Capital Advisors Inc. OK Sells 60,333 Shares of International Business Machines Corporation (NYSE:IBM)

Capital Advisors Inc. OK trimmed its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 21.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 221,558 shares of the technology company's stock after selling 60,333 shares during the quarter. Capital Advisors Inc. OK's holdings in International Business Machines were worth $55,093,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IBM. Rialto Wealth Management LLC purchased a new position in shares of International Business Machines during the 4th quarter worth approximately $35,000. Measured Risk Portfolios Inc. purchased a new stake in shares of International Business Machines during the fourth quarter valued at approximately $43,000. Park Square Financial Group LLC bought a new stake in shares of International Business Machines during the fourth quarter valued at approximately $43,000. Mascagni Wealth Management Inc. bought a new stake in shares of International Business Machines during the fourth quarter valued at approximately $43,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of International Business Machines in the first quarter worth $45,000. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Trading Up 0.1%

IBM stock traded up $0.38 during midday trading on Monday, reaching $292.35. The company's stock had a trading volume of 4,486,500 shares, compared to its average volume of 4,232,691. International Business Machines Corporation has a 1 year low of $174.45 and a 1 year high of $296.16. The firm has a market capitalization of $271.71 billion, a price-to-earnings ratio of 50.32, a PEG ratio of 6.13 and a beta of 0.69. The stock has a fifty day simple moving average of $268.36 and a two-hundred day simple moving average of $250.04. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.97 and a current ratio of 1.01.

International Business Machines (NYSE:IBM - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.18. International Business Machines had a net margin of 8.71% and a return on equity of 37.43%. The business had revenue of $14.54 billion for the quarter, compared to the consensus estimate of $14.41 billion. During the same period in the prior year, the firm earned $1.68 EPS. The company's revenue for the quarter was up .5% compared to the same quarter last year. On average, equities research analysts predict that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were issued a dividend of $1.68 per share. This is an increase from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a yield of 2.30%. International Business Machines's dividend payout ratio (DPR) is presently 115.66%.

Wall Street Analysts Forecast Growth

IBM has been the subject of several research reports. Morgan Stanley decreased their price objective on shares of International Business Machines from $237.00 to $233.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Royal Bank Of Canada raised their target price on shares of International Business Machines from $276.00 to $285.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Citigroup reaffirmed an "outperform" rating on shares of International Business Machines in a research note on Saturday, May 10th. Wall Street Zen cut shares of International Business Machines from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Finally, Wedbush upped their price objective on International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a report on Friday, June 20th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, International Business Machines presently has a consensus rating of "Hold" and a consensus target price of $257.50.

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.