Kestra Private Wealth Services LLC Boosts Holdings in International Business Machines Co. (NYSE:IBM)

Kestra Private Wealth Services LLC grew its position in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 23.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 68,367 shares of the technology company's stock after buying an additional 12,951 shares during the quarter. Kestra Private Wealth Services LLC's holdings in International Business Machines were worth $11,181,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in IBM. International Assets Investment Management LLC lifted its position in International Business Machines by 15,439.1% during the fourth quarter. International Assets Investment Management LLC now owns 2,653,462 shares of the technology company's stock valued at $433,974,000 after purchasing an additional 2,636,386 shares during the period. Morgan Stanley lifted its holdings in shares of International Business Machines by 13.4% during the 3rd quarter. Morgan Stanley now owns 16,257,789 shares of the technology company's stock valued at $2,280,968,000 after buying an additional 1,919,490 shares during the period. California Public Employees Retirement System boosted its stake in shares of International Business Machines by 15.9% in the 3rd quarter. California Public Employees Retirement System now owns 6,345,842 shares of the technology company's stock worth $890,322,000 after buying an additional 871,247 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of International Business Machines by 10.2% in the third quarter. Bank of New York Mellon Corp now owns 8,691,369 shares of the technology company's stock worth $1,219,399,000 after acquiring an additional 807,357 shares during the period. Finally, Northern Trust Corp increased its position in International Business Machines by 4.2% during the third quarter. Northern Trust Corp now owns 9,970,674 shares of the technology company's stock valued at $1,398,886,000 after acquiring an additional 404,948 shares during the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Trading Up 0.2 %

Shares of International Business Machines stock traded up $0.38 during trading on Monday, hitting $167.51. The stock had a trading volume of 5,260,090 shares, compared to its average volume of 5,011,214. The stock has a market cap of $153.56 billion, a PE ratio of 18.97, a PEG ratio of 4.08 and a beta of 0.70. International Business Machines Co. has a 12 month low of $120.55 and a 12 month high of $199.18. The firm's fifty day simple moving average is $187.19 and its 200-day simple moving average is $170.72. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.13 and a quick ratio of 1.09.

International Business Machines (NYSE:IBM - Get Free Report) last issued its earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.59 by $0.09. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The firm had revenue of $14.46 billion during the quarter, compared to analyst estimates of $14.53 billion. During the same period in the previous year, the firm earned $1.36 earnings per share. The business's revenue was up 1.5% on a year-over-year basis. As a group, sell-side analysts expect that International Business Machines Co. will post 9.99 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were issued a $1.66 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $6.64 annualized dividend and a dividend yield of 3.96%. International Business Machines's payout ratio is currently 75.20%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on IBM shares. Bank of America increased their price target on shares of International Business Machines from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, March 14th. StockNews.com downgraded International Business Machines from a "buy" rating to a "hold" rating in a research report on Tuesday, April 23rd. JPMorgan Chase & Co. decreased their price objective on International Business Machines from $190.00 to $185.00 and set a "neutral" rating on the stock in a research note on Thursday. Stifel Nicolaus reiterated a "buy" rating and set a $190.00 price objective on shares of International Business Machines in a research note on Wednesday, April 17th. Finally, Sanford C. Bernstein raised their target price on shares of International Business Machines from $165.00 to $186.00 and gave the stock a "market perform" rating in a research note on Thursday, March 7th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $184.08.

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.

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