CWC Advisors LLC. Takes $363,000 Position in International Business Machines Corporation (NYSE:IBM)

CWC Advisors LLC. acquired a new position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,459 shares of the technology company's stock, valued at approximately $363,000.

Other institutional investors also recently bought and sold shares of the company. Vision Financial Markets LLC purchased a new stake in shares of International Business Machines during the 4th quarter valued at approximately $31,000. Rialto Wealth Management LLC purchased a new stake in shares of International Business Machines during the 4th quarter valued at approximately $35,000. Tacita Capital Inc raised its position in shares of International Business Machines by 174.3% during 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 period. Measured Risk Portfolios Inc. purchased a new stake in shares of International Business Machines during the 4th quarter valued at approximately $43,000. Finally, Park Square Financial Group LLC purchased a new stake in shares of International Business Machines during the 4th quarter valued at approximately $43,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on IBM shares. BMO Capital Markets reiterated a "market perform" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Royal Bank Of Canada lifted their price objective on International Business Machines from $276.00 to $285.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. Jefferies Financial Group reiterated a "hold" rating on shares of International Business Machines in a report on Wednesday, April 23rd. Citigroup restated an "outperform" rating on shares of International Business Machines in a report on Saturday, May 10th. Finally, 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 research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $253.75.

International Business Machines Stock Down 0.8%

International Business Machines stock traded down $2.24 during trading on Friday, reaching $289.69. The stock had a trading volume of 3,560,346 shares, compared to its average volume of 4,223,880. International Business Machines Corporation has a 52-week low of $173.38 and a 52-week high of $296.16. The business has a 50 day moving average price of $262.93 and a 200 day moving average price of $247.66. 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 $269.24 billion, a PE ratio of 28.26, a P/E/G ratio of 6.08 and a beta of 0.66.

International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.18. The firm had revenue of $14.54 billion during the quarter, compared to analysts' expectations of $14.41 billion. International Business Machines had a return on equity of 37.43% and a net margin of 8.71%. The firm's revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.68 earnings per share. On average, analysts predict that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were paid a dividend of $1.68 per share. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a yield of 2.32%. International Business Machines's dividend payout ratio (DPR) is currently 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.