Cwm LLC Decreases Stake in International Business Machines Corporation (NYSE:IBM)

CWM LLC trimmed its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 13.6% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 119,086 shares of the technology company's stock after selling 18,764 shares during the period. CWM LLC's holdings in International Business Machines were worth $29,612,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. MinichMacGregor Wealth Management LLC purchased a new position in shares of International Business Machines in the 1st quarter valued at approximately $396,000. Treasurer of the State of North Carolina lifted its holdings in shares of International Business Machines by 0.8% during the fourth quarter. Treasurer of the State of North Carolina now owns 495,574 shares of the technology company's stock worth $108,942,000 after purchasing an additional 4,131 shares during the period. Alpha Cubed Investments LLC grew its position in International Business Machines by 47.0% in the 1st quarter. Alpha Cubed Investments LLC now owns 7,507 shares of the technology company's stock valued at $1,867,000 after buying an additional 2,399 shares during the last quarter. Mufg Securities Americas Inc. acquired a new position in International Business Machines in the 4th quarter valued at $3,000,000. Finally, Magnolia Private Wealth LLC purchased a new position in International Business Machines during the 1st quarter worth $239,000. Institutional investors and hedge funds own 58.96% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group reiterated a "hold" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. KGI Securities set a $242.00 target price on International Business Machines and gave the stock a "hold" rating in a research report on Thursday, April 24th. Erste Group Bank raised International Business Machines from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Wall Street Zen lowered International Business Machines from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Finally, Royal Bank Of Canada increased their price objective on International Business Machines from $276.00 to $285.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $259.06.

International Business Machines Trading Up 0.1%

Shares of NYSE IBM traded up $0.27 on Monday, reaching $283.86. 2,856,987 shares of the company traded hands, compared to its average volume of 4,500,995. The stock has a market capitalization of $263.82 billion, a PE ratio of 48.86, a P/E/G ratio of 5.95 and a beta of 0.69. International Business Machines Corporation has a fifty-two week low of $181.81 and a fifty-two week high of $296.16. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 2.09. The company has a 50 day moving average of $273.18 and a 200 day moving average of $252.30.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.42 by $0.18. The firm had revenue of $14.54 billion during the quarter, compared to analyst estimates of $14.41 billion. International Business Machines had a net margin of 8.71% and a return on equity of 37.43%. International Business Machines's revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.68 earnings per share. On average, equities research analysts forecast 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. Stockholders of record on Friday, May 9th were issued 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 an increase from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio is presently 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.