REDW Stanley Financial Advisors LLC continued to hold its stake in International Business Machines Corporation (NYSE:IBM) during the first quarter, Holdings Channel reports. The firm owned 2,713 shares of the technology company’s stock at the end of the first quarter. International Business Machines Corporation accounts for approximately 0.5% of REDW Stanley Financial Advisors LLC’s portfolio, making the stock its 27th largest position. REDW Stanley Financial Advisors LLC’s holdings in International Business Machines Corporation were worth $472,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Massey Quick & Co. LLC acquired a new stake in International Business Machines Corporation during the fourth quarter valued at about $108,000. Hemenway Trust Co LLC acquired a new stake in International Business Machines Corporation during the fourth quarter valued at about $110,000. Thomas J. Herzfeld Advisors Inc. acquired a new stake in International Business Machines Corporation during the fourth quarter valued at about $117,000. Capital Analysts LLC raised its stake in International Business Machines Corporation by 5.5% in the fourth quarter. Capital Analysts LLC now owns 726 shares of the technology company’s stock valued at $121,000 after buying an additional 38 shares in the last quarter. Finally, Jackson Grant Investment Advisers Inc. raised its stake in International Business Machines Corporation by 0.8% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 737 shares of the technology company’s stock valued at $122,000 after buying an additional 6 shares in the last quarter. Institutional investors and hedge funds own 58.29% of the company’s stock.

Institutional Ownership by Quarter for International Business Machines Corporation (NYSE:IBM)

Shares of International Business Machines Corporation (IBM) opened at 155.38 on Friday. The firm has a market cap of $145.98 billion, a P/E ratio of 12.78 and a beta of 0.97. International Business Machines Corporation has a one year low of $142.50 and a one year high of $182.79. The firm has a 50 day moving average price of $153.54 and a 200-day moving average price of $167.13.

International Business Machines Corporation (NYSE:IBM) last posted its quarterly earnings results on Tuesday, April 18th. The technology company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $0.03. International Business Machines Corporation had a net margin of 14.62% and a return on equity of 74.46%. The business had revenue of $18.16 billion during the quarter, compared to analyst estimates of $18.37 billion. During the same period in the prior year, the business posted $2.35 earnings per share. The company’s revenue was down 2.8% on a year-over-year basis. Analysts forecast that International Business Machines Corporation will post $13.70 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Saturday, June 10th. Shareholders of record on Wednesday, May 10th were given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 3.86%. This is a positive change from International Business Machines Corporation’s previous quarterly dividend of $1.40. The ex-dividend date was Monday, May 8th. International Business Machines Corporation’s dividend payout ratio is presently 49.34%.

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Several research firms have issued reports on IBM. BidaskClub upgraded International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Stifel Nicolaus restated a “buy” rating and issued a $182.00 price objective on shares of International Business Machines Corporation in a research note on Friday, June 9th. Vetr upgraded International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $147.02 price objective on the stock in a research note on Wednesday, June 7th. Royal Bank Of Canada restated a “hold” rating and issued a $180.00 price objective on shares of International Business Machines Corporation in a research note on Tuesday, May 23rd. Finally, Jefferies Group LLC set a $135.00 price objective on International Business Machines Corporation and gave the company a “sell” rating in a research note on Friday, May 19th. Eight analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $164.71.

In other International Business Machines Corporation news, Director James W. Owens purchased 1,718 shares of the business’s stock in a transaction on Tuesday, May 16th. The stock was acquired at an average cost of $153.19 per share, for a total transaction of $263,180.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.23% of the company’s stock.

About International Business Machines Corporation

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

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