Dominguez Wealth Management Solutions Inc. Buys Shares of 1,148 International Business Machines Co. (NYSE:IBM)

Dominguez Wealth Management Solutions Inc. purchased a new position in shares of International Business Machines Co. (NYSE:IBM) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,148 shares of the technology company’s stock, valued at approximately $219,000.

Several other large investors also recently made changes to their positions in IBM. Norges Bank bought a new stake in shares of International Business Machines during the 4th quarter worth about $1,019,009,000. International Assets Investment Management LLC boosted its stake in International Business Machines by 15,439.1% during the 4th quarter. International Assets Investment Management LLC now owns 2,653,462 shares of the technology company’s stock valued at $433,974,000 after purchasing an additional 2,636,386 shares during the period. Morgan Stanley boosted its stake in International Business Machines by 13.4% during the 3rd quarter. Morgan Stanley now owns 16,257,789 shares of the technology company’s stock valued at $2,280,968,000 after purchasing an additional 1,919,490 shares during the period. Capital Wealth Planning LLC bought a new stake in International Business Machines during the 4th quarter valued at approximately $172,887,000. Finally, Junto Capital Management LP bought a new stake in International Business Machines during the 4th quarter valued at approximately $62,020,000. Institutional investors own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Stifel Nicolaus restated a “buy” rating and set a $190.00 target price on shares of International Business Machines in a research note on Thursday, May 16th. Bank of America increased their target price on International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Wedbush increased their target price on International Business Machines from $140.00 to $160.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 target price on shares of International Business Machines in a research note on Wednesday, May 22nd. Finally, UBS Group upped their price target on International Business Machines from $125.00 to $130.00 and gave the company a “sell” rating in a report on Monday, April 22nd. 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. According to data from MarketBeat.com, International Business Machines presently has a consensus rating of “Hold” and an average price target of $182.53.

International Business Machines Price Performance

Shares of IBM traded up $2.15 during mid-day trading on Monday, reaching $175.10. The company had a trading volume of 3,306,813 shares, compared to its average volume of 4,556,641. International Business Machines Co. has a twelve month low of $131.55 and a twelve month high of $199.18. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.13 and a quick ratio of 1.09. The company’s 50-day moving average is $169.95 and its 200-day moving average is $176.57. The company has a market capitalization of $160.85 billion, a P/E ratio of 19.83, a P/E/G ratio of 4.27 and a beta of 0.71.

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

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 10th were issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis 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 dividend payout ratio (DPR) is currently 75.65%.

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.