First Hawaiian Bank Lowers Stock Holdings in International Business Machines Co. (NYSE:IBM)

First Hawaiian Bank trimmed its position in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 9.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,273 shares of the technology company's stock after selling 1,449 shares during the period. First Hawaiian Bank's holdings in International Business Machines were worth $3,549,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of IBM. Marotta Asset Management lifted its holdings in shares of International Business Machines by 6.6% in the 1st quarter. Marotta Asset Management now owns 1,660 shares of the technology company's stock valued at $413,000 after acquiring an additional 103 shares during the last quarter. Neville Rodie & Shaw Inc. raised its position in International Business Machines by 0.5% during the first quarter. Neville Rodie & Shaw Inc. now owns 54,305 shares of the technology company's stock valued at $13,504,000 after purchasing an additional 294 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in shares of International Business Machines by 0.8% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 8,795 shares of the technology company's stock valued at $2,187,000 after purchasing an additional 70 shares during the last quarter. Milestone Asset Management Group LLC purchased a new position in shares of International Business Machines in the 4th quarter worth approximately $368,000. Finally, Wellington Management Group LLP increased its position in shares of International Business Machines by 1.4% during the 4th quarter. Wellington Management Group LLP now owns 231,021 shares of the technology company's stock valued at $50,785,000 after purchasing an additional 3,206 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

Insider Transactions at International Business Machines

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $253.01, for a total value of $6,715,644.43. Following the completion of the sale, the senior vice president now directly owns 45,007 shares in the company, valued at approximately $11,387,221.07. This trade represents a 37.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.18% of the company's stock.

International Business Machines Trading Up 0.1%

IBM traded up $0.19 during trading on Friday, hitting $258.88. 9,667,740 shares of the stock were exchanged, compared to its average volume of 4,222,999. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The firm has a 50 day simple moving average of $246.37 and a 200 day simple moving average of $240.23. The firm has a market cap of $240.60 billion, a price-to-earnings ratio of 40.39, a P/E/G ratio of 5.81 and a beta of 0.64. International Business Machines Co. has a 1 year low of $163.53 and a 1 year high of $269.28.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly 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. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The firm had revenue of $14.54 billion for the quarter, compared to analyst estimates of $14.41 billion. During the same quarter last year, the firm posted $1.68 earnings per share. The business's revenue for the quarter was up .5% on a year-over-year basis. As a group, equities analysts expect that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be issued a $1.68 dividend. This is an increase from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.60%. International Business Machines's dividend payout ratio (DPR) is currently 115.66%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Wall Street Zen downgraded International Business Machines from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Erste Group Bank upgraded shares of International Business Machines from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Citigroup reaffirmed an "outperform" rating on shares of International Business Machines in a research note on Saturday, May 10th. Royal Bank of Canada increased their price objective on shares of International Business Machines from $276.00 to $285.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Finally, Jefferies Financial Group reissued a "hold" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. One investment 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. Based on data from MarketBeat, International Business Machines presently has a consensus rating of "Hold" and a consensus price target of $249.06.

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.