International Business Machines Co. (NYSE:IBM) Shares Sold by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC trimmed its stake in International Business Machines Co. (NYSE:IBM - Free Report) by 89.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,010 shares of the technology company's stock after selling 41,135 shares during the period. Gilman Hill Asset Management LLC's holdings in International Business Machines were worth $1,246,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Compass Financial Services Inc purchased a new position in International Business Machines during the 4th quarter worth approximately $26,000. Vision Financial Markets LLC acquired a new stake in shares of International Business Machines in the fourth quarter valued at approximately $31,000. Rialto Wealth Management LLC purchased a new position in International Business Machines during the 4th quarter worth $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 worth $42,000 after buying an additional 122 shares during the last quarter. Finally, Measured Risk Portfolios Inc. acquired a new position in shares of International Business Machines in the fourth quarter valued at approximately $43,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Trading Up 0.8%

Shares of IBM traded up $2.09 during mid-day trading on Friday, hitting $268.95. The company had a trading volume of 2,494,389 shares, compared to its average volume of 4,207,873. International Business Machines Co. has a 1-year low of $166.80 and a 1-year high of $270.12. The business's 50-day simple moving average is $247.80 and its 200-day simple moving average is $241.38. The stock has a market cap of $249.96 billion, a PE ratio of 41.96, a P/E/G ratio of 5.81 and a beta of 0.64. 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 (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 analysts' consensus estimates 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 firm had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. During the same quarter in the prior year, the company earned $1.68 EPS. The company's revenue was up .5% on a year-over-year basis. Sell-side analysts forecast that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th will be given a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.50%. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio is presently 115.66%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. BMO Capital Markets restated a "market perform" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Oppenheimer began coverage on International Business Machines in a report on Tuesday, February 11th. They issued an "outperform" rating and a $320.00 price target for the company. Erste Group Bank upgraded International Business Machines from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. UBS Group restated a "sell" rating and set a $170.00 target price (up from $160.00) on shares of International Business Machines in a research report on Wednesday, April 23rd. Finally, KGI Securities set a $242.00 price target on shares of International Business Machines and gave the company a "hold" rating in a report on Thursday, April 24th. One equities 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $249.06.

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.