machines during the fourth quarter worth about $31,000. Rialto Wealth Management LLC purchased a new stake in shares of International Business Machines in the fourth quarter worth about $35,000. Tacita Capital Inc grew its stake in shares of International Business Machines by 174.3% in the fourth quarter. Tacita Capital Inc now owns 192 shares of the technology company’s stock valued at $42,000 after buying an additional 122 shares in the last quarter. Finally, Measured Risk Portfolios Inc. purchased a new stake in shares of International Business Machines during the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Trading Down 0.6%

Shares of NYSE IBM opened at $258.80 on Friday. The stock has a market capitalization of $240.53 billion, a P/E ratio of 40.37, a PEG ratio of 5.81 and a beta of 0.64. The stock’s 50 day moving average price is $246.19 and its two-hundred day moving average price is $239.48. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. International Business Machines Co. has a 52-week low of $163.53 and a 52-week high of $269.28.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.18. The business had revenue of $14.54 billion for the quarter, compared to analyst estimates of $14.41 billion. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The business’s revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.68 EPS. On average, analysts anticipate that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be given a $1.68 dividend. This is an increase from International Business Machines’s previous quarterly dividend of $1.67. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.60%. International Business Machines’s dividend payout ratio (DPR) is presently 115.66%.

Analyst Ratings Changes

Several equities analysts recently commented on IBM shares. The Goldman Sachs Group reissued a “buy” rating on shares of International Business Machines in a research report on Wednesday, February 5th. Royal Bank of Canada upped their target price on shares of International Business Machines from $276.00 to $285.00 and gave the company an “outperform” rating in a research note on Thursday, May 15th. BMO Capital Markets reaffirmed a “market perform” rating on shares of International Business Machines in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. boosted their price objective on shares of International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Finally, Wedbush restated an “outperform” rating and set a $300.00 target price on shares of International Business Machines in a research note on Wednesday, May 7th. One analyst has rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $249.06.

Insider Activity

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total value of $6,715,644.43. Following the sale, the senior vice president now directly owns 45,007 shares of the company’s stock, valued at $11,387,221.07. This trade represents a 37.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.18% of the company’s stock.

About International Business Machines

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.