Birch Hill Investment Advisors LLC Sells 7,546 Shares of International Business Machines Corporation (NYSE:IBM)

Birch Hill Investment Advisors LLC reduced its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 2.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 272,827 shares of the technology company's stock after selling 7,546 shares during the quarter. International Business Machines comprises 3.2% of Birch Hill Investment Advisors LLC's holdings, making the stock its 11th biggest position. Birch Hill Investment Advisors LLC's holdings in International Business Machines were worth $67,841,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JBR Co Financial Management Inc raised its holdings in International Business Machines by 0.6% during the 4th quarter. JBR Co Financial Management Inc now owns 6,390 shares of the technology company's stock worth $1,405,000 after purchasing an additional 40 shares during the last quarter. Wealth Dimensions Group Ltd. increased its stake in shares of International Business Machines by 1.0% in the 4th quarter. Wealth Dimensions Group Ltd. now owns 3,972 shares of the technology company's stock valued at $873,000 after acquiring an additional 40 shares during the last quarter. Pallas Capital Advisors LLC increased its stake in shares of International Business Machines by 0.9% in the 1st quarter. Pallas Capital Advisors LLC now owns 4,805 shares of the technology company's stock valued at $1,195,000 after acquiring an additional 42 shares during the last quarter. Schechter Investment Advisors LLC increased its stake in shares of International Business Machines by 0.7% in the 4th quarter. Schechter Investment Advisors LLC now owns 6,351 shares of the technology company's stock valued at $1,396,000 after acquiring an additional 43 shares during the last quarter. Finally, Titleist Asset Management LLC increased its stake in shares of International Business Machines by 3.1% in the 4th quarter. Titleist Asset Management LLC now owns 1,431 shares of the technology company's stock valued at $315,000 after acquiring an additional 43 shares during the last quarter. 58.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on IBM shares. Jefferies Financial Group reaffirmed a "hold" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. BMO Capital Markets reaffirmed a "market perform" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Wedbush reaffirmed an "outperform" rating and issued a $300.00 price target on shares of International Business Machines in a research note on Wednesday, May 7th. Morgan Stanley lowered their price target on 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. Finally, UBS Group reiterated 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 research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $252.19.

International Business Machines Stock Up 0.0%

NYSE:IBM traded up $0.10 during trading hours on Thursday, reaching $283.15. 3,531,800 shares of the stock were exchanged, compared to its average volume of 4,234,994. International Business Machines Corporation has a twelve month low of $170.41 and a twelve month high of $286.91. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.01 and a quick ratio of 0.97. The firm has a 50 day moving average of $256.81 and a 200 day moving average of $245.20. The stock has a market cap of $263.16 billion, a PE ratio of 48.74, a PEG ratio of 5.95 and a beta of 0.66.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (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 company had revenue of $14.54 billion for the quarter, compared to analysts' expectations of $14.41 billion. During the same quarter in the prior year, the business posted $1.68 EPS. The business's revenue was up .5% compared to the same quarter last year. On average, equities analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were paid a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.37%. This is a boost from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio is currently 115.66%.

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.