Fourth Dimension Wealth LLC Sells 887 Shares of International Business Machines Corporation (NYSE:IBM)

Fourth Dimension Wealth LLC lessened its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 57.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 668 shares of the technology company's stock after selling 887 shares during the period. Fourth Dimension Wealth LLC's holdings in International Business Machines were worth $166,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of IBM. Vision Financial Markets LLC purchased a new position in International Business Machines during the fourth quarter worth about $31,000. Rialto Wealth Management LLC bought a new stake in shares of International Business Machines during the 4th quarter valued at about $35,000. Tacita Capital Inc grew 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 worth $42,000 after purchasing an additional 122 shares in the last quarter. Park Square Financial Group LLC bought a new position in shares of International Business Machines in the fourth quarter worth approximately $43,000. Finally, Measured Risk Portfolios Inc. purchased a new stake in International Business Machines in the fourth quarter valued at approximately $43,000. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Trading Down 0.8%

Shares of IBM stock traded down $2.41 during mid-day trading on Wednesday, reaching $291.38. The stock had a trading volume of 3,859,560 shares, compared to its average volume of 4,217,322. The firm has a market capitalization of $270.81 billion, a PE ratio of 50.15, a price-to-earnings-growth ratio of 6.07 and a beta of 0.66. The stock's 50-day moving average price is $259.78 and its two-hundred day moving average price is $246.40. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 2.09. International Business Machines Corporation has a 52-week low of $170.41 and a 52-week high of $296.07.

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

International Business Machines Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were issued a $1.68 dividend. This represents a $6.72 annualized dividend and a yield of 2.31%. This is a boost from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's payout ratio is 115.66%.

Analyst Ratings Changes

A number of equities analysts have commented on IBM shares. Jefferies Financial Group reissued a "hold" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. BMO Capital Markets restated a "market perform" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. KGI Securities set a $242.00 price target on International Business Machines and gave the stock a "hold" rating in a research note on Thursday, April 24th. Morgan Stanley reduced their price objective 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. Finally, Erste Group Bank upgraded International Business Machines from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $253.75.

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.