Financial Sense Advisors Inc. Sells 20,210 Shares of International Business Machines Corporation (NYSE:IBM)

Financial Sense Advisors Inc. reduced its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 85.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,353 shares of the technology company's stock after selling 20,210 shares during the quarter. Financial Sense Advisors Inc.'s holdings in International Business Machines were worth $834,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Christopher J. Hasenberg Inc acquired a new stake in shares of International Business Machines in the first quarter valued at about $27,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of International Business Machines in the first quarter valued at about $45,000. Park Square Financial Group LLC acquired a new stake in shares of International Business Machines in the fourth quarter valued at about $43,000. Park Place Capital Corp grew 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 valued at $48,000 after purchasing an additional 58 shares during the last quarter. Finally, Measured Risk Portfolios Inc. acquired a new stake in shares of International Business Machines in the fourth quarter valued at about $43,000. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Price Performance

IBM traded down $22.99 during midday trading on Thursday, reaching $259.02. 19,351,948 shares of the company's stock were exchanged, compared to its average volume of 4,589,188. The firm has a market capitalization of $240.73 billion, a price-to-earnings ratio of 44.52, a price-to-earnings-growth ratio of 6.01 and a beta of 0.69. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 2.09. International Business Machines Corporation has a one year low of $181.81 and a one year high of $296.16. The business has a 50-day simple moving average of $277.95 and a two-hundred day simple moving average of $255.30.

International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.65 by $0.15. International Business Machines had a net margin of 8.71% and a return on equity of 37.43%. The company had revenue of $16.98 billion during the quarter, compared to analysts' expectations of $16.58 billion. During the same quarter in the previous year, the company posted $2.43 earnings per share. International Business Machines's quarterly revenue was up 7.7% compared to the same quarter last year. As a group, research analysts predict that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were paid a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.59%. This is a boost from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's payout ratio is 115.66%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on IBM. Morgan Stanley lowered 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. Bank of America reduced their target price on shares of International Business Machines from $320.00 to $310.00 and set a "buy" rating for the company in a research note on Thursday. Stifel Nicolaus increased their target price on shares of International Business Machines from $290.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. BMO Capital Markets increased their target price on shares of International Business Machines from $260.00 to $300.00 and gave the company a "market perform" rating in a research note on Friday, July 18th. Finally, The Goldman Sachs Group increased their target price on shares of International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, International Business Machines has an average rating of "Moderate Buy" and a consensus price target of $268.75.

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.