International Business Machines Co. (NYSE:IBM) Holdings Decreased by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA reduced its position in International Business Machines Co. (NYSE:IBM - Free Report) by 1.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,737 shares of the technology company's stock after selling 1,590 shares during the period. Compagnie Lombard Odier SCmA's holdings in International Business Machines were worth $24,552,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. 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 shares of International Business Machines in the 4th quarter valued at about $35,000. Tacita Capital Inc lifted its stake in shares of International Business Machines by 174.3% in the 4th quarter. Tacita Capital Inc now owns 192 shares of the technology company's stock valued at $42,000 after purchasing an additional 122 shares in the last quarter. Measured Risk Portfolios Inc. acquired a new position in shares of International Business Machines in the 4th quarter valued at about $43,000. Finally, Park Square Financial Group LLC acquired a new position in shares of International Business Machines in the 4th quarter valued at about $43,000. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Stock Down 1.5%

Shares of IBM traded down $4.20 during trading on Friday, reaching $276.84. The company's stock had a trading volume of 3,242,911 shares, compared to its average volume of 4,237,292. The company has a fifty day moving average of $252.60 and a two-hundred day moving average of $243.90. International Business Machines Co. has a twelve month low of $167.50 and a twelve month high of $283.06. The company has a market cap of $257.29 billion, a price-to-earnings ratio of 43.19, a P/E/G ratio of 5.81 and a beta of 0.66. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82.

International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results 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 return on equity of 38.99% and a net margin of 9.60%. The company had revenue of $14.54 billion for the quarter, compared to analyst estimates of $14.41 billion. During the same period in the prior year, the company posted $1.68 EPS. International Business Machines's quarterly revenue was up .5% on a year-over-year basis. On average, sell-side analysts predict that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders 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 2.43%. This is an increase from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's payout ratio is 115.66%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Bank of America lifted their price objective on International Business Machines from $270.00 to $290.00 and gave the company a "buy" rating in a research note on Monday, June 9th. Erste Group Bank raised International Business Machines from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Citigroup reissued an "outperform" rating on shares of International Business Machines in a research report on Saturday, May 10th. KGI Securities set a $242.00 price target on International Business Machines and gave the stock a "hold" rating in a research report on Thursday, April 24th. Finally, Morgan Stanley reduced their price target on International Business Machines from $237.00 to $233.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock 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.