U.S. Capital Wealth Advisors LLC Acquires 9,993 Shares of International Business Machines Corporation $IBM

by · The Cerbat Gem

U.S. Capital Wealth Advisors LLC increased its holdings in International Business Machines Corporation (NYSE:IBM – Free Report) by 22.0% during the third quarter, HoldingsChannel reports. The fund owned 55,388 shares of the technology company’s stock after acquiring an additional 9,993 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in International Business Machines were worth $15,628,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vise Technologies Inc. purchased a new position in International Business Machines during the 2nd quarter worth $16,565,000. Vanguard Group Inc. lifted its position in shares of International Business Machines by 2.1% during the second quarter. Vanguard Group Inc. now owns 95,051,475 shares of the technology company’s stock valued at $28,019,274,000 after purchasing an additional 1,913,708 shares in the last quarter. Thames Capital Management LLC bought a new stake in International Business Machines in the 2nd quarter worth about $2,710,000. CWM LLC grew its position in International Business Machines by 3.0% in the 2nd quarter. CWM LLC now owns 122,623 shares of the technology company’s stock worth $36,147,000 after purchasing an additional 3,537 shares in the last quarter. Finally, Quent Capital LLC increased its stake in International Business Machines by 34.5% in the 2nd quarter. Quent Capital LLC now owns 5,526 shares of the technology company’s stock valued at $1,629,000 after buying an additional 1,417 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

IBM has been the topic of a number of research analyst reports. UBS Group restated a “sell” rating on shares of International Business Machines in a research note on Tuesday, December 9th. Royal Bank Of Canada dropped their price target on International Business Machines from $315.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, October 23rd. Jefferies Financial Group upped their price objective on International Business Machines from $280.00 to $305.00 and gave the company a “hold” rating in a research note on Tuesday, October 21st. Bank of America lifted their target price on International Business Machines from $310.00 to $315.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Finally, Morgan Stanley reduced 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. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $293.38.

Get Our Latest Stock Report on IBM

International Business Machines Stock Down 1.0%

Shares of NYSE IBM opened at $300.39 on Friday. The business’s fifty day moving average price is $300.57 and its 200-day moving average price is $279.30. International Business Machines Corporation has a one year low of $214.50 and a one year high of $324.90. The stock has a market capitalization of $280.79 billion, a PE ratio of 35.93, a P/E/G ratio of 3.02 and a beta of 0.69. 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 (NYSE:IBM – Get Free Report) last announced 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. The business had revenue of $16.33 billion for the quarter, compared to analysts’ expectations of $16.10 billion. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.30 EPS. On average, equities research analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

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

International Business Machines Company Profile

(Free Report)

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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