KMG Fiduciary Partners LLC increased its holdings in IBM by 52.8% in the first quarter, according to a recent SEC filing. The company now owns 30,017 shares of IBM, valued at $5,732,000. Other investors also made changes to their positions in IBM, including Naples Money Management LLC, Creekmur Asset Management LLC, Ables Iannone Moore & Associates Inc., and Stone House Investment Management LLC. Analysts have varying opinions on IBM stock, with some issuing upgrades to “buy” ratings and others setting price targets. The stock performance of IBM has fluctuated, with recent trading activity decreasing its value to $171.74. The company’s quarterly earnings beat expectations, with revenue increasing compared to the previous year. IBM also raised its quarterly dividend, with a payout ratio of 75.65%. The company operates globally, offering solutions and services in software, consulting, infrastructure, and financing. Investors can track IBM’s performance through filings and insider trading data. MarketBeat provides up-to-date news and analysis, including insights from top-rated analysts. While IBM currently has a “Hold” rating, other stocks may offer better opportunities according to experts. Visit MarketBeat for more information on top-rated stocks and high-yield dividend traps. Share this article with others to stay informed.
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