J.W. Cole Advisors Inc. Grows Position in International Business Machines Corporation (NYSE:IBM)

J.W. Cole Advisors Inc. boosted its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 146.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,675 shares of the technology company's stock after buying an additional 27,753 shares during the quarter. J.W. Cole Advisors Inc.'s holdings in International Business Machines were worth $11,606,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Capital World Investors grew its position in shares of International Business Machines by 413.5% in the 4th quarter. Capital World Investors now owns 11,984,609 shares of the technology company's stock worth $2,634,577,000 after buying an additional 9,650,534 shares during the last quarter. Norges Bank purchased a new stake in International Business Machines during the 4th quarter worth approximately $1,236,176,000. GAMMA Investing LLC grew its position in International Business Machines by 29,564.2% during the 1st quarter. GAMMA Investing LLC now owns 4,399,790 shares of the technology company's stock worth $10,940,520,000 after purchasing an additional 4,384,958 shares during the last quarter. Northern Trust Corp grew its position in International Business Machines by 18.6% during the 4th quarter. Northern Trust Corp now owns 10,845,993 shares of the technology company's stock worth $2,384,275,000 after purchasing an additional 1,704,209 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in International Business Machines by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 91,839,252 shares of the technology company's stock worth $20,189,023,000 after purchasing an additional 1,539,888 shares during the last quarter. Institutional investors own 58.96% of the company's stock.

Wall Street Analysts Forecast Growth

IBM has been the topic of several research analyst reports. KGI Securities set a $242.00 target price on shares of International Business Machines and gave the stock a "hold" rating in a research report on Thursday, April 24th. Wall Street Zen downgraded shares of International Business Machines from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Citigroup reissued an "outperform" rating on shares of International Business Machines in a research report on Saturday, May 10th. The Goldman Sachs Group boosted their target price on shares of International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Finally, Melius Research upgraded shares of International Business Machines to a "strong-buy" rating in a research note on Monday, July 7th. 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 company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $266.19.

International Business Machines Price Performance

NYSE IBM traded down $2.79 on Tuesday, hitting $281.93. The company had a trading volume of 3,067,081 shares, compared to its average volume of 4,223,304. The company has a market capitalization of $262.02 billion, a PE ratio of 48.47, a PEG ratio of 6.00 and a beta of 0.69. The company's fifty day moving average price is $276.39 and its 200-day moving average price is $254.50. 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 Corporation has a 12-month low of $181.81 and a 12-month high of $296.16.

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. The company had revenue of $14.54 billion during the quarter, compared to analyst estimates 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 revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.68 EPS. As a group, analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current 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 issued a $1.68 dividend. This represents a $6.72 annualized dividend and a yield of 2.38%. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's payout ratio is presently 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.