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Caliber Wealth Management LLC KS Purchases New Position in International Business Machines Corporation (NYSE:IBM)

International Business Machines logo with Computer and Technology background

Key Points

  • Caliber Wealth Management LLC KS has acquired a new stake in IBM, purchasing 2,280 shares valued at approximately $567,000 in the first quarter.
  • Analysts have issued mixed ratings for IBM, with the average price target at $268.75 and a consensus rating of "Moderate Buy."
  • IBM recently increased its quarterly dividend to $1.68 per share, reflecting an annualized dividend yield of 2.59%.
  • MarketBeat previews top five stocks to own in September.

Caliber Wealth Management LLC KS bought a new position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,280 shares of the technology company's stock, valued at approximately $567,000.

A number of other institutional investors have also recently bought and sold shares of the business. MinichMacGregor Wealth Management LLC acquired a new stake in shares of International Business Machines in the 1st quarter valued at about $396,000. Treasurer of the State of North Carolina increased its position in International Business Machines by 0.8% during the 4th quarter. Treasurer of the State of North Carolina now owns 495,574 shares of the technology company's stock valued at $108,942,000 after purchasing an additional 4,131 shares during the period. Left Brain Wealth Management LLC grew its position in shares of International Business Machines by 1,547.8% in the 1st quarter. Left Brain Wealth Management LLC now owns 17,664 shares of the technology company's stock worth $4,392,000 after buying an additional 16,592 shares during the period. Alpha Cubed Investments LLC lifted its stake in International Business Machines by 47.0% during the 1st quarter. Alpha Cubed Investments LLC now owns 7,507 shares of the technology company's stock valued at $1,867,000 after acquiring an additional 2,399 shares during the period. Finally, Wedbush Securities Inc. raised its stake in International Business Machines by 5.6% during the 1st quarter. Wedbush Securities Inc. now owns 62,067 shares of the technology company's stock worth $15,434,000 after acquiring an additional 3,276 shares during the period. Institutional investors own 58.96% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on IBM shares. The Goldman Sachs Group lifted their target price on International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Morgan Stanley cut their price target on International Business Machines from $237.00 to $233.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. UBS Group increased their price target on International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a research report on Thursday, July 24th. Jefferies Financial Group restated a "hold" rating on shares of International Business Machines in a report on Wednesday, April 23rd. Finally, Wedbush upped their price objective on shares of International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a research report on Friday, June 20th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $268.75.

Read Our Latest Report on International Business Machines

International Business Machines Stock Performance

IBM traded down $2.12 on Tuesday, reaching $261.10. 1,616,390 shares of the stock were exchanged, compared to its average volume of 4,620,284. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. International Business Machines Corporation has a fifty-two week low of $181.81 and a fifty-two week high of $296.16. The firm has a market capitalization of $242.66 billion, a PE ratio of 42.45, a PEG ratio of 4.01 and a beta of 0.69. The company's 50-day moving average price is $277.59 and its 200 day moving average price is $256.57.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.15. The firm had revenue of $16.98 billion for the quarter, compared to analysts' expectations of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%. International Business Machines's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.43 earnings per share. As a group, sell-side analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

About International Business Machines

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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