CapWealth Advisors LLC Sells 9,462 Shares of International Business Machines Corporation (NYSE:IBM)

CapWealth Advisors LLC decreased its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 6.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 132,284 shares of the technology company's stock after selling 9,462 shares during the period. International Business Machines comprises approximately 3.6% of CapWealth Advisors LLC's investment portfolio, making the stock its 6th biggest holding. CapWealth Advisors LLC's holdings in International Business Machines were worth $32,894,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of IBM. Capital World Investors increased its position in shares of International Business Machines by 413.5% during the fourth quarter. Capital World Investors now owns 11,984,609 shares of the technology company's stock worth $2,634,577,000 after purchasing an additional 9,650,534 shares in the last quarter. Norges Bank purchased a new stake in shares of International Business Machines during the fourth quarter valued at $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 valued at $10,940,520,000 after buying an additional 4,384,958 shares during the last quarter. Northern Trust Corp grew its holdings 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 buying an additional 1,704,209 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of International Business Machines by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 91,839,252 shares of the technology company's stock valued at $20,189,023,000 after buying an additional 1,539,888 shares during the last quarter. Institutional investors own 58.96% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on IBM shares. Wedbush boosted their price objective on shares of International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a report on Friday, June 20th. KGI Securities set a $242.00 price target on shares of International Business Machines and gave the company a "hold" rating in a report on Thursday, April 24th. Jefferies Financial Group reaffirmed a "hold" rating on shares of International Business Machines in a report on Wednesday, April 23rd. The Goldman Sachs Group upped their price target on shares of International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Finally, UBS Group reaffirmed a "sell" rating and issued a $195.00 price target (up from $170.00) on shares of International Business Machines in a report on Wednesday. One analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $259.06.

International Business Machines Stock Down 0.2%

Shares of IBM stock traded down $0.66 during trading on Wednesday, hitting $289.77. 747,764 shares of the company were exchanged, compared to its average volume of 4,509,669. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.97 and a current ratio of 1.01. The firm has a market capitalization of $269.31 billion, a price-to-earnings ratio of 49.87, a P/E/G ratio of 6.14 and a beta of 0.69. The business's 50-day simple moving average is $270.51 and its 200 day simple moving average is $250.80. International Business Machines Corporation has a twelve month low of $174.45 and a twelve month high of $296.16.

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

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were issued a dividend of $1.68 per share. This is an increase from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a dividend yield of 2.32%. International Business Machines's dividend payout ratio is currently 115.66%.

International Business Machines Company 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.