Boothe Investment Group Boosts Stake in International Business Machines by 29.8%

Boothe Investment Group Inc. has increased its stake in International Business Machines Corporation (IBM) by 29.8% in the second quarter, according to a recent disclosure with the Securities & Exchange Commission. The fund purchased an additional 2,387 shares of IBM's stock during this period, bringing its total holdings to 10,393 shares.

The value of Boothe Investment Group Inc.'s holdings in International Business Machines was $2,923,000 as of its most recent filing with the Securities & Exchange Commission. This represents about 0.9% of the fund's portfolio, making IBM its 23rd biggest position.

IBM has a market cap of $223.01 billion and a PE ratio of 21.00. The company reported $2.93 earnings per share for the quarter, meeting analysts' consensus estimates. International Business Machines has a debt-to-equity ratio of 1.63 and a return on equity of 35.65%.

The firm's quarterly revenue was up 1.1% from the same period last year, and equities research analysts anticipate that IBM will post $12.33 EPS for the current year.