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

U.S. Capital Wealth Advisors LLC grew its position in shares of International Business Machines Corporation (NYSE:IBM) by 22.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 55,388 shares of the technology company’s stock after purchasing 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 institutional investors have also recently added to or reduced their stakes in the business. Lifestyle Asset Management Inc. lifted its holdings in shares of International Business Machines by 1.7% during the second quarter. Lifestyle Asset Management Inc. now owns 2,144 shares of the technology company’s stock worth $632,000 after purchasing an additional 36 shares during the period. Whelan Financial raised its position in International Business Machines by 2.4% during the 2nd quarter. Whelan Financial now owns 1,525 shares of the technology company’s stock worth $450,000 after purchasing an additional 36 shares during the last quarter. Ignite Planners LLC lifted its holdings in International Business Machines by 0.9% during the 2nd quarter. Ignite Planners LLC now owns 3,964 shares of the technology company’s stock worth $1,133,000 after buying an additional 36 shares during the period. Johnson Bixby & Associates LLC grew its position in shares of International Business Machines by 3.3% in the 2nd quarter. Johnson Bixby & Associates LLC now owns 1,208 shares of the technology company’s stock valued at $356,000 after buying an additional 39 shares during the last quarter. Finally, Vestia Personal Wealth Advisors increased its stake in shares of International Business Machines by 3.1% in the second quarter. Vestia Personal Wealth Advisors now owns 1,345 shares of the technology company’s stock valued at $396,000 after buying an additional 40 shares during the period. 58.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

IBM has been the topic of a number of recent analyst reports. Morgan Stanley cut their price objective on International Business Machines from $256.00 to $252.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 23rd. Royal Bank Of Canada dropped their price target on shares of International Business Machines from $315.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, October 23rd. UBS Group reiterated a “sell” rating on shares of International Business Machines in a research report on Tuesday, December 9th. Weiss Ratings raised shares of International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research note on Saturday, October 25th. Finally, BMO Capital Markets upped their price target on shares of International Business Machines from $300.00 to $305.00 and gave the company a “market perform” rating in a research report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $293.38.

International Business Machines Stock Down 1.0%

Shares of NYSE IBM opened at $300.39 on Friday. International Business Machines Corporation has a 12-month low of $214.50 and a 12-month high of $324.90. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.97. The firm has a market cap 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’s fifty day simple moving average is $300.57 and its 200 day simple moving average is $279.30.

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

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th were issued a $1.68 dividend. The ex-dividend date was Monday, November 10th. This represents a $6.72 annualized dividend and a yield of 2.2%. International Business Machines’s dividend payout ratio is presently 80.38%.

International Business Machines Company 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.