U.S. Capital Wealth Advisors LLC Cuts Stock Holdings in International Business Machines Corporation (NYSE:IBM)

U.S. Capital Wealth Advisors LLC cut its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 67.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,390 shares of the technology company's stock after selling 51,496 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in International Business Machines were worth $6,313,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Rialto Wealth Management LLC acquired a new position in International Business Machines in the 4th quarter valued at $35,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of International Business Machines in the first quarter valued at about $45,000. Park Square Financial Group LLC acquired a new position in shares of International Business Machines in the fourth quarter valued at about $43,000. Park Place Capital Corp increased its position in International Business Machines by 42.6% during the first quarter. Park Place Capital Corp now owns 194 shares of the technology company's stock worth $48,000 after acquiring an additional 58 shares during the period. Finally, Measured Risk Portfolios Inc. acquired a new stake in International Business Machines in the 4th quarter worth about $43,000. Institutional investors and hedge funds own 58.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Erste Group Bank upgraded shares of International Business Machines from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Wedbush increased their price target on International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a research report on Friday, June 20th. Wall Street Zen cut International Business Machines from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. UBS Group reiterated a "sell" rating on shares of International Business Machines in a research note on Wednesday. Finally, Citigroup reiterated an "outperform" rating on shares of International Business Machines in a research note on Saturday, May 10th. One analyst has rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $257.50.

International Business Machines Trading Down 0.3%

Shares of NYSE IBM traded down $0.89 during trading on Wednesday, reaching $289.53. The company had a trading volume of 406,332 shares, compared to its average volume of 4,219,484. The stock has a market cap of $269.09 billion, a P/E ratio of 49.77, a PEG ratio of 6.14 and a beta of 0.69. The company's fifty day moving average price is $270.51 and its 200-day moving average price is $250.80. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 2.09. International Business Machines Corporation has a 12 month low of $174.45 and a 12 month 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.42 by $0.18. The firm had revenue of $14.54 billion for the quarter, compared to analysts' expectations of $14.41 billion. International Business Machines had a return on equity of 37.43% and a net margin of 8.71%. During the same period in the prior year, the business earned $1.68 EPS. The company's revenue for the quarter was up .5% compared to the same quarter last year. As a group, research analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The company also recently announced 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 represents a $6.72 dividend on an annualized basis and a dividend yield of 2.32%. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio is presently 115.66%.

International Business Machines 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.