Crewe Advisors LLC Purchases 516 Shares of International Business Machines Corporation (NYSE:IBM)

Crewe Advisors LLC grew its stake in shares of International Business Machines Corporation (NYSE:IBM) by 11.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,104 shares of the technology company’s stock after acquiring an additional 516 shares during the period. Crewe Advisors LLC’s holdings in International Business Machines were worth $1,269,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Vision Financial Markets LLC bought a new position in International Business Machines in the 4th quarter valued at $31,000. Rialto Wealth Management LLC bought a new position in International Business Machines in the 4th quarter valued at $35,000. Tacita Capital Inc lifted its holdings in shares of International Business Machines by 174.3% during the 4th quarter. Tacita Capital Inc now owns 192 shares of the technology company’s stock worth $42,000 after acquiring an additional 122 shares during the last quarter. Park Square Financial Group LLC bought a new stake in shares of International Business Machines during the 4th quarter worth $43,000. Finally, Measured Risk Portfolios Inc. bought a new stake in shares of International Business Machines during the 4th quarter worth $43,000. 58.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

IBM has been the subject of several recent research reports. Wedbush boosted their price target on shares of International Business Machines from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday. Jefferies Financial Group restated a “hold” rating on shares of International Business Machines in a research report on Wednesday, April 23rd. KGI Securities set a $242.00 price objective on shares of International Business Machines and gave the company a “hold” rating in a research report on Thursday, April 24th. Morgan Stanley decreased their price objective on shares of International Business Machines from $237.00 to $233.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 24th. Finally, Royal Bank Of Canada boosted their price target on shares of International Business Machines from $276.00 to $285.00 and gave the company an “outperform” rating in a research report on Thursday, May 15th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $253.75.

International Business Machines Price Performance

Shares of IBM opened at $280.67 on Monday. The stock has a market cap of $260.85 billion, a PE ratio of 48.31, a price-to-earnings-growth ratio of 5.90 and a beta of 0.66. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.97 and a current ratio of 1.01. International Business Machines Corporation has a fifty-two week low of $170.41 and a fifty-two week high of $286.91. The firm’s 50-day simple moving average is $257.71 and its two-hundred day simple moving average is $245.71.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.18. The business had revenue of $14.54 billion for the quarter, compared to analysts’ expectations of $14.41 billion. International Business Machines had a net margin of 8.71% and a return on equity of 37.43%. The business’s revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.68 earnings per share. Analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were paid a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.39%. This is an increase from International Business Machines’s previous quarterly dividend of $1.67. International Business Machines’s dividend payout ratio is currently 115.66%.

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.