Kestra Private Wealth Services LLC Purchases 10,349 Shares of International Business Machines Co. (NYSE:IBM)

Kestra Private Wealth Services LLC lifted its position in shares of International Business Machines Co. (NYSE:IBM) by 15.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 77,001 shares of the technology company’s stock after acquiring an additional 10,349 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in International Business Machines were worth $16,927,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Watts Gwilliam & Co. LLC bought a new position in shares of International Business Machines during the third quarter valued at approximately $519,000. LVW Advisors LLC increased its holdings in shares of International Business Machines by 25.1% in the 3rd quarter. LVW Advisors LLC now owns 2,176 shares of the technology company’s stock valued at $481,000 after acquiring an additional 437 shares during the period. Freestate Advisors LLC bought a new position in shares of International Business Machines in the 3rd quarter worth $469,000. Red Mountain Financial LLC purchased a new stake in shares of International Business Machines during the 3rd quarter worth $236,000. Finally, LongView Wealth Management bought a new stake in International Business Machines during the third quarter valued at about $250,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Down 0.4 %

NYSE:IBM opened at $252.31 on Friday. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. The company’s fifty day moving average price is $229.76 and its 200-day moving average price is $216.92. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $265.72. The firm has a market capitalization of $233.30 billion, a P/E ratio of 39.36, a PEG ratio of 5.57 and a beta of 0.76.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. As a group, equities research analysts anticipate that International Business Machines Co. will post 10.75 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be given a $1.67 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 annualized dividend and a yield of 2.65%. International Business Machines’s dividend payout ratio is presently 104.21%.

Analyst Ratings Changes

Several research firms have commented on IBM. BMO Capital Markets increased their price target on shares of International Business Machines from $260.00 to $280.00 and gave the company a “market perform” rating in a research report on Thursday, January 30th. Morgan Stanley raised their target price on shares of International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Wedbush initiated coverage on International Business Machines in a research report on Monday, February 3rd. They set an “outperform” rating on the stock. Sanford C. Bernstein raised their price objective on International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a research report on Friday, January 3rd. Finally, Stifel Nicolaus increased their price target on International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $225.53.

About International Business Machines

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.