Carolina Wealth Advisors LLC Has $317,000 Stock Position in International Business Machines Co. (NYSE:IBM)

Carolina Wealth Advisors LLC reduced its stake in shares of International Business Machines Co. (NYSE:IBMFree Report) by 4.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,660 shares of the technology company’s stock after selling 82 shares during the period. Carolina Wealth Advisors LLC’s holdings in International Business Machines were worth $317,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of International Business Machines by 0.4% in the third quarter. Vanguard Group Inc. now owns 82,076,195 shares of the technology company’s stock valued at $11,515,290,000 after purchasing an additional 365,388 shares during the last quarter. Morgan Stanley raised its holdings in shares of International Business Machines by 13.4% in the third quarter. Morgan Stanley now owns 16,257,789 shares of the technology company’s stock valued at $2,280,968,000 after purchasing an additional 1,919,490 shares during the last quarter. Northern Trust Corp increased its holdings in International Business Machines by 4.2% during the third quarter. Northern Trust Corp now owns 9,970,674 shares of the technology company’s stock worth $1,398,886,000 after buying an additional 404,948 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in International Business Machines by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,465,214 shares of the technology company’s stock worth $1,048,631,000 after buying an additional 61,028 shares during the last quarter. Finally, Norges Bank acquired a new position in International Business Machines during the fourth quarter worth $1,019,009,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Trading Up 0.6 %

IBM stock traded up $1.05 during midday trading on Wednesday, hitting $170.55. The company had a trading volume of 3,386,442 shares, compared to its average volume of 3,242,117. The company has a current ratio of 1.13, a quick ratio of 1.09 and a debt-to-equity ratio of 2.32. The stock has a market cap of $156.67 billion, a price-to-earnings ratio of 19.31, a PEG ratio of 4.18 and a beta of 0.72. The stock’s 50 day moving average price is $171.65 and its 200 day moving average price is $175.99. International Business Machines Co. has a 52 week low of $129.18 and a 52 week high of $199.18.

International Business Machines (NYSE:IBMGet Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.09. The company had revenue of $14.46 billion for the quarter, compared to analysts’ expectations of $14.53 billion. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.36 earnings per share. As a group, equities research analysts expect that International Business Machines Co. will post 9.9 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 10th were given a dividend of $1.67 per share. The ex-dividend date of this dividend was Thursday, May 9th. This is a boost from International Business Machines’s previous quarterly dividend of $1.66. This represents a $6.68 annualized dividend and a dividend yield of 3.92%. International Business Machines’s dividend payout ratio (DPR) is 75.65%.

Wall Street Analyst Weigh In

IBM has been the subject of a number of research analyst reports. BNP Paribas started coverage on shares of International Business Machines in a research report on Thursday, May 2nd. They set an “underperform” rating and a $145.00 price objective for the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $190.00 price target on shares of International Business Machines in a research note on Thursday, May 16th. Morgan Stanley lowered their target price on International Business Machines from $186.00 to $179.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Wedbush boosted their target price on International Business Machines from $140.00 to $160.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Finally, Jefferies Financial Group lowered their price objective on International Business Machines from $215.00 to $210.00 and set a “hold” rating for the company in a research note on Tuesday, April 23rd. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $181.29.

Read Our Latest Research Report on International Business Machines

International Business Machines Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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