Guardian Investment Management Has $373,000 Holdings in International Business Machines Corporation (NYSE:IBM)

Guardian Investment Management lessened its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 37.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,500 shares of the technology company's stock after selling 900 shares during the quarter. Guardian Investment Management's holdings in International Business Machines were worth $373,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vision Financial Markets LLC bought a new position in shares of International Business Machines during the 4th quarter valued at about $31,000. Rialto Wealth Management LLC acquired a new position in International Business Machines during the 4th quarter worth approximately $35,000. Tacita Capital Inc grew its position in International Business Machines by 174.3% in the fourth 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 during the 4th quarter worth about $43,000. Finally, Park Square Financial Group LLC acquired a new position in shares of International Business Machines during the 4th quarter worth about $43,000. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Price Performance

Shares of IBM stock traded down $3.51 during trading on Tuesday, hitting $291.27. The company had a trading volume of 3,271,929 shares, compared to its average volume of 4,217,188. The firm has a market capitalization of $270.71 billion, a P/E ratio of 50.13, a price-to-earnings-growth ratio of 6.08 and a beta of 0.66. International Business Machines Corporation has a one year low of $173.38 and a one year high of $296.16. 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 stock's 50-day moving average price is $264.09 and its 200 day moving average price is $248.22.

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

International Business Machines Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were paid 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 yield of 2.31%. International Business Machines's payout ratio is presently 115.66%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Jefferies Financial Group reissued a "hold" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. KGI Securities set a $242.00 price objective on International Business Machines and gave the company a "hold" rating in a report on Thursday, April 24th. Morgan Stanley cut their target price on shares of International Business Machines from $237.00 to $233.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Wedbush raised their price target on International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a report on Friday, June 20th. Finally, UBS Group reissued a "sell" rating and issued a $170.00 price objective (up from $160.00) on shares of International Business Machines in a research report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $253.75.

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.