WCG Wealth Advisors LLC Makes New $3.36 Million Investment in International Business Machines Corporation $IBM

WCG Wealth Advisors LLC purchased a new stake in International Business Machines Corporation (NYSE:IBM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 11,347 shares of the technology company’s stock, valued at approximately $3,361,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Nvest Financial LLC boosted its position in shares of International Business Machines by 25.3% in the fourth quarter. Nvest Financial LLC now owns 2,334 shares of the technology company’s stock valued at $691,000 after acquiring an additional 471 shares during the period. Avestar Capital LLC boosted its holdings in International Business Machines by 5.0% in the 4th quarter. Avestar Capital LLC now owns 6,078 shares of the technology company’s stock valued at $1,801,000 after purchasing an additional 290 shares during the period. Phillips Wealth Planners LLC grew its position in shares of International Business Machines by 5.2% during the 4th quarter. Phillips Wealth Planners LLC now owns 4,059 shares of the technology company’s stock valued at $1,208,000 after purchasing an additional 199 shares in the last quarter. CIBC Asset Management Inc grew its position in shares of International Business Machines by 58.1% during the 4th quarter. CIBC Asset Management Inc now owns 257,135 shares of the technology company’s stock valued at $76,166,000 after purchasing an additional 94,508 shares in the last quarter. Finally, Marble Wealth LLC purchased a new stake in shares of International Business Machines in the fourth quarter worth $2,861,000. Institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

Shares of International Business Machines stock opened at $301.93 on Friday. The firm has a market cap of $283.78 billion, a PE ratio of 26.70, a price-to-earnings-growth ratio of 3.17 and a beta of 0.67. The company’s fifty day simple moving average is $245.61 and its two-hundred day simple moving average is $270.84. The company has a quick ratio of 0.76, a current ratio of 0.80 and a debt-to-equity ratio of 1.75. International Business Machines Corporation has a 12-month low of $212.34 and a 12-month high of $332.46.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.10. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. The company had revenue of $15.92 billion during the quarter, compared to analyst estimates of $15.60 billion. During the same period in the prior year, the business posted $1.60 earnings per share. International Business Machines’s revenue for the quarter was up 9.5% on a year-over-year basis. As a group, equities analysts expect that International Business Machines Corporation will post 12.4 EPS for the current year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th will be paid a $1.69 dividend. This is a boost from International Business Machines’s previous quarterly dividend of $1.68. This represents a $6.76 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, May 8th. International Business Machines’s payout ratio is currently 59.77%.

Trending Headlines about International Business Machines

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: IBM announced a strategic partnership with Google Cloud to create a new Google Cloud practice focused on scaling enterprise AI, modernizing core systems, and combining IBM Consulting with Google’s Gemini Enterprise tools. Investors may see this as a meaningful new revenue opportunity in AI services and cloud consulting. IBM and Google Cloud Announce Strategic Partnership to Scale AI with Human Expertise and AI?Powered Delivery
• Positive Sentiment: IBM also extended its AI story with a separate partnership with three.ws to build AI-powered 3D workspaces, reinforcing the company’s push into enterprise AI, hybrid cloud, and regulated-industry use cases. IBM Extends AI Narrative With Three Ws 3D Workspace Partnership
• Positive Sentiment: Analysts and media coverage highlighted IBM’s growing position in quantum computing, with Citi and other commentary pointing to IBM’s large investment as a potential long-term catalyst. Citi Sees IBM Strengthening its Position in the Emerging Quantum Computing Market
• Positive Sentiment: Barclays initiated coverage on IBM with an overweight rating and a $350 price target, which likely supported sentiment by signaling further upside in the shares. Barclays sets eye-catching IBM stock price target
• Neutral Sentiment: IBM also launched an AI Builders Challenge for universities and expanded access to IBM Bob at 20,000 institutions, which strengthens its AI ecosystem but is more of a long-term brand and talent-building initiative than an immediate financial catalyst. IBM Launches Global AI Builders Challenge With IBM Bob for University Students, Expanding Availability of IBM Bob to 20,000 Post-Secondary Institutions Worldwide
• Negative Sentiment: A Fortune report said IBM, along with AT&T, was accused by a whistleblower of covering up foreign hacks involving IBM cloud infrastructure used by parts of the U.S. government. If this story gains traction, it could raise cybersecurity and reputational concerns for IBM. IBM, AT&T accused by whistleblower of covering up foreign hacks

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on IBM. Roth Mkm restated a “buy” rating on shares of International Business Machines in a research report on Wednesday. UBS Group raised International Business Machines from a “sell” rating to a “neutral” rating and set a $236.00 price objective on the stock in a report on Wednesday, February 25th. Oppenheimer cut their target price on International Business Machines from $380.00 to $320.00 and set an “outperform” rating for the company in a research note on Thursday, April 16th. Stifel Nicolaus set a $290.00 price target on shares of International Business Machines in a research note on Friday, May 22nd. Finally, Needham & Company LLC started coverage on shares of International Business Machines in a research report on Wednesday. They set a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $304.17.

About International Business Machines

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.