International Business Machines Corporation $IBM Shares Sold by CWS Financial Advisors LLC

CWS Financial Advisors LLC lessened its stake in International Business Machines Corporation (NYSE:IBM) by 2.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 7,508 shares of the technology company’s stock after selling 216 shares during the period. International Business Machines comprises approximately 0.6% of CWS Financial Advisors LLC’s portfolio, making the stock its 26th largest position. CWS Financial Advisors LLC’s holdings in International Business Machines were worth $1,867,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Blue Edge Capital LLC grew its position in International Business Machines by 0.6% in the 1st quarter. Blue Edge Capital LLC now owns 6,776 shares of the technology company’s stock valued at $1,685,000 after acquiring an additional 39 shares in the last quarter. Wealth Dimensions Group Ltd. grew its holdings in shares of International Business Machines by 1.0% in the fourth quarter. Wealth Dimensions Group Ltd. now owns 3,972 shares of the technology company’s stock valued at $873,000 after purchasing an additional 40 shares in the last quarter. Tacita Capital Inc grew its holdings in shares of International Business Machines by 20.8% in the first quarter. Tacita Capital Inc now owns 232 shares of the technology company’s stock valued at $58,000 after purchasing an additional 40 shares in the last quarter. Pallas Capital Advisors LLC grew its holdings in shares of International Business Machines by 0.9% in the first quarter. Pallas Capital Advisors LLC now owns 4,805 shares of the technology company’s stock valued at $1,195,000 after purchasing an additional 42 shares in the last quarter. Finally, DMC Group LLC grew its stake in shares of International Business Machines by 1.2% in the first quarter. DMC Group LLC now owns 3,517 shares of the technology company’s stock worth $875,000 after acquiring an additional 42 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Stock Down 0.1%

Shares of NYSE:IBM opened at $239.39 on Tuesday. International Business Machines Corporation has a 1-year low of $193.71 and a 1-year high of $296.16. The stock has a market cap of $222.49 billion, a P/E ratio of 38.86, a P/E/G ratio of 3.69 and a beta of 0.69. The firm has a fifty day moving average price of $272.63 and a 200 day moving average price of $258.55. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.65 by $0.15. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The business had revenue of $16.98 billion during the quarter, compared to the consensus estimate of $16.58 billion. During the same quarter in the prior year, the firm earned $2.43 earnings per share. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. Sell-side analysts predict that International Business Machines Corporation will post 10.78 EPS for the current year.

Analyst Ratings Changes

IBM has been the subject of several research reports. Wall Street Zen upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Wedbush boosted their price objective on International Business Machines from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Friday, June 20th. Erste Group Bank cut shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Royal Bank Of Canada boosted their price target on shares of International Business Machines from $285.00 to $315.00 and gave the stock an “outperform” rating in a report on Thursday, July 17th. Finally, UBS Group boosted their price target on shares of International Business Machines from $195.00 to $200.00 and gave the stock a “sell” rating in a report on Thursday, July 24th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $268.75.

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.