CWA Asset Management Group LLC Has $4.08 Million Stock Position in International Business Machines Corporation (NYSE:IBM)

CWA Asset Management Group LLC raised its position in shares of International Business Machines Corporation (NYSE:IBM) by 5.2% during the first quarter, HoldingsChannel.com reports. The fund owned 16,414 shares of the technology company’s stock after buying an additional 810 shares during the quarter. CWA Asset Management Group LLC’s holdings in International Business Machines were worth $4,081,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Tallon Kerry Patrick bought a new stake in International Business Machines in the fourth quarter valued at $902,000. Brighton Jones LLC raised its holdings in International Business Machines by 12.4% during the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock worth $4,619,000 after buying an additional 2,323 shares during the last quarter. Strategic Financial Concepts LLC increased its position in shares of International Business Machines by 25.7% during the fourth quarter. Strategic Financial Concepts LLC now owns 3,743 shares of the technology company’s stock worth $823,000 after acquiring an additional 765 shares in the last quarter. Valmark Advisers Inc. boosted its stake in International Business Machines by 7.8% during the 4th quarter. Valmark Advisers Inc. now owns 5,013 shares of the technology company’s stock valued at $1,102,000 after purchasing an additional 362 shares during the last quarter. Finally, Empower Advisory Group LLC boosted its position in shares of International Business Machines by 13.2% during the fourth quarter. Empower Advisory Group LLC now owns 8,560 shares of the technology company’s stock valued at $1,882,000 after buying an additional 999 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on IBM shares. Morgan Stanley cut their price target on shares of International Business Machines from $237.00 to $233.00 and set an “equal weight” rating on the stock in a report on Thursday, April 24th. BMO Capital Markets restated a “market perform” rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Erste Group Bank upgraded shares of International Business Machines from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 17th. UBS Group reissued a “sell” rating and issued a $170.00 price objective (up previously from $160.00) on shares of International Business Machines in a report on Wednesday, April 23rd. Finally, Royal Bank Of Canada boosted their price target on shares of International Business Machines from $276.00 to $285.00 and gave the company an “outperform” rating in a research report on Thursday, May 15th. One analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $250.31.

International Business Machines Stock Up 0.4%

IBM opened at $282.96 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 2.09. The stock has a market cap of $262.98 billion, a PE ratio of 48.70, a P/E/G ratio of 5.92 and a beta of 0.66. The business’s fifty day simple moving average is $254.78 and its 200 day simple moving average is $244.55. International Business Machines Corporation has a 52 week low of $168.38 and a 52 week high of $285.26.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $14.41 billion. During the same period last year, the business earned $1.68 earnings per share. The business’s quarterly revenue was up .5% on a year-over-year basis. As a group, research analysts expect that International Business Machines Corporation will post 10.78 earnings per share 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 given a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.37%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.67. International Business Machines’s dividend payout ratio is presently 115.66%.

About International Business Machines

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.