International Business Machines Co. (NYSE:IBM) Shares Bought by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC lifted its stake in shares of International Business Machines Co. (NYSE:IBM) by 87.4% in the fourth quarter, Holdings Channel reports. The firm owned 13,219 shares of the technology company’s stock after buying an additional 6,166 shares during the period. Kingswood Wealth Advisors LLC’s holdings in International Business Machines were worth $2,162,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of IBM. Vanguard Group Inc. increased its position in shares of International Business Machines by 0.4% during the third quarter. Vanguard Group Inc. now owns 82,076,195 shares of the technology company’s stock worth $11,515,290,000 after purchasing an additional 365,388 shares in the last quarter. BlackRock Inc. grew its stake in International Business Machines by 3.5% during the 2nd quarter. BlackRock Inc. now owns 74,044,855 shares of the technology company’s stock valued at $9,907,942,000 after acquiring an additional 2,483,682 shares in the last quarter. State Street Corp lifted its stake in International Business Machines by 1.7% in the 2nd quarter. State Street Corp now owns 54,441,615 shares of the technology company’s stock worth $7,284,833,000 after purchasing an additional 903,042 shares in the last quarter. Morgan Stanley boosted its holdings in shares of International Business Machines by 22.8% during the 4th quarter. Morgan Stanley now owns 16,592,094 shares of the technology company’s stock worth $2,337,660,000 after purchasing an additional 3,084,458 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of International Business Machines by 7.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 16,297,545 shares of the technology company’s stock valued at $2,119,007,000 after purchasing an additional 1,105,170 shares in the last quarter. Institutional investors and hedge funds own 56.16% of the company’s stock.

International Business Machines Trading Down 1.1 %

Shares of IBM stock opened at $188.80 on Tuesday. The stock has a market cap of $173.08 billion, a P/E ratio of 23.22, a P/E/G ratio of 3.74 and a beta of 0.70. International Business Machines Co. has a fifty-two week low of $120.55 and a fifty-two week high of $199.18. The business has a fifty day simple moving average of $185.41 and a 200-day simple moving average of $163.41. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, January 24th. The technology company reported $3.87 EPS for the quarter, beating the consensus estimate of $3.78 by $0.09. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The business had revenue of $17.38 billion for the quarter, compared to analyst estimates of $17.29 billion. During the same period in the prior year, the business earned $3.60 earnings per share. The company’s quarterly revenue was up 4.1% on a year-over-year basis. On average, analysts forecast that International Business Machines Co. will post 10.07 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were given a dividend of $1.66 per share. This represents a $6.64 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s dividend payout ratio is presently 81.67%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on IBM. Societe Generale reaffirmed a “sell” rating and issued a $143.00 target price on shares of International Business Machines in a research note on Friday, January 5th. Evercore ISI raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and increased their price target for the company from $165.00 to $200.00 in a research note on Friday, January 19th. BMO Capital Markets upped their price target on International Business Machines from $155.00 to $210.00 and gave the company a “market perform” rating in a research note on Thursday, January 25th. Bank of America lifted their price objective on International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Finally, Sanford C. Bernstein increased their price objective on International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a research note on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $176.85.

International Business Machines Profile

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.