International Business Machines Co. (NYSE:IBM) Shares Sold by Dividend Assets Capital LLC

Dividend Assets Capital LLC trimmed its holdings in International Business Machines Co. (NYSE:IBM) by 7.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,895 shares of the technology company’s stock after selling 495 shares during the quarter. Dividend Assets Capital LLC’s holdings in International Business Machines were worth $1,466,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Vision Financial Markets LLC acquired a new position in shares of International Business Machines during the fourth quarter valued at $31,000. Rialto Wealth Management LLC acquired a new stake in International Business Machines in the fourth quarter worth about $35,000. Tacita Capital Inc grew its position in International Business Machines by 174.3% in the 4th quarter. Tacita Capital Inc now owns 192 shares of the technology company’s stock valued at $42,000 after buying an additional 122 shares in the last quarter. Measured Risk Portfolios Inc. acquired a new position in International Business Machines during the 4th quarter valued at about $43,000. Finally, Park Square Financial Group LLC acquired a new position in International Business Machines during the 4th quarter valued at about $43,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

IBM has been the subject of several recent analyst reports. Erste Group Bank upgraded shares of International Business Machines from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. BMO Capital Markets restated a “market perform” rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Wall Street Zen cut International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday, May 21st. Bank of America boosted their price objective on International Business Machines from $270.00 to $290.00 and gave the stock a “buy” rating in a research note on Monday. Finally, UBS Group restated a “sell” rating and issued a $170.00 price objective (up previously from $160.00) on shares of International Business Machines in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, International Business Machines currently has a consensus rating of “Hold” and a consensus target price of $250.31.

International Business Machines Stock Performance

Shares of IBM opened at $272.13 on Tuesday. The company has a 50-day moving average of $248.62 and a two-hundred day moving average of $242.46. International Business Machines Co. has a one year low of $166.81 and a one year high of $275.26. 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 stock has a market cap of $252.92 billion, a price-to-earnings ratio of 42.45, a PEG ratio of 5.81 and a beta of 0.66.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.18. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The company had revenue of $14.54 billion during the quarter, compared to analyst estimates of $14.41 billion. During the same quarter in the prior year, the company earned $1.68 earnings per share. The company’s revenue for the quarter was up .5% on a year-over-year basis. On average, equities research analysts expect that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be given a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.47%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.67. International Business Machines’s dividend payout ratio is 115.66%.

International Business Machines Profile

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.