International Business Machines Co. (NYSE:IBM) Shares Acquired by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC increased its holdings in shares of International Business Machines Co. (NYSE:IBM) by 23.4% during the fourth quarter, HoldingsChannel reports. The fund owned 68,367 shares of the technology company’s stock after buying an additional 12,951 shares during the period. Kestra Private Wealth Services LLC’s holdings in International Business Machines were worth $11,181,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Avestar Capital LLC increased its stake in International Business Machines by 28.5% in the 3rd quarter. Avestar Capital LLC now owns 2,606 shares of the technology company’s stock valued at $366,000 after purchasing an additional 578 shares in the last quarter. Ascent Wealth Partners LLC acquired a new position in shares of International Business Machines during the 3rd quarter worth $230,000. Commonwealth Equity Services LLC boosted its position in shares of International Business Machines by 2.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 728,412 shares of the technology company’s stock worth $102,196,000 after buying an additional 17,516 shares in the last quarter. TFC Financial Management Inc. grew its stake in International Business Machines by 19.4% in the 3rd quarter. TFC Financial Management Inc. now owns 12,664 shares of the technology company’s stock valued at $1,777,000 after acquiring an additional 2,062 shares during the last quarter. Finally, RMR Wealth Builders increased its holdings in International Business Machines by 2.7% during the 3rd quarter. RMR Wealth Builders now owns 3,375 shares of the technology company’s stock valued at $474,000 after acquiring an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Up 0.2 %

IBM traded up $0.38 on Monday, reaching $167.51. 5,260,090 shares of the company’s stock were exchanged, compared to its average volume of 5,011,214. The company has a market cap of $153.56 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 4.08 and a beta of 0.70. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.09 and a current ratio of 1.13. International Business Machines Co. has a twelve month low of $120.55 and a twelve month high of $199.18. The company’s 50 day moving average is $187.19 and its 200-day moving average is $170.72.

International Business Machines (NYSE:IBM) last issued its earnings results on Tuesday, April 30th. The technology company reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.09. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The business had revenue of $14.46 billion for the quarter, compared to the consensus estimate of $14.53 billion. During the same quarter last year, the firm posted $1.36 EPS. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. Equities analysts predict that International Business Machines Co. will post 9.99 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were paid a $1.66 dividend. The ex-dividend date was Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.96%. International Business Machines’s dividend payout ratio (DPR) is currently 75.20%.

Analyst Ratings Changes

Several research firms have recently commented on IBM. Sanford C. Bernstein increased their price target on shares of International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a research report on Thursday, March 7th. UBS Group boosted their target price on shares of International Business Machines from $125.00 to $130.00 and gave the company a “sell” rating in a research note on Monday, April 22nd. Societe Generale reissued a “sell” rating and issued a $143.00 price objective on shares of International Business Machines in a research report on Friday, January 5th. Royal Bank of Canada raised their target price on shares of International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Finally, Evercore ISI raised International Business Machines from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $165.00 to $200.00 in a research note on Friday, January 19th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $184.08.

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.