Daymark Wealth Partners LLC Sells 1,327 Shares of International Business Machines Co. (NYSE:IBM)

Daymark Wealth Partners LLC lessened its holdings in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 0.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 207,393 shares of the technology company's stock after selling 1,327 shares during the quarter. International Business Machines makes up 1.8% of Daymark Wealth Partners LLC's portfolio, making the stock its 13th biggest position. Daymark Wealth Partners LLC's holdings in International Business Machines were worth $51,570,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Compass Financial Services Inc bought a new position in shares of International Business Machines during the fourth quarter valued at approximately $26,000. Vision Financial Markets LLC bought a new position in shares of International Business Machines during the fourth quarter valued at approximately $31,000. Rialto Wealth Management LLC bought a new position in shares of International Business Machines during the fourth quarter valued at approximately $35,000. Tacita Capital Inc raised its holdings in shares of International Business Machines by 174.3% during the fourth quarter. Tacita Capital Inc now owns 192 shares of the technology company's stock valued at $42,000 after acquiring an additional 122 shares in the last quarter. Finally, Park Square Financial Group LLC bought a new position in shares of International Business Machines during the fourth quarter valued at approximately $43,000. Institutional investors own 58.96% of the company's stock.

International Business Machines Trading Up 0.8%

NYSE IBM opened at $268.95 on Monday. International Business Machines Co. has a 12 month low of $166.81 and a 12 month high of $270.17. The stock has a market cap of $249.96 billion, a P/E ratio of 41.96, a P/E/G ratio of 5.81 and a beta of 0.66. The stock's fifty day moving average price is $248.17 and its 200-day moving average price is $242.11. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82.

International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, topping 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 firm had revenue of $14.54 billion for the quarter, compared to analysts' expectations of $14.41 billion. During the same period in the prior year, the firm posted $1.68 earnings per share. The company's quarterly revenue was up .5% on a year-over-year basis. As a group, equities analysts forecast that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 9th will be given a dividend of $1.68 per share. This is a boost from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a dividend yield of 2.50%. International Business Machines's dividend payout ratio (DPR) is 115.66%.

Wall Street Analysts Forecast Growth

IBM has been the subject of a number of recent analyst reports. KGI Securities set a $242.00 target price on International Business Machines and gave the company a "hold" rating in a report on Thursday, April 24th. BMO Capital Markets reiterated a "market perform" rating on shares of International Business Machines in a report on Wednesday, April 23rd. UBS Group reiterated a "sell" rating and issued a $170.00 price objective (up previously from $160.00) on shares of International Business Machines in a report on Wednesday, April 23rd. Morgan Stanley decreased their price objective on International Business Machines from $237.00 to $233.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Finally, Wedbush reiterated an "outperform" rating and issued a $300.00 price objective on shares of International Business Machines in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $249.06.

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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