Buffington Mohr McNeal lessened its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 57.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,063 shares of the technology company's stock after selling 1,420 shares during the quarter. Buffington Mohr McNeal's holdings in International Business Machines were worth $264,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Vision Financial Markets LLC purchased a new position in shares of International Business Machines during the 4th quarter worth $31,000. Rialto Wealth Management LLC acquired a new position in shares of International Business Machines during the 4th quarter valued at about $35,000. Park Square Financial Group LLC purchased a new position in shares of International Business Machines during the 4th quarter worth about $43,000. Park Place Capital Corp boosted its position in shares of International Business Machines by 42.6% in the first quarter. Park Place Capital Corp now owns 194 shares of the technology company's stock worth $48,000 after acquiring an additional 58 shares during the last quarter. Finally, Measured Risk Portfolios Inc. purchased a new stake in International Business Machines in the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 58.96% of the company's stock.
International Business Machines Stock Performance
IBM traded up $4.01 during trading hours on Friday, hitting $291.66. 1,853,289 shares of the stock were exchanged, compared to its average volume of 4,223,087. The stock has a market cap of $271.06 billion, a price-to-earnings ratio of 50.20, a price-to-earnings-growth ratio of 6.04 and a beta of 0.69. The stock has a 50-day simple moving average of $267.18 and a 200-day simple moving average of $249.22. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.01 and a quick ratio of 0.97. International Business Machines Corporation has a 12 month low of $173.95 and a 12 month high of $296.16.
International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.18. International Business Machines had a net margin of 8.71% and a return on equity of 37.43%. The firm had revenue of $14.54 billion for the quarter, compared to analyst estimates of $14.41 billion. During the same quarter in the prior year, the business earned $1.68 earnings per share. International Business Machines's quarterly revenue was up .5% on a year-over-year basis. Analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current year.
International Business Machines Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were given a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a yield of 2.30%. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's payout ratio is currently 115.66%.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on IBM. The Goldman Sachs Group increased their price target on shares of International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a research note on Wednesday. Royal Bank Of Canada increased their target price on International Business Machines from $276.00 to $285.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Jefferies Financial Group reissued a "hold" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. KGI Securities set a $242.00 price objective on International Business Machines and gave the stock a "hold" rating in a report on Thursday, April 24th. Finally, Wedbush increased their target price on shares of International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a research report on Friday, June 20th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $257.50.
Check Out Our Latest Analysis on International Business Machines
International Business Machines Profile
(
Free Report)
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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