International Business Machines Co. (NYSE:IBM) Shares Sold by Alpha Omega Wealth Management LLC

Alpha Omega Wealth Management LLC decreased its holdings in International Business Machines Co. (NYSE:IBM - Free Report) by 10.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,825 shares of the technology company's stock after selling 4,719 shares during the period. International Business Machines comprises approximately 1.9% of Alpha Omega Wealth Management LLC's investment portfolio, making the stock its 9th biggest holding. Alpha Omega Wealth Management LLC's holdings in International Business Machines were worth $9,903,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Vision Financial Markets LLC acquired a new position in shares of International Business Machines during the fourth quarter worth $31,000. Rialto Wealth Management LLC purchased a new stake in shares of International Business Machines during the fourth quarter valued at $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 valued at $42,000 after buying an additional 122 shares during the last quarter. Measured Risk Portfolios Inc. purchased a new stake in shares of International Business Machines during the fourth quarter valued at $43,000. Finally, Park Square Financial Group LLC purchased a new stake in shares of International Business Machines during the fourth quarter valued at $43,000. Institutional investors own 58.96% of the company's stock.

International Business Machines Price Performance

Shares of IBM stock traded down $4.20 during mid-day trading on Friday, hitting $276.84. 3,242,911 shares of the stock were exchanged, compared to its average volume of 4,231,454. The firm has a fifty day moving average of $252.60 and a 200 day moving average of $243.67. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. International Business Machines Co. has a 52-week low of $167.23 and a 52-week high of $283.06. The company has a market cap of $257.29 billion, a PE ratio of 43.19, a price-to-earnings-growth ratio of 5.81 and a beta of 0.66.

International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.18. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. The business had revenue of $14.54 billion for the quarter, compared to analyst estimates of $14.41 billion. During the same period in the prior year, the company posted $1.68 EPS. The company's revenue for the quarter was up .5% on a year-over-year basis. Research analysts anticipate that International Business Machines Co. will post 10.78 earnings per share for the current 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 given a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a dividend yield of 2.43%. 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%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on IBM shares. Bank of America boosted their price objective on shares of International Business Machines from $270.00 to $290.00 and gave the company a "buy" rating in a report on Monday, June 9th. Jefferies Financial Group reissued a "hold" rating on shares of International Business Machines in a report on Wednesday, April 23rd. Royal Bank of Canada boosted their price objective on shares of International Business Machines from $276.00 to $285.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. Citigroup reissued an "outperform" rating on shares of International Business Machines in a report on Saturday, May 10th. Finally, BMO Capital Markets reaffirmed a "market perform" rating on shares of International Business Machines in a report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, International Business Machines presently has an average 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.