Impact Partnership Wealth LLC Lowers Position in International Business Machines Corporation (NYSE:IBM)

Impact Partnership Wealth LLC lessened its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 86.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,411 shares of the technology company's stock after selling 8,898 shares during the period. Impact Partnership Wealth LLC's holdings in International Business Machines were worth $351,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of IBM. MinichMacGregor Wealth Management LLC acquired a new position in shares of International Business Machines in the 1st quarter valued at $396,000. Treasurer of the State of North Carolina increased its position in shares of International Business Machines by 0.8% in the 4th quarter. Treasurer of the State of North Carolina now owns 495,574 shares of the technology company's stock valued at $108,942,000 after acquiring an additional 4,131 shares during the period. Left Brain Wealth Management LLC increased its position in shares of International Business Machines by 1,547.8% in the 1st quarter. Left Brain Wealth Management LLC now owns 17,664 shares of the technology company's stock valued at $4,392,000 after acquiring an additional 16,592 shares during the period. Alpha Cubed Investments LLC increased its position in shares of International Business Machines by 47.0% in the 1st quarter. Alpha Cubed Investments LLC now owns 7,507 shares of the technology company's stock valued at $1,867,000 after acquiring an additional 2,399 shares during the period. Finally, Magnolia Private Wealth LLC acquired a new position in shares of International Business Machines in the 1st quarter valued at $239,000. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines Stock Performance

Shares of NYSE:IBM traded down $2.29 during trading on Tuesday, reaching $282.42. The stock had a trading volume of 2,775,847 shares, compared to its average volume of 4,222,559. International Business Machines Corporation has a 52 week low of $181.81 and a 52 week high of $296.16. The firm has a market capitalization of $262.48 billion, a price-to-earnings ratio of 48.64, a P/E/G ratio of 6.00 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. The stock has a fifty day simple moving average of $276.39 and a two-hundred day simple moving average of $254.50.

International Business Machines (NYSE:IBM - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.42 by $0.18. The company had revenue of $14.54 billion for the quarter, compared to the consensus estimate of $14.41 billion. International Business Machines had a net margin of 8.71% and a return on equity of 37.43%. The firm's revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.68 EPS. As a group, analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share 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. Shareholders of record on Friday, May 9th were issued 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 2.38%. International Business Machines's dividend payout ratio (DPR) is currently 115.66%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Bank of America raised their price target on shares of International Business Machines from $290.00 to $320.00 and gave the company a "buy" rating in a research note on Wednesday, June 18th. The Goldman Sachs Group raised their price target 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. Stifel Nicolaus raised their price target 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. Finally, Melius Research raised shares of International Business Machines to a "strong-buy" rating in a research note on Monday, July 7th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $266.19.

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.