Stratos Wealth Advisors LLC Grows Stock Holdings in International Business Machines Corporation (NYSE:IBM)

Stratos Wealth Advisors LLC boosted its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 919.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,295 shares of the technology company's stock after buying an additional 48,066 shares during the quarter. Stratos Wealth Advisors LLC's holdings in International Business Machines were worth $13,253,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Stratos Investment Management LLC lifted its stake in International Business Machines by 5.5% in the 1st quarter. Stratos Investment Management LLC now owns 2,249 shares of the technology company's stock worth $559,000 after purchasing an additional 117 shares in the last quarter. Hourglass Capital LLC lifted its stake in International Business Machines by 0.9% in the 1st quarter. Hourglass Capital LLC now owns 23,725 shares of the technology company's stock worth $5,899,000 after purchasing an additional 215 shares in the last quarter. Brown Advisory Inc. lifted its stake in International Business Machines by 1.4% in the 1st quarter. Brown Advisory Inc. now owns 266,145 shares of the technology company's stock worth $66,180,000 after purchasing an additional 3,757 shares in the last quarter. Consolidated Capital Management LLC purchased a new position in International Business Machines in the 1st quarter worth approximately $298,000. Finally, China Universal Asset Management Co. Ltd. lifted its stake in International Business Machines by 12.7% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 5,139 shares of the technology company's stock worth $1,278,000 after purchasing an additional 578 shares in the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

IBM has been the subject of a number of recent analyst reports. Bank of America raised their price target on shares of International Business Machines from $290.00 to $320.00 and gave the stock a "buy" rating in a report on Wednesday, June 18th. The Goldman Sachs Group raised their price target on shares of International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Jefferies Financial Group restated a "hold" rating on shares of International Business Machines in a report on Wednesday, April 23rd. Wedbush raised their price target on shares of International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a report on Friday, June 20th. Finally, Melius Research upgraded shares of International Business Machines to a "strong-buy" rating in a report on Monday. One 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 data from MarketBeat, International Business Machines has an average rating of "Moderate Buy" and an average target price of $259.06.

International Business Machines Stock Down 0.5%

Shares of NYSE:IBM traded down $1.54 during trading on Friday, hitting $285.89. The company's stock had a trading volume of 851,559 shares, compared to its average volume of 4,490,117. The business has a 50 day moving average price of $272.42 and a two-hundred day moving average price of $251.52. The company has a market capitalization of $265.70 billion, a PE ratio of 49.21, a P/E/G ratio of 6.09 and a beta of 0.69. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.97 and a current ratio of 1.01. International Business Machines Corporation has a fifty-two week low of $178.50 and a fifty-two week high of $296.16.

International Business Machines (NYSE:IBM - Get Free Report) last posted 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. The business had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. International Business Machines had a net margin of 8.71% and a return on equity of 37.43%. The company's quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.68 earnings per share. As a group, research analysts expect that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were given a dividend of $1.68 per share. This is a boost from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a dividend yield of 2.35%. International Business Machines's payout ratio is 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.