FSM Wealth Advisors LLC Has $757,000 Stock Holdings in International Business Machines Corporation (NYSE:IBM)

FSM Wealth Advisors LLC grew its position in shares of International Business Machines Corporation (NYSE:IBM) by 12.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,045 shares of the technology company’s stock after acquiring an additional 338 shares during the quarter. FSM Wealth Advisors LLC’s holdings in International Business Machines were worth $757,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Vision Financial Markets LLC bought a new position in shares of International Business Machines in the 4th quarter valued at about $31,000. Rialto Wealth Management LLC acquired a new stake in International Business Machines in the 4th quarter valued at $35,000. Tacita Capital Inc increased its stake in International Business Machines by 174.3% in the 4th quarter. Tacita Capital Inc now owns 192 shares of the technology company’s stock valued at $42,000 after buying an additional 122 shares during the last quarter. Park Square Financial Group LLC bought a new stake in shares of International Business Machines during the 4th quarter valued at $43,000. Finally, Park Place Capital Corp boosted its stake in shares of International Business Machines by 42.6% in the 1st quarter. Park Place Capital Corp now owns 194 shares of the technology company’s stock valued at $48,000 after purchasing an additional 58 shares in the last quarter. 58.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on IBM. Wall Street Zen lowered International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday, May 21st. Jefferies Financial Group reaffirmed a “hold” rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Erste Group Bank raised shares of International Business Machines from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Citigroup restated an “outperform” rating on shares of International Business Machines in a research report on Saturday, May 10th. Finally, Wedbush lifted their price target on shares of International Business Machines from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, June 20th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, International Business Machines presently has an average rating of “Hold” and a consensus target price of $253.75.

International Business Machines Stock Down 1.2%

Shares of NYSE IBM opened at $291.27 on Wednesday. International Business Machines Corporation has a 12-month low of $173.95 and a 12-month high of $296.16. The stock has a market capitalization of $270.71 billion, a PE ratio of 50.13, a price-to-earnings-growth ratio of 6.19 and a beta of 0.69. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 2.09. The stock’s fifty day simple moving average is $265.09 and its two-hundred day simple moving average is $248.52.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.18. International Business Machines had a net margin of 8.71% and a return on equity of 37.43%. The business had revenue of $14.54 billion for the quarter, compared to analyst estimates of $14.41 billion. During the same period in the previous year, the company earned $1.68 earnings per share. The business’s revenue for the quarter was up .5% on a year-over-year basis. As a group, analysts expect that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were paid a $1.68 dividend. This is a boost from International Business Machines’s previous quarterly dividend of $1.67. This represents a $6.72 dividend on an annualized basis and a yield of 2.31%. International Business Machines’s dividend payout ratio (DPR) is 115.66%.

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.