Stratos Wealth Advisors LLC Raises Stock Position in International Business Machines Corporation (NYSE:IBM)

Stratos Wealth Advisors LLC lifted its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 919.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,295 shares of the technology company's stock after purchasing an additional 48,066 shares during the period. Stratos Wealth Advisors LLC's holdings in International Business Machines were worth $13,253,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Rialto Wealth Management LLC purchased a new stake in shares of International Business Machines during the fourth quarter worth about $35,000. Measured Risk Portfolios Inc. bought a new position in International Business Machines in the fourth quarter worth about $43,000. Park Square Financial Group LLC bought a new position in International Business Machines in the fourth quarter worth about $43,000. Mascagni Wealth Management Inc. bought a new position in International Business Machines in the fourth quarter worth about $43,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in International Business Machines in the first quarter worth about $45,000. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group increased their price target on shares of International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Erste Group Bank raised shares of International Business Machines from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Bank of America increased their price target on shares of International Business Machines from $290.00 to $320.00 and gave the stock a "buy" rating in a research note on Wednesday, June 18th. Melius Research raised shares of International Business Machines to a "strong-buy" rating in a research note on Monday. Finally, KGI Securities set a $242.00 price target on shares of International Business Machines and gave the stock a "hold" rating in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, International Business Machines presently has an average rating of "Moderate Buy" and an average price target of $259.06.

International Business Machines Stock Down 1.4%

Shares of IBM traded down $4.10 on Friday, hitting $283.33. 3,789,706 shares of the stock traded hands, compared to its average volume of 4,240,258. The company has a market capitalization of $263.33 billion, a PE ratio of 48.77, a P/E/G ratio of 6.04 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. The business has a 50 day simple moving average of $273.18 and a 200 day simple moving average of $251.92. International Business Machines Corporation has a one year low of $178.50 and a one year high of $296.16.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.18. The company 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 firm's quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.68 earnings per share. As a group, equities analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were given a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a dividend yield of 2.37%. This is an increase from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio (DPR) 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.