Transcend Wealth Collective LLC Acquires 1,110 Shares of International Business Machines Co. (NYSE:IBM)

Transcend Wealth Collective LLC boosted its holdings in shares of International Business Machines Co. (NYSE:IBM) by 19.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,853 shares of the technology company’s stock after purchasing an additional 1,110 shares during the period. Transcend Wealth Collective LLC’s holdings in International Business Machines were worth $912,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Financial Enhancement Group LLC increased its holdings in shares of International Business Machines by 852.4% in the fourth quarter. Financial Enhancement Group LLC now owns 200 shares of the technology company’s stock valued at $25,000 after purchasing an additional 179 shares in the last quarter. Oxler Private Wealth LLC acquired a new position in shares of International Business Machines in the 4th quarter valued at $25,000. Better Money Decisions LLC acquired a new position in shares of International Business Machines in the 1st quarter valued at $27,000. DB Wealth Management Group LLC bought a new stake in International Business Machines in the 4th quarter valued at $29,000. Finally, Sage Private Wealth Group LLC bought a new stake in International Business Machines in the 4th quarter valued at $31,000. Institutional investors own 54.96% of the company’s stock.

Shares of IBM opened at $150.54 on Friday. The business has a 50 day simple moving average of $142.01. International Business Machines Co. has a fifty-two week low of $105.92 and a fifty-two week high of $152.84. The company has a current ratio of 0.93, a quick ratio of 0.88 and a debt-to-equity ratio of 2.38. The company has a market cap of $134.51 billion, a price-to-earnings ratio of 25.17, a price-to-earnings-growth ratio of 1.69 and a beta of 1.23.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Sunday, April 18th. The technology company reported $1.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.63 by $0.14. The business had revenue of $17.73 billion for the quarter, compared to the consensus estimate of $17.35 billion. International Business Machines had a net margin of 7.28% and a return on equity of 36.67%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.84 EPS. Equities research analysts forecast that International Business Machines Co. will post 10.86 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 10th. Investors of record on Monday, May 10th were given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 4.36%. This is an increase from International Business Machines’s previous quarterly dividend of $1.63. The ex-dividend date was Friday, May 7th. International Business Machines’s dividend payout ratio is 75.66%.

A number of research analysts recently commented on IBM shares. Morgan Stanley upped their price target on shares of International Business Machines from $150.00 to $152.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 20th. BMO Capital Markets increased their price objective on shares of International Business Machines from $138.00 to $150.00 and gave the company a “market perform” rating in a research note on Tuesday, April 20th. Stifel Nicolaus raised their price target on shares of International Business Machines from $147.00 to $151.00 and gave the company a “buy” rating in a research note on Tuesday, April 20th. Finally, Credit Suisse Group increased their price objective on shares of International Business Machines from $160.00 to $165.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $146.00.

International Business Machines Profile

International Business Machines Corporation provides integrated solutions and services worldwide. Its Cloud & Cognitive Software segment offers software for vertical and domain-specific solutions in health, financial services, supply chain, and asset management, weather, and security software and services application areas; and customer information control system and storage, and analytics and integration software solutions to support client mission critical on-premise workloads in banking, airline, and retail industries.

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

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