International Business Machines Corporation $IBM Stock Holdings Increased by CW Advisors LLC

CW Advisors LLC raised its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 5.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,219 shares of the technology company’s stock after buying an additional 2,245 shares during the period. CW Advisors LLC’s holdings in International Business Machines were worth $11,979,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC grew its stake in International Business Machines by 12.4% during the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock valued at $4,619,000 after acquiring an additional 2,323 shares in the last quarter. Strategies Wealth Advisors LLC acquired a new stake in shares of International Business Machines in the first quarter valued at approximately $398,000. Encompass More Asset Management raised its position in International Business Machines by 4.8% in the 1st quarter. Encompass More Asset Management now owns 1,121 shares of the technology company’s stock worth $279,000 after purchasing an additional 51 shares during the last quarter. Costello Asset Management INC lifted its holdings in International Business Machines by 588.8% during the 1st quarter. Costello Asset Management INC now owns 551 shares of the technology company’s stock worth $137,000 after buying an additional 471 shares in the last quarter. Finally, Empower Advisory Group LLC boosted its position in International Business Machines by 2.1% in the 1st quarter. Empower Advisory Group LLC now owns 8,739 shares of the technology company’s stock valued at $2,173,000 after buying an additional 179 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

Shares of IBM stock opened at $302.97 on Thursday. The stock has a market cap of $283.19 billion, a PE ratio of 36.24, a price-to-earnings-growth ratio of 3.04 and a beta of 0.69. The stock has a 50-day moving average of $295.92 and a 200-day moving average of $275.86. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89. International Business Machines Corporation has a one year low of $214.50 and a one year high of $324.90.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.20. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The firm had revenue of $16.33 billion during the quarter, compared to analysts’ expectations of $16.10 billion. During the same quarter in the previous year, the company earned $2.30 earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. As a group, sell-side analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be given a $1.68 dividend. The ex-dividend date is Monday, November 10th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.2%. International Business Machines’s dividend payout ratio is currently 80.38%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Sanford C. Bernstein initiated coverage on International Business Machines in a research report on Monday, September 15th. They set a “market perform” rating and a $280.00 target price for the company. Stifel Nicolaus lowered their price objective on International Business Machines from $310.00 to $295.00 and set a “buy” rating for the company in a research report on Thursday, October 23rd. Oppenheimer started coverage on shares of International Business Machines in a research report on Friday, November 21st. They set an “outperform” rating and a $360.00 target price on the stock. Morgan Stanley lowered their price target on shares of International Business Machines from $256.00 to $252.00 and set an “equal weight” rating for the company in a research report on Thursday, October 23rd. Finally, Bank of America increased their price objective on shares of International Business Machines from $310.00 to $315.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $291.08.

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.