International Business Machines Corporation (NYSE:IBM) Holdings Cut by Astoria Portfolio Advisors LLC.

Astoria Portfolio Advisors LLC. reduced its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 57.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,238 shares of the technology company's stock after selling 1,703 shares during the period. Astoria Portfolio Advisors LLC.'s holdings in International Business Machines were worth $304,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Capital World Investors boosted its stake in International Business Machines by 413.5% during the fourth quarter. Capital World Investors now owns 11,984,609 shares of the technology company's stock valued at $2,634,577,000 after buying an additional 9,650,534 shares during the last quarter. Norges Bank bought a new position in International Business Machines in the 4th quarter worth about $1,236,176,000. GAMMA Investing LLC increased its holdings in International Business Machines by 29,564.2% during the 1st quarter. GAMMA Investing LLC now owns 4,399,790 shares of the technology company's stock worth $10,940,520,000 after purchasing an additional 4,384,958 shares during the period. Raymond James Financial Inc. purchased a new position in International Business Machines during the 4th quarter valued at about $592,746,000. Finally, Northern Trust Corp raised its holdings in shares of International Business Machines by 18.6% in the 4th quarter. Northern Trust Corp now owns 10,845,993 shares of the technology company's stock valued at $2,384,275,000 after purchasing an additional 1,704,209 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

IBM has been the topic of a number of recent research reports. Wedbush increased their price objective on shares of International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a research note on Friday, June 20th. Erste Group Bank upgraded International Business Machines from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Royal Bank Of Canada upped their price objective on International Business Machines from $276.00 to $285.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Wall Street Zen lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Finally, 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 research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, International Business Machines presently has a consensus rating of "Hold" and a consensus target price of $257.50.

International Business Machines Trading Down 1.2%

IBM stock traded down $3.41 during midday trading on Wednesday, hitting $287.79. The stock had a trading volume of 3,256,085 shares, compared to its average volume of 4,216,933. The company's 50-day moving average price is $265.09 and its 200 day moving average price is $248.52. 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 market cap of $267.47 billion, a PE ratio of 49.53, a price-to-earnings-growth ratio of 6.19 and a beta of 0.69. International Business Machines Corporation has a 12-month low of $173.95 and a 12-month high of $296.16.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.18. The business had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. International Business Machines had a return on equity of 37.43% and a net margin of 8.71%. The business's revenue for the quarter was up .5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.68 EPS. On average, equities research analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal 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 $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.34%. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's payout ratio is currently 115.66%.

International Business Machines Company 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.