International Business Machines Corporation (NYSE:IBM) Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC cut its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 8.8% during the 1st quarter, according to its most recent Form 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 SEC filing.

A number of other large investors have also recently made changes to their positions in IBM. Wealth Dimensions Group Ltd. lifted its holdings in International Business Machines by 1.0% in the 4th quarter. Wealth Dimensions Group Ltd. now owns 3,972 shares of the technology company's stock worth $873,000 after purchasing an additional 40 shares in the last quarter. Pallas Capital Advisors LLC raised its position in shares of International Business Machines by 0.9% during the first quarter. Pallas Capital Advisors LLC now owns 4,805 shares of the technology company's stock valued at $1,195,000 after buying an additional 42 shares during the last quarter. Titleist Asset Management LLC lifted its holdings in shares of International Business Machines by 3.1% in the fourth quarter. Titleist Asset Management LLC now owns 1,431 shares of the technology company's stock worth $315,000 after buying an additional 43 shares in the last quarter. Range Financial Group LLC boosted its position in shares of International Business Machines by 0.6% during the first quarter. Range Financial Group LLC now owns 7,350 shares of the technology company's stock worth $1,828,000 after acquiring an additional 43 shares during the last quarter. Finally, Private Wealth Partners LLC grew its stake in International Business Machines by 1.7% during the first quarter. Private Wealth Partners LLC now owns 2,647 shares of the technology company's stock valued at $658,000 after acquiring an additional 43 shares in the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Trading Down 0.2%

Shares of IBM stock traded down $0.59 on Wednesday, reaching $289.83. 2,969,701 shares of the company's stock were exchanged, compared to its average volume of 4,236,216. The company's fifty day simple moving average is $270.51 and its 200 day simple moving average is $250.80. The stock has a market capitalization of $269.37 billion, a PE ratio of 49.88, a P/E/G ratio of 6.10 and a beta of 0.69. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 2.09. International Business Machines Corporation has a 52 week low of $174.45 and a 52 week high of $296.16.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $14.54 billion for 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 revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.68 earnings per share. As a group, analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were paid a $1.68 dividend. This represents a $6.72 annualized dividend and a yield of 2.32%. This is an increase from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio (DPR) is 115.66%.

Analysts Set New Price Targets

IBM has been the subject of several research reports. KGI Securities set a $242.00 price objective on shares of International Business Machines and gave the company a "hold" rating in a report on Thursday, April 24th. Wall Street Zen lowered International Business Machines from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. BMO Capital Markets restated a "market perform" rating on shares of International Business Machines in a report on Wednesday, April 23rd. Jefferies Financial Group reaffirmed a "hold" rating on shares of International Business Machines in a report on Wednesday, April 23rd. Finally, Erste Group Bank raised shares of International Business Machines from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $259.06.

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.