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

Kingswood Wealth Advisors LLC raised its stake in International Business Machines Co. (NYSE:IBM) by 9.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,947 shares of the technology company’s stock after buying an additional 955 shares during the period. Kingswood Wealth Advisors LLC’s holdings in International Business Machines were worth $1,893,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its stake in International Business Machines by 6.7% in the 1st quarter. Vanguard Group Inc. now owns 88,152,714 shares of the technology company’s stock worth $16,833,642,000 after purchasing an additional 5,546,855 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of International Business Machines by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,465,214 shares of the technology company’s stock valued at $1,048,631,000 after buying an additional 61,028 shares in the last quarter. Norges Bank acquired a new position in International Business Machines during the fourth quarter valued at $1,019,009,000. Dimensional Fund Advisors LP lifted its stake in International Business Machines by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,500,184 shares of the technology company’s stock worth $736,015,000 after acquiring an additional 97,482 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in International Business Machines by 151.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,515,666 shares of the technology company’s stock worth $671,352,000 after acquiring an additional 2,118,165 shares during the period. 58.96% of the stock is owned by institutional investors.

International Business Machines Price Performance

NYSE:IBM remained flat at $186.80 during midday trading on Wednesday. 3,798,137 shares of the company were exchanged, compared to its average volume of 4,427,435. The firm has a market capitalization of $172.07 billion, a PE ratio of 21.43, a P/E/G ratio of 4.24 and a beta of 0.71. International Business Machines Co. has a 1-year low of $135.87 and a 1-year high of $199.18. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 1.08. The business has a fifty day moving average price of $177.23 and a two-hundred day moving average price of $180.49.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.27. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The business had revenue of $15.77 billion for the quarter, compared to analyst estimates of $15.62 billion. During the same period in the previous year, the company posted $2.18 earnings per share. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, equities research analysts anticipate that International Business Machines Co. will post 10.06 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th will be paid a $1.67 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $6.68 annualized dividend and a dividend yield of 3.58%. International Business Machines’s payout ratio is 75.65%.

Analysts Set New Price Targets

IBM has been the subject of a number of research analyst reports. BMO Capital Markets increased their price target on shares of International Business Machines from $190.00 to $210.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. Jefferies Financial Group boosted their price target on shares of International Business Machines from $190.00 to $200.00 and gave the company a “hold” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. cut their price objective on International Business Machines from $190.00 to $185.00 and set a “neutral” rating for the company in a report on Thursday, April 25th. The Goldman Sachs Group initiated coverage on International Business Machines in a research note on Monday, June 24th. They issued a “buy” rating and a $200.00 target price on the stock. Finally, Hsbc Global Res raised International Business Machines to a “moderate sell” rating in a research note on Friday, July 26th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $184.93.

International Business Machines Company 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.