Clifford Swan Investment Counsel LLC Has $9.27 Million Position in International Business Machines Corporation (NYSE:IBM)

Clifford Swan Investment Counsel LLC lowered its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 7.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,275 shares of the technology company's stock after selling 3,157 shares during the quarter. Clifford Swan Investment Counsel LLC's holdings in International Business Machines were worth $9,269,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Christopher J. Hasenberg Inc bought a new stake in shares of International Business Machines during the 1st quarter worth about $27,000. Measured Risk Portfolios Inc. acquired a new position in International Business Machines in the 4th quarter valued at approximately $43,000. Park Square Financial Group LLC acquired a new position in International Business Machines in the 4th quarter valued at approximately $43,000. Mascagni Wealth Management Inc. acquired a new position in shares of International Business Machines in the 4th quarter worth approximately $43,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of International Business Machines in the 1st quarter worth approximately $45,000. Hedge funds and other institutional investors own 58.96% of the company's stock.

Analyst Upgrades and Downgrades

IBM has been the topic of a number of research analyst reports. Jefferies Financial Group restated a "hold" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Morgan Stanley decreased their price objective on 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. UBS Group raised their price target on International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a research report on Thursday. Wall Street Zen downgraded International Business Machines from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Finally, Bank of America dropped their price objective on International Business Machines from $320.00 to $310.00 and set a "buy" rating on the stock in a research note on Thursday. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $268.75.

International Business Machines Price Performance

Shares of NYSE IBM traded down $21.89 during midday trading on Thursday, reaching $260.12. The company's stock had a trading volume of 16,259,661 shares, compared to its average volume of 4,569,351. 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 Corporation has a fifty-two week low of $181.81 and a fifty-two week high of $296.16. The business's 50 day moving average price is $277.95 and its two-hundred day moving average price is $255.30. The company has a market cap of $241.76 billion, a P/E ratio of 44.80, a P/E/G ratio of 6.01 and a beta of 0.69.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, beating the consensus estimate of $2.65 by $0.15. The business had revenue of $16.98 billion during the quarter, compared to the consensus estimate of $16.58 billion. International Business Machines had a net margin of 8.71% and a return on equity of 37.43%. The company's revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.43 earnings per share. On average, analysts forecast 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. Stockholders 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 dividend yield of 2.58%. International Business Machines's dividend payout ratio is 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.