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

Redhawk Wealth Advisors Inc. raised its holdings 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 Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,009 shares of the technology company's stock after buying an additional 4,005 shares during the period. Redhawk Wealth Advisors Inc.'s holdings in International Business Machines were worth $1,246,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vision Financial Markets LLC acquired a new stake in shares of International Business Machines during the fourth quarter worth approximately $31,000. Rialto Wealth Management LLC bought a new stake in shares of International Business Machines in the 4th quarter valued at approximately $35,000. Tacita Capital Inc lifted its stake in International Business Machines by 174.3% during the fourth quarter. Tacita Capital Inc now owns 192 shares of the technology company's stock worth $42,000 after purchasing an additional 122 shares during the last quarter. Park Square Financial Group LLC bought a new stake in International Business Machines during the fourth quarter valued at $43,000. Finally, Measured Risk Portfolios Inc. acquired a new stake in shares of International Business Machines during the fourth quarter worth $43,000. 58.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

IBM has been the subject of a number of recent research reports. Erste Group Bank raised shares of International Business Machines from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Royal Bank of Canada increased their price target on International Business Machines from $276.00 to $285.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. UBS Group restated a "sell" rating and set a $170.00 price objective (up previously from $160.00) on shares of International Business Machines in a research report on Wednesday, April 23rd. KGI Securities set a $242.00 price objective on International Business Machines and gave the stock a "hold" rating in a research note on Thursday, April 24th. Finally, Bank of America upped their price target on shares of International Business Machines from $270.00 to $290.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $250.31.

International Business Machines Price Performance

NYSE:IBM traded down $4.20 during mid-day trading on Friday, reaching $276.84. 3,242,911 shares of the stock were exchanged, compared to its average volume of 4,237,292. International Business Machines Co. has a 1-year low of $167.50 and a 1-year high of $283.06. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The firm has a market capitalization of $257.29 billion, a PE ratio of 43.19, a PEG ratio of 5.81 and a beta of 0.66. The business has a fifty day moving average price of $252.60 and a 200 day moving average price of $243.67.

International Business Machines (NYSE:IBM - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, topping analysts' consensus estimates 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 net margin of 9.60% and a return on equity of 38.99%. The firm's revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the firm posted $1.68 earnings per share. Research analysts expect that International Business Machines Co. will post 10.78 earnings per share for the current fiscal 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 given a $1.68 dividend. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.43%. International Business Machines's dividend payout ratio (DPR) is 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.