Bellecapital International Ltd. Has $631,000 Holdings in International Business Machines Co. (NYSE:IBM)

Bellecapital International Ltd. lessened its position in shares of International Business Machines Co. (NYSE:IBM) by 16.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,536 shares of the technology company’s stock after selling 485 shares during the period. Bellecapital International Ltd.’s holdings in International Business Machines were worth $631,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of IBM. Vision Financial Markets LLC acquired a new position in shares of International Business Machines in the 4th quarter valued at about $31,000. Rialto Wealth Management LLC acquired a new position in International Business Machines in the fourth quarter valued at approximately $35,000. Tacita Capital Inc boosted its holdings in shares of International Business Machines by 174.3% during the 4th quarter. Tacita Capital Inc now owns 192 shares of the technology company’s stock worth $42,000 after buying an additional 122 shares in the last quarter. Measured Risk Portfolios Inc. acquired a new stake in shares of International Business Machines during the 4th quarter worth approximately $43,000. Finally, Park Square Financial Group LLC bought a new stake in shares of International Business Machines in the 4th quarter valued at $43,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Up 1.9%

Shares of NYSE:IBM opened at $281.61 on Thursday. International Business Machines Co. has a 1 year low of $167.23 and a 1 year high of $281.86. The company has a market capitalization of $261.73 billion, a PE ratio of 43.93, a price-to-earnings-growth ratio of 5.81 and a beta of 0.66. The business has a fifty day moving average price of $250.36 and a two-hundred day moving average price of $242.96. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00.

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

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were issued a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.39%. 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%.

Analysts Set New Price Targets

Several brokerages recently issued reports on IBM. Wedbush reissued an “outperform” rating and set a $300.00 target price on shares of International Business Machines in a research note on Wednesday, May 7th. Jefferies Financial Group reissued a “hold” rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Bank of America boosted their target price on International Business Machines from $270.00 to $290.00 and gave the company a “buy” rating in a research report on Monday. UBS Group reissued a “sell” rating and issued a $170.00 price objective (up previously from $160.00) on shares of International Business Machines in a research note on Wednesday, April 23rd. Finally, Morgan Stanley decreased their price objective on International Business Machines from $237.00 to $233.00 and set an “equal weight” rating for the company in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, International Business Machines presently has an average rating of “Hold” and a consensus price target of $250.31.

About International Business Machines

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.