Kingswood Wealth Advisors LLC Grows Position in International Business Machines Corporation (NYSE:IBM)

Kingswood Wealth Advisors LLC lifted its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 101.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,794 shares of the technology company's stock after buying an additional 17,559 shares during the period. Kingswood Wealth Advisors LLC's holdings in International Business Machines were worth $8,684,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Treasurer of the State of North Carolina boosted its position in shares of International Business Machines by 0.8% during the fourth quarter. Treasurer of the State of North Carolina now owns 495,574 shares of the technology company's stock valued at $108,942,000 after buying an additional 4,131 shares during the last quarter. Mufg Securities Americas Inc. bought a new position in International Business Machines in the fourth quarter valued at about $3,000,000. Magnolia Private Wealth LLC bought a new position in International Business Machines in the first quarter valued at about $239,000. QRG Capital Management Inc. lifted its holdings in International Business Machines by 7.5% in the fourth quarter. QRG Capital Management Inc. now owns 150,652 shares of the technology company's stock valued at $33,118,000 after acquiring an additional 10,467 shares during the period. Finally, Ferguson Wellman Capital Management Inc. lifted its holdings in International Business Machines by 0.8% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 141,448 shares of the technology company's stock valued at $35,172,000 after acquiring an additional 1,058 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on IBM. Erste Group Bank raised International Business Machines from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Wall Street Zen downgraded International Business Machines from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Jefferies Financial Group reissued a "hold" rating on shares of International Business Machines in a report on Wednesday, April 23rd. Citigroup reissued an "outperform" rating on shares of International Business Machines in a report on Saturday, May 10th. Finally, Royal Bank Of Canada raised their price objective on International Business Machines from $276.00 to $285.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, International Business Machines currently has an average rating of "Hold" and an average target price of $252.19.

International Business Machines Price Performance

Shares of NYSE:IBM traded up $0.10 during trading on Thursday, hitting $283.15. 3,531,800 shares of the company's stock were exchanged, compared to its average volume of 4,234,994. 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 52-week low of $170.41 and a 52-week high of $286.91. The business's 50-day simple moving average is $256.81 and its 200 day simple moving average is $245.20. The company has a market cap of $263.16 billion, a price-to-earnings ratio of 48.74, a PEG ratio of 5.95 and a beta of 0.66.

International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.18. International Business Machines had a return on equity of 37.43% and a net margin of 8.71%. The firm had revenue of $14.54 billion during the quarter, compared to analysts' expectations of $14.41 billion. During the same quarter last year, the business posted $1.68 earnings per share. The firm's revenue was up .5% on a year-over-year basis. As a group, equities analysts predict that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The firm also recently announced 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 a boost from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio (DPR) is currently 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.