International Business Machines Co. (NYSE:IBM) Shares Sold by Marcum Wealth LLC

Marcum Wealth LLC lowered its position in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 10.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 9,091 shares of the technology company's stock after selling 1,036 shares during the quarter. Marcum Wealth LLC's holdings in International Business Machines were worth $2,261,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Compass Financial Services Inc purchased a new position in International Business Machines in the 4th quarter worth approximately $26,000. Vision Financial Markets LLC purchased a new position in International Business Machines in the 4th quarter worth approximately $31,000. Rialto Wealth Management LLC purchased a new position in International Business Machines in the 4th quarter worth approximately $35,000. Tacita Capital Inc boosted its holdings in International Business Machines by 174.3% in the 4th quarter. Tacita Capital Inc now owns 192 shares of the technology company's stock worth $42,000 after acquiring an additional 122 shares during the period. Finally, Measured Risk Portfolios Inc. purchased a new position in International Business Machines in the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 58.96% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on IBM shares. BMO Capital Markets restated a "market perform" rating on shares of International Business Machines in a report on Wednesday, April 23rd. Royal Bank of Canada increased their target price on International Business Machines from $276.00 to $285.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. UBS Group reiterated a "sell" rating and set a $170.00 target price (up from $160.00) on shares of International Business Machines in a research note on Wednesday, April 23rd. The Goldman Sachs Group reiterated a "buy" rating on shares of International Business Machines in a research note on Wednesday, February 5th. Finally, Oppenheimer initiated coverage on International Business Machines in a research note on Tuesday, February 11th. They set an "outperform" rating and a $320.00 target price for the company. One equities 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, the stock presently has an average rating of "Hold" and an average price target of $249.06.

International Business Machines Stock Performance

Shares of IBM stock traded up $0.19 on Friday, hitting $258.88. 9,667,740 shares of the stock traded hands, compared to its average volume of 4,225,727. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. The company has a market capitalization of $240.60 billion, a PE ratio of 40.39, a PEG ratio of 5.81 and a beta of 0.64. International Business Machines Co. has a 1-year low of $163.53 and a 1-year high of $269.28. The company's fifty day moving average is $246.37 and its 200 day moving average is $239.81.

International Business Machines (NYSE:IBM - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.18. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The firm had revenue of $14.54 billion for the quarter, compared to analyst estimates of $14.41 billion. During the same period last year, the company earned $1.68 earnings per share. The firm's revenue for the quarter was up .5% on a year-over-year basis. On average, equities research analysts predict that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th will be given a $1.68 dividend. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a yield of 2.60%. International Business Machines's dividend payout ratio (DPR) is currently 115.66%.

Insiders Place Their Bets

In other news, SVP Robert David Thomas sold 26,543 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the transaction, the senior vice president now directly owns 45,007 shares of the company's stock, valued at approximately $11,387,221.07. This trade represents a 37.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is owned by corporate insiders.

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.