HFG Advisors Inc. Trims Position in International Business Machines Corporation (NYSE:IBM)

HFG Advisors Inc. cut its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 65.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 931 shares of the technology company's stock after selling 1,796 shares during the quarter. HFG Advisors Inc.'s holdings in International Business Machines were worth $232,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of IBM. Vanguard Group Inc. grew its stake in shares of International Business Machines by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 91,839,252 shares of the technology company's stock worth $20,189,023,000 after purchasing an additional 1,539,888 shares during the period. Geode Capital Management LLC grew its stake in shares of International Business Machines by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 20,909,646 shares of the technology company's stock worth $4,589,145,000 after purchasing an additional 427,499 shares during the period. Capital World Investors grew its stake in shares of International Business Machines by 413.5% during the 4th quarter. Capital World Investors now owns 11,984,609 shares of the technology company's stock worth $2,634,577,000 after purchasing an additional 9,650,534 shares during the period. Northern Trust Corp grew its stake in shares of International Business Machines by 18.6% during the 4th quarter. Northern Trust Corp now owns 10,845,993 shares of the technology company's stock worth $2,384,275,000 after purchasing an additional 1,704,209 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in International Business Machines by 9.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,112,092 shares of the technology company's stock valued at $1,783,281,000 after acquiring an additional 722,582 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Stock Performance

Shares of International Business Machines stock opened at $282.96 on Wednesday. International Business Machines Corporation has a one year low of $168.38 and a one year high of $285.26. The company has a market cap of $262.98 billion, a PE ratio of 48.70, a P/E/G ratio of 5.92 and a beta of 0.66. 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 business has a 50-day simple moving average of $254.78 and a 200-day simple moving average of $244.55.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data 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 37.43% and a net margin of 8.71%. The business had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. During the same period in the previous year, the company posted $1.68 earnings per share. The business's revenue for the quarter was up .5% on a year-over-year basis. On average, equities research analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The firm 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 dividend on an annualized basis and a yield of 2.37%. This is an increase from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio is 115.66%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on IBM shares. Morgan Stanley dropped their price target on shares of International Business Machines from $237.00 to $233.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Wedbush reaffirmed an "outperform" rating and set a $300.00 target price on shares of International Business Machines in a research note on Wednesday, May 7th. Bank of America lifted their target price on shares of International Business Machines from $270.00 to $290.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. BMO Capital Markets reaffirmed a "market perform" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Finally, Wall Street Zen cut shares of International Business Machines from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. One 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 given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $250.31.

International Business Machines 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.

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