Consolidated Portfolio Review Corp Has $2.35 Million Stock Position in International Business Machines Corporation (NYSE:IBM)

by · The Cerbat Gem

Consolidated Portfolio Review Corp lifted its holdings in shares of International Business Machines Corporation (NYSE:IBM – Free Report) by 8.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,458 shares of the technology company’s stock after buying an additional 762 shares during the quarter. Consolidated Portfolio Review Corp’s holdings in International Business Machines were worth $2,352,000 at the end of the most recent quarter.

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

International Business Machines Price Performance

Shares of IBM opened at $289.25 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 2.09. International Business Machines Corporation has a twelve month low of $170.41 and a twelve month high of $292.95. The stock has a market capitalization of $268.83 billion, a P/E ratio of 49.78, a P/E/G ratio of 5.90 and a beta of 0.66. The company has a 50 day moving average of $258.71 and a 200-day moving average of $246.07.

International Business Machines (NYSE:IBM – Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.18. The company had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. International Business Machines had a net margin of 8.71% and a return on equity of 37.43%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the business posted $1.68 EPS. As a group, equities research analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were paid a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.32%. This is a boost from International Business Machines’s previous quarterly dividend of $1.67. International Business Machines’s dividend payout ratio is currently 115.66%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Citigroup restated an “outperform” rating on shares of International Business Machines in a report on Saturday, May 10th. Jefferies Financial Group reissued a “hold” rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Wedbush upped their price objective on shares of International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday. BMO Capital Markets reaffirmed a “market perform” rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Finally, Morgan Stanley reduced their target price on International Business Machines from $237.00 to $233.00 and set an “equal weight” rating on the stock in a report on Thursday, April 24th. One equities 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $253.75.

Check Out Our Latest Stock Analysis on IBM

About International Business Machines

(Free Report)

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.

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