International Business Machines Co. (NYSE:IBM) Shares Sold by Steigerwald Gordon & Koch Inc.

Steigerwald Gordon & Koch Inc. lessened its position in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 1.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 99,591 shares of the technology company's stock after selling 1,649 shares during the quarter. International Business Machines makes up 2.8% of Steigerwald Gordon & Koch Inc.'s holdings, making the stock its 13th biggest position. Steigerwald Gordon & Koch Inc.'s holdings in International Business Machines were worth $24,764,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IBM. Tallon Kerry Patrick acquired a new stake in shares of International Business Machines in the fourth quarter valued at about $902,000. Brighton Jones LLC grew its position in shares of International Business Machines by 12.4% in the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock valued at $4,619,000 after purchasing an additional 2,323 shares during the period. Calamos Wealth Management LLC grew its position in shares of International Business Machines by 4.4% in the fourth quarter. Calamos Wealth Management LLC now owns 1,999 shares of the technology company's stock valued at $439,000 after purchasing an additional 84 shares during the period. Sargent Investment Group LLC grew its position in shares of International Business Machines by 5.4% in the fourth quarter. Sargent Investment Group LLC now owns 62,993 shares of the technology company's stock valued at $13,695,000 after purchasing an additional 3,199 shares during the period. Finally, Stratos Wealth Partners LTD. grew its position in shares of International Business Machines by 74.8% in the fourth quarter. Stratos Wealth Partners LTD. now owns 110,444 shares of the technology company's stock valued at $24,279,000 after purchasing an additional 47,266 shares during the period. Institutional investors and hedge funds own 58.96% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on IBM shares. The Goldman Sachs Group reiterated a "buy" rating on shares of International Business Machines in a research report on Wednesday, February 5th. Royal Bank of Canada boosted their price target on shares of International Business Machines from $276.00 to $285.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Oppenheimer began coverage on shares of International Business Machines in a research report on Tuesday, February 11th. They set an "outperform" rating and a $320.00 price target on the stock. Jefferies Financial Group restated a "hold" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Finally, UBS Group restated a "sell" rating and set a $170.00 price target (up from $160.00) on shares of International Business Machines in a research report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $249.06.

International Business Machines Trading Up 0.5%

Shares of IBM stock traded up $1.23 during trading hours on Thursday, hitting $266.75. The company had a trading volume of 2,655,316 shares, compared to its average volume of 4,214,720. The company's fifty day moving average is $247.45 and its 200 day moving average is $240.98. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. International Business Machines Co. has a fifty-two week low of $166.80 and a fifty-two week high of $269.28. The stock has a market capitalization of $247.92 billion, a PE ratio of 41.61, a price-to-earnings-growth ratio of 5.81 and a beta of 0.64.

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

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be paid a $1.68 dividend. This is a boost 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 2.52%. International Business Machines's 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.