Etesian Wealth Advisors Inc. Has $1.25 Million Position in International Business Machines Co. (NYSE:IBM)

Etesian Wealth Advisors Inc. lessened its holdings in International Business Machines Co. (NYSE:IBM) by 0.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,564 shares of the technology company’s stock after selling 62 shares during the period. Etesian Wealth Advisors Inc.’s holdings in International Business Machines were worth $1,253,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in International Business Machines by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 82,076,195 shares of the technology company’s stock worth $11,515,290,000 after buying an additional 365,388 shares in the last quarter. Morgan Stanley grew its holdings in shares of International Business Machines by 13.4% during the third quarter. Morgan Stanley now owns 16,257,789 shares of the technology company’s stock worth $2,280,968,000 after buying an additional 1,919,490 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of International Business Machines by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,465,214 shares of the technology company’s stock worth $1,048,631,000 after buying an additional 61,028 shares during the last quarter. Norges Bank bought a new position in shares of International Business Machines in the fourth quarter valued at $1,019,009,000. Finally, Dimensional Fund Advisors LP increased its position in International Business Machines by 2.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,500,184 shares of the technology company’s stock worth $736,015,000 after buying an additional 97,482 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Down 0.2 %

Shares of IBM stock traded down $0.26 during trading hours on Wednesday, hitting $172.34. 1,043,991 shares of the company were exchanged, compared to its average volume of 4,568,902. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.09 and a current ratio of 1.13. International Business Machines Co. has a fifty-two week low of $130.83 and a fifty-two week high of $199.18. The company has a 50 day simple moving average of $170.56 and a two-hundred day simple moving average of $176.40. The firm has a market cap of $158.31 billion, a P/E ratio of 19.39, a P/E/G ratio of 4.26 and a beta of 0.72.

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

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 10th were issued a dividend of $1.67 per share. This is an increase from International Business Machines’s previous quarterly dividend of $1.66. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $6.68 annualized dividend and a dividend yield of 3.88%. International Business Machines’s payout ratio is currently 75.65%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on IBM. JPMorgan Chase & Co. reduced their price objective on International Business Machines from $190.00 to $185.00 and set a “neutral” rating for the company in a report on Thursday, April 25th. Wedbush boosted their target price on shares of International Business Machines from $140.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Sanford C. Bernstein lifted their target price on International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a research report on Thursday, March 7th. BNP Paribas initiated coverage on shares of International Business Machines in a research note on Thursday, May 2nd. They set an “underperform” rating and a $145.00 target price on the stock. Finally, UBS Group upped their target price on International Business Machines from $125.00 to $130.00 and gave the stock a “sell” rating in a report on Monday, April 22nd. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $182.53.

International Business Machines Company 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.