Winslow Asset Management Inc. Sells 1,350 Shares of International Business Machines Corporation (NYSE:IBM)

Winslow Asset Management Inc. cut its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 3.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 42,585 shares of the technology company's stock after selling 1,350 shares during the quarter. International Business Machines makes up 2.3% of Winslow Asset Management Inc.'s portfolio, making the stock its 13th largest position. Winslow Asset Management Inc.'s holdings in International Business Machines were worth $10,589,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in IBM. Christopher J. Hasenberg Inc bought a new position in International Business Machines in the first quarter valued at about $27,000. Measured Risk Portfolios Inc. bought a new position in International Business Machines in the fourth quarter valued at about $43,000. Park Square Financial Group LLC bought a new position in International Business Machines in the fourth quarter valued at about $43,000. Mascagni Wealth Management Inc. bought a new position in International Business Machines in the fourth quarter valued at about $43,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in International Business Machines during the first quarter worth about $45,000. Institutional investors own 58.96% of the company's stock.

International Business Machines Stock Performance

IBM traded down $1.17 during trading on Tuesday, hitting $282.62. The stock had a trading volume of 2,862,316 shares, compared to its average volume of 4,232,298. The company has a 50 day moving average price of $273.87 and a 200-day moving average price of $252.73. The firm has a market cap of $262.67 billion, a price-to-earnings ratio of 48.64, a P/E/G ratio of 5.96 and a beta of 0.69. International Business Machines Corporation has a one year low of $181.81 and a one year high of $296.16. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.01 and a quick ratio of 0.97.

International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, beating analysts' consensus estimates of $1.42 by $0.18. The firm 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 company's revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.68 EPS. As a group, research analysts predict that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were given 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 dividend yield of 2.38%. International Business Machines's dividend payout ratio is currently 115.66%.

Analyst Ratings Changes

IBM has been the topic of a number of recent analyst reports. Wall Street Zen cut International Business Machines from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Royal Bank Of Canada raised their target price on International Business Machines from $276.00 to $285.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. UBS Group restated a "sell" rating and set a $195.00 target price (up previously from $170.00) on shares of International Business Machines in a report on Wednesday, July 9th. The Goldman Sachs Group raised their target price on International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Finally, KGI Securities set a $242.00 price objective on International Business Machines and gave the company a "hold" rating in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $259.06.

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.