Hoxton Planning & Management LLC Buys 75 Shares of International Business Machines Co. (NYSE:IBM)

Hoxton Planning & Management LLC boosted its holdings in International Business Machines Co. (NYSE:IBM) by 1.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,804 shares of the technology company’s stock after acquiring an additional 75 shares during the quarter. Hoxton Planning & Management LLC’s holdings in International Business Machines were worth $917,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Naples Money Management LLC purchased a new stake in shares of International Business Machines during the 4th quarter worth approximately $28,000. Creekmur Asset Management LLC purchased a new stake in shares of International Business Machines during the 4th quarter worth approximately $29,000. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of International Business Machines during the 4th quarter worth approximately $31,000. Financial Synergies Wealth Advisors Inc. grew its stake in International Business Machines by 164.0% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock valued at $38,000 after buying an additional 123 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake in International Business Machines by 54.6% in the 1st quarter. Versant Capital Management Inc now owns 218 shares of the technology company’s stock valued at $42,000 after buying an additional 77 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Wedbush lifted their price objective on shares of International Business Machines from $140.00 to $160.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. UBS Group boosted their price target on shares of International Business Machines from $125.00 to $130.00 and gave the company a “sell” rating in a research report on Monday, April 22nd. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price target on shares of International Business Machines in a research report on Wednesday, May 22nd. JPMorgan Chase & Co. reduced their price target on shares of International Business Machines from $190.00 to $185.00 and set a “neutral” rating for the company in a research report on Thursday, April 25th. Finally, Stifel Nicolaus restated a “buy” rating and set a $190.00 price target on shares of International Business Machines in a research report on Thursday, May 16th. 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 stock. According to data from MarketBeat.com, International Business Machines has a consensus rating of “Hold” and a consensus target price of $182.53.

International Business Machines Price Performance

Shares of NYSE IBM traded down $0.80 during midday trading on Wednesday, reaching $171.80. The stock had a trading volume of 661,187 shares, compared to its average volume of 4,565,802. The stock has a 50-day moving average of $170.56 and a 200-day moving average of $176.40. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.09 and a current ratio of 1.13. The company has a market capitalization of $157.82 billion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 4.26 and a beta of 0.72. International Business Machines Co. has a 12-month low of $130.83 and a 12-month high of $199.18.

International Business Machines (NYSE:IBM) last posted its 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. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The company had revenue of $14.46 billion during the quarter, compared to analysts’ expectations of $14.53 billion. During the same period last year, the company posted $1.36 earnings per share. International Business Machines’s quarterly revenue was up 1.5% on a year-over-year basis. As a group, research analysts anticipate that International Business Machines Co. will post 9.9 EPS for the current fiscal year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 10th were issued a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 3.89%. The ex-dividend date was Thursday, May 9th. This is a positive change from International Business Machines’s previous quarterly dividend of $1.66. International Business Machines’s dividend payout ratio (DPR) 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.