FWG Holdings LLC Purchases 1,643 Shares of International Business Machines Corporation (NYSE:IBM)

FWG Holdings LLC boosted its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 96.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,350 shares of the technology company's stock after purchasing an additional 1,643 shares during the period. FWG Holdings LLC's holdings in International Business Machines were worth $802,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wealth Dimensions Group Ltd. increased its holdings in shares of International Business Machines by 1.0% during the fourth quarter. Wealth Dimensions Group Ltd. now owns 3,972 shares of the technology company's stock worth $873,000 after buying an additional 40 shares in the last quarter. Pallas Capital Advisors LLC lifted its holdings in International Business Machines by 0.9% during the 1st quarter. Pallas Capital Advisors LLC now owns 4,805 shares of the technology company's stock worth $1,195,000 after buying an additional 42 shares in the last quarter. DMC Group LLC boosted its position in International Business Machines by 1.2% in the 1st quarter. DMC Group LLC now owns 3,517 shares of the technology company's stock valued at $875,000 after buying an additional 42 shares during the last quarter. Titleist Asset Management LLC increased its stake in shares of International Business Machines by 3.1% in the 4th quarter. Titleist Asset Management LLC now owns 1,431 shares of the technology company's stock valued at $315,000 after buying an additional 43 shares during the period. Finally, Range Financial Group LLC raised its position in shares of International Business Machines by 0.6% during the first quarter. Range Financial Group LLC now owns 7,350 shares of the technology company's stock worth $1,828,000 after acquiring an additional 43 shares during the last quarter. Institutional investors own 58.96% of the company's stock.

International Business Machines Stock Up 1.2%

Shares of IBM traded up $3.28 during midday trading on Friday, hitting $285.28. The stock had a trading volume of 1,554,541 shares, compared to its average volume of 4,216,332. The company has a 50 day simple moving average of $275.65 and a two-hundred day simple moving average of $253.56. International Business Machines Corporation has a twelve month low of $181.81 and a twelve month high of $296.16. The firm has a market cap of $265.14 billion, a price-to-earnings ratio of 49.07, a price-to-earnings-growth ratio of 5.92 and a beta of 0.69. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.01 and a quick ratio of 0.97.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 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 firm had revenue of $14.54 billion for the quarter, compared to analysts' expectations of $14.41 billion. During the same period in the previous year, the firm posted $1.68 EPS. The company's revenue for the quarter was up .5% on a year-over-year basis. On average, analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were issued a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.36%. This is a boost from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio is presently 115.66%.

Analysts Set New Price Targets

A number of brokerages recently commented on IBM. BMO Capital Markets lifted their price objective on International Business Machines from $260.00 to $300.00 and gave the stock a "market perform" rating in a research report on Friday. Citigroup reiterated an "outperform" rating on shares of International Business Machines in a research report on Saturday, May 10th. Wall Street Zen lowered International Business Machines from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. UBS Group reaffirmed a "sell" rating and set a $195.00 target price (up previously from $170.00) on shares of International Business Machines in a report on Wednesday, July 9th. Finally, Morgan Stanley lowered their target price on shares of 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. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $266.19.

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.