Redhawk Wealth Advisors Inc. Has $1.25 Million Stake in International Business Machines Co. (NYSE:IBM)

Redhawk Wealth Advisors Inc. lifted its position in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 398.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,009 shares of the technology company's stock after purchasing an additional 4,005 shares during the period. Redhawk Wealth Advisors Inc.'s holdings in International Business Machines were worth $1,246,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Treasurer of the State of North Carolina lifted its position in shares of 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 acquiring an additional 4,131 shares during the period. Blue Zone Wealth Advisors LLC bought a new position in International Business Machines in the 4th quarter valued at about $242,000. Truist Financial Corp lifted its holdings in shares of International Business Machines by 6.5% during the 4th quarter. Truist Financial Corp now owns 811,062 shares of the technology company's stock worth $178,296,000 after acquiring an additional 49,591 shares during the period. Mufg Securities Americas Inc. acquired a new stake in shares of International Business Machines during the 4th quarter worth approximately $3,000,000. Finally, QRG Capital Management Inc. increased its stake in International Business Machines by 7.5% in the fourth quarter. QRG Capital Management Inc. now owns 150,652 shares of the technology company's stock valued at $33,118,000 after acquiring an additional 10,467 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Trading Up 0.1%

NYSE IBM traded up $0.20 during mid-day trading on Thursday, reaching $281.72. 1,332,710 shares of the stock were exchanged, compared to its average volume of 4,221,709. The stock has a market cap of $261.83 billion, a P/E ratio of 43.95, a P/E/G ratio of 5.81 and a beta of 0.66. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. International Business Machines Co. has a one year low of $167.23 and a one year high of $282.97. The stock has a 50 day simple moving average of $250.36 and a 200-day simple moving average of $242.96.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data 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. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The firm had revenue of $14.54 billion during the quarter, compared to analyst estimates of $14.41 billion. During the same period last year, the company posted $1.68 EPS. The business's quarterly revenue was up .5% on a year-over-year basis. On average, analysts anticipate that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were paid a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.39%. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's payout ratio is currently 115.66%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on IBM shares. Jefferies Financial Group reaffirmed a "hold" rating on shares of International Business Machines in a report on Wednesday, April 23rd. Bank of America lifted their target price on International Business Machines from $270.00 to $290.00 and gave the company a "buy" rating in a research report on Monday. KGI Securities set a $242.00 target price on International Business Machines and gave the stock a "hold" rating in a research note on Thursday, April 24th. Wall Street Zen downgraded shares of International Business Machines from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Finally, UBS Group reiterated a "sell" rating and set a $170.00 price objective (up from $160.00) on shares of International Business Machines in a research report on Wednesday, April 23rd. One research 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. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $250.31.

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.