Kingsview Wealth Management LLC Sells 177,235 Shares of International Business Machines Corporation $IBM

Key Points

• Kingsview Wealth Management cut its IBM stake sharply in the fourth quarter, selling 177,235 shares and reducing its position by 82.3% to 38,241 shares worth about $11.3 million.
• IBM’s latest quarterly results topped expectations, with EPS of $1.91 versus $1.81 expected and revenue of $15.92 billion versus $15.60 billion estimated, while revenue rose 9.5% year over year.
• The company also raised its dividend to $1.69 per share quarterly, and analysts currently rate IBM as a Moderate Buy with an average price target of $294.41.

Kingsview Wealth Management LLC reduced its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 82.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 38,241 shares of the technology company's stock after selling 177,235 shares during the quarter. Kingsview Wealth Management LLC's holdings in International Business Machines were worth $11,327,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in IBM. Capital World Investors increased its holdings in International Business Machines by 13.9% in the third quarter. Capital World Investors now owns 17,045,156 shares of the technology company's stock worth $4,809,461,000 after purchasing an additional 2,077,506 shares in the last quarter. Vanguard Group Inc. increased its holdings in International Business Machines by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 97,216,131 shares of the technology company's stock worth $28,796,390,000 after purchasing an additional 1,439,824 shares in the last quarter. First Trust Advisors LP increased its holdings in International Business Machines by 39.6% in the third quarter. First Trust Advisors LP now owns 3,052,880 shares of the technology company's stock worth $861,401,000 after purchasing an additional 865,253 shares in the last quarter. Franklin Resources Inc. increased its holdings in International Business Machines by 64.7% in the third quarter. Franklin Resources Inc. now owns 2,162,741 shares of the technology company's stock worth $610,239,000 after purchasing an additional 849,500 shares in the last quarter. Finally, Amundi increased its holdings in shares of International Business Machines by 17.9% during the third quarter. Amundi now owns 4,777,516 shares of the technology company's stock valued at $1,382,695,000 after acquiring an additional 725,191 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Stock Performance

NYSE:IBM opened at $255.43 on Thursday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.76 and a current ratio of 0.80. International Business Machines Corporation has a 52-week low of $212.34 and a 52-week high of $324.90. The firm has a market cap of $240.08 billion, a price-to-earnings ratio of 22.58, a PEG ratio of 2.60 and a beta of 0.58. The business's fifty day moving average is $239.06 and its 200 day moving average is $271.09.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The technology company reported $1.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.81 by $0.10. The company had revenue of $15.92 billion for the quarter, compared to analyst estimates of $15.60 billion. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.The firm's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.60 EPS. Research analysts predict that International Business Machines Corporation will post 12.4 EPS for the current year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th will be given a dividend of $1.69 per share. This is a boost from International Business Machines's previous quarterly dividend of $1.68. The ex-dividend date is Friday, May 8th. This represents a $6.76 annualized dividend and a dividend yield of 2.6%. International Business Machines's dividend payout ratio is currently 59.77%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Jefferies Financial Group decreased their price objective on International Business Machines from $370.00 to $320.00 and set a "buy" rating for the company in a report on Monday, April 20th. JPMorgan Chase & Co. cut their price objective on International Business Machines from $317.00 to $283.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 18th. DZ Bank raised International Business Machines from a "hold" rating to a "buy" rating and set a $295.00 price objective on the stock in a research report on Friday, April 24th. Morgan Stanley upped their price target on International Business Machines from $215.00 to $225.00 and gave the company an "equal weight" rating in a research report on Thursday, April 23rd. Finally, Weiss Ratings cut International Business Machines from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $294.41.

Key Headlines Impacting International Business Machines

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: IBM announced a five-year global technology modernization agreement with Abertis, a new services deal that should support consulting and infrastructure revenue. IBM and Abertis are Driving the Future of Mobility with a Global Technology Modernization Agreement
• Positive Sentiment: IBM is benefiting from renewed enthusiasm around quantum computing after the U.S. Department of Commerce announced approximately $2.0 billion in planned funding for nine quantum companies, with IBM seen as a key beneficiary because of its quantum chip and foundry partnerships. Trump’s $2 Billion Quantum Bet Lifts IBM, D‑Wave, and Rigetti — and Sends Quantum ETF QTUM Toward $5 Billion in Assets
• Positive Sentiment: One analyst reiterated a Buy rating and raised its price target to $280, citing strong first-quarter results, robust free cash flow, and management’s maintained FY2026 guidance for more than 5% revenue growth and about $1 billion in annual free-cash-flow increases. IBM: Why AI Is An Opportunity Not A Threat, Raising My Price Target
• Neutral Sentiment: Several recent articles highlight IBM as a major name in the fast-growing quantum-computing ETF and infrastructure theme, which reinforces investor interest but does not add a new company-specific catalyst on its own. QTUM ETF Crosses $5 Billion Even As IBM, Rigetti, IonQ, D-Wave Cool Off
• Negative Sentiment: The broader quantum trade appears to be cooling after last week’s surge, which could temper near-term momentum in IBM shares even as the longer-term story stays constructive. QTUM ETF Crosses $5 Billion Even As IBM, Rigetti, IonQ, D-Wave Cool Off

International Business Machines Company Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM's principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.

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