International Business Machines Corporation (NYSE:IBM) Shares Sold by Nwam LLC

Nwam LLC cut its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 19.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,740 shares of the technology company's stock after selling 1,903 shares during the period. Nwam LLC's holdings in International Business Machines were worth $1,925,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of IBM. Capital World Investors raised its holdings in shares of International Business Machines by 413.5% during the 4th quarter. Capital World Investors now owns 11,984,609 shares of the technology company's stock worth $2,634,577,000 after acquiring an additional 9,650,534 shares in the last quarter. Norges Bank purchased a new stake in International Business Machines during the 4th quarter valued at $1,236,176,000. GAMMA Investing LLC raised its holdings in International Business Machines by 29,564.2% during the 1st quarter. GAMMA Investing LLC now owns 4,399,790 shares of the technology company's stock valued at $10,940,520,000 after buying an additional 4,384,958 shares during the period. Northern Trust Corp raised its holdings in International Business Machines by 18.6% during the 4th quarter. Northern Trust Corp now owns 10,845,993 shares of the technology company's stock valued at $2,384,275,000 after buying an additional 1,704,209 shares during the period. Finally, Vanguard Group Inc. raised its holdings in International Business Machines by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 91,839,252 shares of the technology company's stock valued at $20,189,023,000 after buying an additional 1,539,888 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

IBM has been the topic of several research analyst reports. The Goldman Sachs Group upped their price objective on International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Morgan Stanley cut 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 reaffirmed a "sell" rating and issued a $195.00 price objective (up previously from $170.00) on shares of International Business Machines in a research report on Wednesday, July 9th. Jefferies Financial Group reissued a "hold" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Finally, Melius Research raised International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $266.19.

International Business Machines Stock Performance

NYSE:IBM traded up $4.04 during midday trading on Friday, hitting $286.04. The company's stock had a trading volume of 4,465,031 shares, compared to its average volume of 4,232,093. International Business Machines Corporation has a fifty-two week low of $181.81 and a fifty-two week high of $296.16. The firm's 50 day moving average is $276.39 and its 200-day moving average is $254.02. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.01 and a quick ratio of 0.97. The firm has a market cap of $265.85 billion, a P/E ratio of 49.23, a P/E/G ratio of 6.00 and a beta of 0.69.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.18. The company had revenue of $14.54 billion during the quarter, compared to analysts' expectations of $14.41 billion. International Business Machines had a return on equity of 37.43% and a net margin of 8.71%. International Business Machines's quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the business earned $1.68 earnings per share. Equities analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were paid 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 dividend on an annualized basis and a dividend yield of 2.35%. International Business Machines's payout ratio is currently 115.66%.

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.