Lbp Am Sa Sells 4,934 Shares of International Business Machines Corporation (NYSE:IBM)

Lbp Am Sa trimmed its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 4.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,366 shares of the technology company's stock after selling 4,934 shares during the quarter. Lbp Am Sa's holdings in International Business Machines were worth $27,444,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of IBM. Measured Risk Portfolios Inc. purchased a new position in International Business Machines in the 4th quarter worth about $43,000. Park Square Financial Group LLC bought a new position in shares of International Business Machines in the 4th quarter worth approximately $43,000. Mascagni Wealth Management Inc. bought a new position in shares of International Business Machines in the 4th quarter worth approximately $43,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of International Business Machines in the 1st quarter worth approximately $45,000. Finally, M & L Capital Management Ltd bought a new position in shares of International Business Machines during the 4th quarter valued at approximately $48,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Price Performance

Shares of NYSE IBM opened at $290.56 on Wednesday. The stock's 50-day moving average is $270.51 and its two-hundred day moving average is $250.80. The company has a market cap of $270.05 billion, a price-to-earnings ratio of 50.01, a price-to-earnings-growth ratio of 6.14 and a beta of 0.69. International Business Machines Corporation has a 1-year low of $174.45 and a 1-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 posted its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, beating the consensus estimate 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 firm's revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.68 EPS. Analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were given a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.31%. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's payout ratio is presently 115.66%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on IBM. KGI Securities set a $242.00 price objective on International Business Machines and gave the stock a "hold" rating in a report on Thursday, April 24th. Morgan Stanley dropped their price target 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. Erste Group Bank raised International Business Machines from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Jefferies Financial Group reaffirmed a "hold" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Finally, UBS Group reissued a "sell" rating on shares of International Business Machines in a report on Wednesday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, International Business Machines currently has an average rating of "Hold" and an average target price of $257.50.

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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