Integrated Investment Consultants LLC Decreases Stake in International Business Machines Corporation (NYSE:IBM)

Key Points

• Integrated Investment Consultants LLC reduced its holdings in IBM by 79.2%, selling 22,326 shares and ending with 5,871 shares valued at approximately $1.46 million.
• IBM's latest earnings showed a profit of $2.80 EPS, surpassing the expected $2.65, with revenue of $16.98 billion, a year-over-year increase of 7.7%.
• The company announced a quarterly dividend increase from $1.67 to $1.68 per share, representing an annualized yield of 2.59% with a payout ratio of 109.09%.

Integrated Investment Consultants LLC trimmed its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 79.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,871 shares of the technology company's stock after selling 22,326 shares during the period. Integrated Investment Consultants LLC's holdings in International Business Machines were worth $1,460,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Wealth Dimensions Group Ltd. lifted its stake in shares of International Business Machines by 1.0% in the fourth quarter. Wealth Dimensions Group Ltd. now owns 3,972 shares of the technology company's stock worth $873,000 after buying an additional 40 shares in the last quarter. Pallas Capital Advisors LLC lifted its stake in shares of International Business Machines by 0.9% in the first quarter. Pallas Capital Advisors LLC now owns 4,805 shares of the technology company's stock worth $1,195,000 after buying an additional 42 shares in the last quarter. DMC Group LLC lifted its stake in shares of International Business Machines by 1.2% in the first quarter. DMC Group LLC now owns 3,517 shares of the technology company's stock worth $875,000 after buying an additional 42 shares in the last quarter. Titleist Asset Management LLC lifted its stake in shares of International Business Machines by 3.1% in the fourth quarter. Titleist Asset Management LLC now owns 1,431 shares of the technology company's stock worth $315,000 after buying an additional 43 shares in the last quarter. Finally, Range Financial Group LLC lifted its stake in shares of International Business Machines by 0.6% in the first quarter. Range Financial Group LLC now owns 7,350 shares of the technology company's stock worth $1,828,000 after buying an additional 43 shares in the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Stock Down 0.5%

Shares of IBM stock traded down $1.28 during trading on Tuesday, reaching $261.93. The company's stock had a trading volume of 1,710,960 shares, compared to its average volume of 4,621,756. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. The company has a market capitalization of $243.44 billion, a price-to-earnings ratio of 42.52, a P/E/G ratio of 4.01 and a beta of 0.69. The stock's 50-day moving average price is $277.59 and its 200 day moving average price is $256.57. International Business Machines Corporation has a 1-year low of $181.81 and a 1-year high of $296.16.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, beating analysts' consensus estimates of $2.65 by $0.15. The firm had revenue of $16.98 billion during the quarter, compared to analysts' expectations of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The business's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.43 earnings per share. On average, research analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current year.

Analyst Ratings Changes

IBM has been the topic of several research reports. Citigroup reissued an "outperform" rating on shares of International Business Machines in a research note on Saturday, May 10th. UBS Group raised their price objective on shares of International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a research report on Thursday, July 24th. Stifel Nicolaus raised their price objective on shares of International Business Machines from $290.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Melius Research upgraded shares of International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. Finally, Wedbush raised their price objective on shares of International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a research report on Friday, June 20th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $268.75.

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.