Avior Wealth Management LLC Lowers Holdings in International Business Machines Corporation (NYSE:IBM)

Avior Wealth Management LLC cut its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 24.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,152 shares of the technology company's stock after selling 2,024 shares during the quarter. Avior Wealth Management LLC's holdings in International Business Machines were worth $1,469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vision Financial Markets LLC purchased a new stake in shares of International Business Machines during the 4th quarter valued at $31,000. Rialto Wealth Management LLC purchased a new stake in shares of International Business Machines during the 4th quarter valued at $35,000. Tacita Capital Inc raised its position 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 valued at $42,000 after buying an additional 122 shares in the last quarter. Measured Risk Portfolios Inc. purchased a new stake in shares of International Business Machines during the 4th quarter valued at $43,000. Finally, Park Square Financial Group LLC purchased a new stake in shares of International Business Machines during the 4th quarter valued at $43,000. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Price Performance

Shares of International Business Machines stock opened at $280.67 on Friday. The firm has a market cap of $260.85 billion, a PE ratio of 48.31, a price-to-earnings-growth ratio of 5.95 and a beta of 0.66. International Business Machines Corporation has a 12-month low of $170.41 and a 12-month high of $286.91. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 2.09. The company's fifty day simple moving average is $257.71 and its two-hundred day simple moving average is $245.55.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.42 by $0.18. The business had revenue of $14.54 billion for the quarter, compared to analyst estimates of $14.41 billion. International Business Machines had a net margin of 8.71% and a return on equity of 37.43%. The company's revenue was up .5% on a year-over-year basis. During the same quarter last year, the firm earned $1.68 EPS. As a group, equities analysts expect that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were issued a $1.68 dividend. This represents a $6.72 dividend on an annualized basis 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 (DPR) is 115.66%.

Analysts Set New Price Targets

Several research firms have recently weighed in on IBM. UBS Group restated a "sell" rating and set a $170.00 price objective (up previously from $160.00) on shares of International Business Machines in a research report on Wednesday, April 23rd. Royal Bank Of Canada raised their price objective on shares of International Business Machines from $276.00 to $285.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. Jefferies Financial Group restated a "hold" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Citigroup reaffirmed an "outperform" rating on shares of International Business Machines in a report on Saturday, May 10th. Finally, Morgan Stanley reduced their target price on shares of International Business Machines from $237.00 to $233.00 and set an "equal weight" rating on the stock 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 issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, International Business Machines currently has a consensus rating of "Hold" and a consensus target price of $253.75.

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.

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