Kingsview Wealth Management LLC cut its stake in shares of International Business Machines Corporation (NYSE:IBM – Free Report) by 82.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,241 shares of the technology company’s stock after selling 177,235 shares during the quarter. Kingsview Wealth Management LLC’s holdings in International Business Machines were worth $11,327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently bought and sold shares of the stock. Family CFO Inc purchased a new stake in International Business Machines in the 4th quarter worth approximately $25,000. Joseph Group Capital Management purchased a new stake in International Business Machines in the 4th quarter worth approximately $28,000. SWAN Capital LLC purchased a new stake in International Business Machines in the 3rd quarter worth approximately $28,000. DecisionPoint Financial LLC lifted its holdings in International Business Machines by 1,666.7% in the 4th quarter. DecisionPoint Financial LLC now owns 106 shares of the technology company’s stock worth $31,000 after buying an additional 100 shares during the period. Finally, LFA Lugano Financial Advisors SA purchased a new stake in International Business Machines in the 4th quarter worth approximately $31,000. 58.96% of the stock is currently owned by hedge funds and other institutional investors.
International Business Machines Stock Up 1.9%
Shares of NYSE:IBM opened at $255.43 on Thursday. International Business Machines Corporation has a 52-week low of $212.34 and a 52-week high of $324.90. The firm has a market capitalization of $240.08 billion, a P/E ratio of 22.58, a P/E/G ratio of 2.60 and a beta of 0.58. The stock has a 50 day moving average price of $239.06 and a 200-day moving average price of $271.09. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.76 and a current ratio of 0.80.
International Business Machines Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 8th will be given a dividend of $1.69 per share. This is a boost from International Business Machines’s previous quarterly dividend of $1.68. The ex-dividend date of this dividend is Friday, May 8th. This represents a $6.76 dividend on an annualized basis and a yield of 2.6%. International Business Machines’s dividend payout ratio is 59.77%.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the company. Weiss Ratings cut International Business Machines from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Royal Bank Of Canada dropped their price objective on International Business Machines from $330.00 to $300.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. Stifel Nicolaus set a $290.00 price objective on International Business Machines in a report on Friday, May 22nd. JPMorgan Chase & Co. dropped their price objective on International Business Machines from $317.00 to $283.00 and set a “neutral” rating for the company in a report on Wednesday, March 18th. Finally, HSBC raised International Business Machines from a “reduce” rating to a “hold” rating and increased their target price for the stock from $218.00 to $231.00 in a research report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, International Business Machines currently has an average rating of “Moderate Buy” and an average target price of $294.41.
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Trending Headlines about International Business Machines
Here are the key news stories impacting International Business Machines this week:
- Positive Sentiment: IBM announced a five-year global technology modernization agreement with Abertis, a new services deal that should support consulting and infrastructure revenue. IBM and Abertis are Driving the Future of Mobility with a Global Technology Modernization Agreement
- Positive Sentiment: IBM is benefiting from renewed enthusiasm around quantum computing after the U.S. Department of Commerce announced approximately $2.0 billion in planned funding for nine quantum companies, with IBM seen as a key beneficiary because of its quantum chip and foundry partnerships. Trump’s $2 Billion Quantum Bet Lifts IBM, D‑Wave, and Rigetti — and Sends Quantum ETF QTUM Toward $5 Billion in Assets
- Positive Sentiment: One analyst reiterated a Buy rating and raised its price target to $280, citing strong first-quarter results, robust free cash flow, and management’s maintained FY2026 guidance for more than 5% revenue growth and about $1 billion in annual free-cash-flow increases. IBM: Why AI Is An Opportunity Not A Threat, Raising My Price Target
- Neutral Sentiment: Several recent articles highlight IBM as a major name in the fast-growing quantum-computing ETF and infrastructure theme, which reinforces investor interest but does not add a new company-specific catalyst on its own. QTUM ETF Crosses $5 Billion Even As IBM, Rigetti, IonQ, D-Wave Cool Off
- Negative Sentiment: The broader quantum trade appears to be cooling after last week’s surge, which could temper near-term momentum in IBM shares even as the longer-term story stays constructive. QTUM ETF Crosses $5 Billion Even As IBM, Rigetti, IonQ, D-Wave Cool Off
International Business Machines Company Profile
International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.
IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.
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