CWA Asset Management Group LLC Has $4.08 Million Stock Position in International Business Machines Corporation (NYSE:IBM)

CWA Asset Management Group LLC raised its position in International Business Machines Corporation (NYSE:IBM) by 5.2% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 16,414 shares of the technology company’s stock after buying an additional 810 shares during the period. CWA Asset Management Group LLC’s holdings in International Business Machines were worth $4,081,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the company. Vision Financial Markets LLC bought a new stake in shares of International Business Machines during the 4th quarter valued at $31,000. Rialto Wealth Management LLC acquired a new stake in shares of International Business Machines during the fourth quarter worth $35,000. Tacita Capital Inc increased its holdings in International Business Machines by 174.3% in the fourth quarter. Tacita Capital Inc now owns 192 shares of the technology company’s stock valued at $42,000 after purchasing an additional 122 shares during the last quarter. Measured Risk Portfolios Inc. acquired a new position in International Business Machines in the fourth quarter valued at about $43,000. Finally, Park Square Financial Group LLC acquired a new position in shares of International Business Machines during the 4th quarter worth about $43,000. Institutional investors own 58.96% of the company’s stock.

Analysts Set New Price Targets

IBM has been the topic of a number of analyst reports. Royal Bank Of Canada increased their price target on shares of International Business Machines from $276.00 to $285.00 and gave the company an “outperform” rating in a research report on Thursday, May 15th. Bank of America lifted their price target on shares of International Business Machines from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Monday, June 9th. Erste Group Bank upgraded shares of International Business Machines from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 17th. BMO Capital Markets restated a “market perform” rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Finally, KGI Securities set a $242.00 target price on International Business Machines and gave the stock a “hold” rating in a research note on Thursday, April 24th. One research 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 company has an average rating of “Hold” and an average price target of $250.31.

International Business Machines Price Performance

Shares of IBM stock opened at $282.96 on Wednesday. The business has a fifty day simple moving average of $254.78 and a 200 day simple moving average of $244.55. The company has a market cap of $262.98 billion, a P/E ratio of 48.70, a P/E/G ratio of 5.92 and a beta of 0.66. 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 twelve month low of $168.38 and a twelve month high of $285.26.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.18. The company had revenue of $14.54 billion for the quarter, compared to the consensus estimate of $14.41 billion. International Business Machines had a net margin of 8.71% and a return on equity of 37.43%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the company posted $1.68 EPS. On average, sell-side analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were issued a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.37%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.67. International Business Machines’s dividend payout ratio (DPR) is 115.66%.

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.