International Business Machines Corporation (NYSE:IBM) Shares Sold by Shilanski & Associates Inc.

Shilanski & Associates Inc. decreased its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 3.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,572 shares of the technology company's stock after selling 1,039 shares during the period. International Business Machines makes up 2.2% of Shilanski & Associates Inc.'s investment portfolio, making the stock its 10th largest holding. Shilanski & Associates Inc.'s holdings in International Business Machines were worth $7,105,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Wealthstar Advisors LLC grew its holdings in shares of International Business Machines by 3.1% during the first quarter. Wealthstar Advisors LLC now owns 3,254 shares of the technology company's stock worth $809,000 after buying an additional 97 shares in the last quarter. Hobbs Wealth Management LLC purchased a new stake in shares of International Business Machines during the first quarter worth about $242,000. Citizens National Bank Trust Department boosted its position in shares of International Business Machines by 2.8% in the first quarter. Citizens National Bank Trust Department now owns 6,799 shares of the technology company's stock worth $1,691,000 after acquiring an additional 184 shares during the last quarter. Avidian Wealth Enterprises LLC boosted its position in shares of International Business Machines by 7.0% in the first quarter. Avidian Wealth Enterprises LLC now owns 8,349 shares of the technology company's stock worth $2,076,000 after acquiring an additional 544 shares during the last quarter. Finally, Naviter Wealth LLC boosted its position in shares of International Business Machines by 0.7% in the first quarter. Naviter Wealth LLC now owns 10,598 shares of the technology company's stock worth $2,586,000 after acquiring an additional 69 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Trading Down 0.8%

NYSE IBM opened at $289.69 on Monday. The company's fifty day simple moving average is $262.93 and its 200-day simple moving average is $247.77. International Business Machines Corporation has a 52 week low of $173.38 and a 52 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 stock has a market cap of $269.24 billion, a P/E ratio of 49.86, a PEG ratio of 6.08 and a beta of 0.66.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly 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. The business 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%. The business's revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.68 earnings per share. Equities research analysts predict that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were paid a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.32%. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's payout ratio is 115.66%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on IBM shares. Wall Street Zen cut shares of International Business Machines from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. UBS Group reissued a "sell" rating and issued a $170.00 target price (up from $160.00) on shares of International Business Machines in a research report on Wednesday, April 23rd. KGI Securities set a $242.00 target price on shares of International Business Machines and gave the stock a "hold" rating in a research report on Thursday, April 24th. Morgan Stanley decreased their target price on shares of International Business Machines from $237.00 to $233.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Finally, Royal Bank Of Canada lifted their price target on shares of International Business Machines from $276.00 to $285.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $253.75.

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.

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