Baldwin Wealth Partners LLC MA Lowers Holdings in International Business Machines Co. (NYSE:IBM)

Baldwin Wealth Partners LLC MA lessened its holdings in International Business Machines Co. (NYSE:IBM - Free Report) by 3.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 84,501 shares of the technology company's stock after selling 2,655 shares during the quarter. International Business Machines accounts for approximately 1.5% of Baldwin Wealth Partners LLC MA's investment portfolio, making the stock its 18th biggest position. Baldwin Wealth Partners LLC MA's holdings in International Business Machines were worth $21,012,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of IBM. Capital World Investors increased its position in International Business Machines by 413.5% during the 4th quarter. Capital World Investors now owns 11,984,609 shares of the technology company's stock valued at $2,634,577,000 after purchasing an additional 9,650,534 shares during the period. Norges Bank bought a new stake in shares of International Business Machines during the fourth quarter valued at about $1,236,176,000. GAMMA Investing LLC grew its holdings in shares of International Business Machines by 29,564.2% during the first quarter. GAMMA Investing LLC now owns 4,399,790 shares of the technology company's stock worth $10,940,520,000 after purchasing an additional 4,384,958 shares in the last quarter. Raymond James Financial Inc. bought a new position in International Business Machines during the fourth quarter valued at approximately $592,746,000. Finally, Northern Trust Corp boosted its stake in shares of International Business Machines by 18.6% during the fourth quarter. Northern Trust Corp now owns 10,845,993 shares of the technology company's stock valued at $2,384,275,000 after purchasing an additional 1,704,209 shares during the period. Institutional investors own 58.96% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Royal Bank of Canada raised their price objective on International Business Machines from $276.00 to $285.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. KGI Securities set a $242.00 price target on International Business Machines and gave the company a "hold" rating in a research note on Thursday, April 24th. Jefferies Financial Group restated a "hold" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Erste Group Bank raised International Business Machines from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Finally, BMO Capital Markets reissued a "market perform" rating on shares of International Business Machines in a report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $250.31.

International Business Machines Stock Performance

IBM stock traded up $5.37 during mid-day trading on Wednesday, hitting $281.61. 4,647,195 shares of the company were exchanged, compared to its average volume of 4,232,999. The business has a 50 day simple moving average of $250.36 and a 200-day simple moving average of $242.96. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The stock 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. International Business Machines Co. has a 1-year low of $167.23 and a 1-year high of $282.27.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data 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 net margin of 9.60% and a return on equity of 38.99%. The business had revenue of $14.54 billion for the quarter, compared to analysts' expectations of $14.41 billion. During the same period last year, the firm posted $1.68 earnings per share. The firm's quarterly revenue was up .5% compared to the same quarter last year. On average, equities analysts forecast that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were issued a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend 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 currently 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.