TD Private Client Wealth LLC Has $4 Million Stock Position in International Business Machines Corporation (NYSE:IBM)

TD Private Client Wealth LLC lessened its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 8.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,091 shares of the technology company's stock after selling 1,555 shares during the period. TD Private Client Wealth LLC's holdings in International Business Machines were worth $4,001,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MinichMacGregor Wealth Management LLC bought a new stake in shares of International Business Machines during the 1st quarter worth approximately $396,000. Treasurer of the State of North Carolina lifted its holdings in shares of International Business Machines by 0.8% during the 4th quarter. Treasurer of the State of North Carolina now owns 495,574 shares of the technology company's stock worth $108,942,000 after acquiring an additional 4,131 shares during the period. Mufg Securities Americas Inc. bought a new stake in shares of International Business Machines during the 4th quarter worth approximately $3,000,000. Magnolia Private Wealth LLC bought a new position in International Business Machines in the 1st quarter valued at approximately $239,000. Finally, Ferguson Wellman Capital Management Inc. lifted its stake in International Business Machines by 0.8% in the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 141,448 shares of the technology company's stock valued at $35,172,000 after purchasing an additional 1,058 shares during the last quarter. Institutional investors own 58.96% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. BMO Capital Markets reissued a "market perform" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Erste Group Bank raised shares of International Business Machines from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Morgan Stanley dropped their price objective on shares of International Business Machines from $237.00 to $233.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. UBS Group reissued a "sell" rating and issued a $195.00 price objective (up previously from $170.00) on shares of International Business Machines in a research note on Wednesday. Finally, KGI Securities set a $242.00 price objective on shares of International Business Machines and gave the company a "hold" rating in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $259.06.

International Business Machines Trading Down 1.0%

NYSE IBM traded down $2.76 during mid-day trading on Thursday, reaching $287.38. 2,320,716 shares of the stock were exchanged, compared to its average volume of 4,509,539. International Business Machines Corporation has a one year low of $176.62 and a one year high of $296.16. The stock has a 50 day simple moving average of $271.47 and a 200-day simple moving average of $251.07. The stock has a market cap of $267.09 billion, a P/E ratio of 49.46, a P/E/G ratio of 6.10 and a beta of 0.69. 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 announced its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, topping analysts' consensus estimates of $1.42 by $0.18. International Business Machines had a net margin of 8.71% and a return on equity of 37.43%. The business had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. During the same quarter last year, the firm earned $1.68 earnings per share. International Business Machines's quarterly revenue was up .5% on a year-over-year basis. On average, analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were issued a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a dividend yield of 2.34%. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio is currently 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.