RWWM Inc. Sells 1,855 Shares of International Business Machines Co. (NYSE:IBM)

RWWM Inc. trimmed its position in International Business Machines Co. (NYSE:IBM - Free Report) by 14.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,555 shares of the technology company's stock after selling 1,855 shares during the quarter. International Business Machines accounts for approximately 0.2% of RWWM Inc.'s portfolio, making the stock its 14th largest holding. RWWM Inc.'s holdings in International Business Machines were worth $2,625,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vision Financial Markets LLC purchased a new stake in shares of International Business Machines during the fourth quarter valued at approximately $31,000. Rialto Wealth Management LLC purchased a new position in International Business Machines in the fourth quarter valued at about $35,000. Tacita Capital Inc increased its holdings in International Business Machines by 174.3% during the 4th quarter. Tacita Capital Inc now owns 192 shares of the technology company's stock worth $42,000 after purchasing an additional 122 shares during the last quarter. Measured Risk Portfolios Inc. purchased a new position in shares of International Business Machines during the 4th quarter valued at approximately $43,000. Finally, Park Square Financial Group LLC acquired a new stake in shares of International Business Machines during the fourth quarter worth approximately $43,000. 58.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on IBM shares. Royal Bank of Canada lifted their price target on International Business Machines from $276.00 to $285.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. UBS Group reissued a "sell" rating and set a $170.00 target price (up from $160.00) on shares of International Business Machines in a report on Wednesday, April 23rd. Wall Street Zen lowered International Business Machines from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Citigroup restated an "outperform" rating on shares of International Business Machines in a research note on Saturday, May 10th. Finally, BMO Capital Markets reiterated a "market perform" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $250.31.

International Business Machines Trading Up 1.6%

IBM traded up $4.44 during trading on Monday, reaching $281.66. 3,681,949 shares of the company's stock were exchanged, compared to its average volume of 4,235,081. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. International Business Machines Co. has a one year low of $167.50 and a one year high of $284.45. The stock has a market capitalization of $261.77 billion, a PE ratio of 43.94, a price-to-earnings-growth ratio of 5.81 and a beta of 0.66. The firm has a fifty day moving average price of $252.60 and a two-hundred day moving average price of $243.90.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.18. The firm had revenue of $14.54 billion during the quarter, compared to analyst estimates of $14.41 billion. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. The company's revenue was up .5% compared to the same quarter last year. During the same quarter last year, the business earned $1.68 EPS. As a group, equities research analysts forecast that International Business Machines Co. will post 10.78 earnings per share 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. Investors of record on Friday, May 9th were given a dividend of $1.68 per share. 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 dividend yield of 2.39%. International Business Machines's dividend payout ratio is presently 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.