Kingswood Wealth Advisors LLC Sells 17,406 Shares of International Business Machines Corporation $IBM

Kingswood Wealth Advisors LLC lessened its position in International Business Machines Corporation (NYSE:IBM) by 50.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,388 shares of the technology company’s stock after selling 17,406 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in International Business Machines were worth $5,126,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Family CFO Inc purchased a new position in shares of International Business Machines during the second quarter valued at approximately $25,000. Christopher J. Hasenberg Inc purchased a new position in International Business Machines during the 1st quarter valued at $27,000. SSA Swiss Advisors AG bought a new position in International Business Machines in the 1st quarter valued at $28,000. Dagco Inc. bought a new position in International Business Machines in the 1st quarter valued at $31,000. Finally, Silicon Valley Capital Partners increased its stake in International Business Machines by 322.6% in the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after purchasing an additional 100 shares during the period. 58.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

IBM has been the topic of a number of research analyst reports. BMO Capital Markets upped their price target on shares of International Business Machines from $260.00 to $300.00 and gave the stock a “market perform” rating in a report on Friday, July 18th. Bank of America dropped their target price on International Business Machines from $320.00 to $310.00 and set a “buy” rating on the stock in a research report on Thursday, July 24th. Melius Research raised International Business Machines to a “strong-buy” rating in a research report on Monday, July 7th. The Goldman Sachs Group raised their price objective on International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of International Business Machines in a report on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $284.62.

International Business Machines Stock Performance

Shares of IBM stock opened at $289.70 on Tuesday. The business has a fifty day moving average of $255.71 and a 200 day moving average of $259.70. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. The firm has a market capitalization of $269.25 billion, a price-to-earnings ratio of 47.03, a price-to-earnings-growth ratio of 4.44 and a beta of 0.73. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year high of $296.16.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.65 by $0.15. The firm had revenue of $16.98 billion during the quarter, compared to analysts’ expectations of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the business posted $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. As a group, research analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were issued a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines’s dividend payout ratio is 109.09%.

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.