Westfuller Advisors LLC Buys 3,947 Shares of International Business Machines Corporation $IBM

Westfuller Advisors LLC boosted its position in shares of International Business Machines Corporation (NYSE:IBM) by 534.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,685 shares of the technology company’s stock after buying an additional 3,947 shares during the quarter. Westfuller Advisors LLC’s holdings in International Business Machines were worth $1,136,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of IBM. Family CFO Inc bought a new stake in shares of International Business Machines in the 4th quarter worth about $25,000. Basepoint Wealth LLC bought a new position in International Business Machines during the 4th quarter valued at about $25,000. Portus Wealth Advisors LLC purchased a new stake in International Business Machines in the 1st quarter worth about $26,000. Joseph Group Capital Management bought a new stake in International Business Machines in the fourth quarter worth about $28,000. Finally, Cornerstone Financial Management LLC purchased a new position in shares of International Business Machines during the fourth quarter valued at approximately $28,000. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

International Business Machines stock opened at $288.95 on Monday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.76 and a current ratio of 0.80. The company has a market capitalization of $271.58 billion, a PE ratio of 25.55, a P/E/G ratio of 3.00 and a beta of 0.68. The company has a 50 day moving average price of $256.99 and a 200-day moving average price of $266.06. International Business Machines Corporation has a fifty-two week low of $212.34 and a fifty-two week high of $332.46.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, April 22nd. The technology company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.10. The company had revenue of $15.92 billion for the quarter, compared to analysts’ expectations of $15.60 billion. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.International Business Machines’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.60 earnings per share. As a group, equities analysts forecast that International Business Machines Corporation will post 12.4 earnings per share for the current year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were issued a $1.69 dividend. The ex-dividend date was Friday, May 8th. This represents a $6.76 annualized dividend and a dividend yield of 2.3%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.68. International Business Machines’s dividend payout ratio (DPR) is currently 59.77%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on IBM shares. Stifel Nicolaus set a $290.00 target price on International Business Machines in a research note on Friday, May 22nd. Citigroup boosted their price objective on International Business Machines from $285.00 to $375.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. HSBC raised International Business Machines from a “reduce” rating to a “hold” rating and upped their price objective for the company from $218.00 to $231.00 in a research report on Tuesday, April 28th. Oppenheimer decreased their target price on International Business Machines from $380.00 to $320.00 and set an “outperform” rating for the company in a research report on Thursday, April 16th. Finally, Morgan Stanley raised shares of International Business Machines from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $306.76.

International Business Machines Company Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.