Toth Financial Advisory Corp Sells 2,074 Shares of International Business Machines Co. (NYSE:IBM)

Toth Financial Advisory Corp decreased its position in International Business Machines Co. (NYSE:IBM - Free Report) by 6.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,793 shares of the technology company's stock after selling 2,074 shares during the quarter. Toth Financial Advisory Corp's holdings in International Business Machines were worth $7,160,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Capital World Investors raised its stake in shares of International Business Machines by 413.5% in the fourth quarter. Capital World Investors now owns 11,984,609 shares of the technology company's stock worth $2,634,577,000 after buying an additional 9,650,534 shares during the period. Norges Bank bought a new position in shares of International Business Machines in the fourth quarter worth about $1,236,176,000. GAMMA Investing LLC raised its stake in shares of International Business Machines by 29,564.2% in the first quarter. GAMMA Investing LLC now owns 4,399,790 shares of the technology company's stock worth $10,940,520,000 after buying an additional 4,384,958 shares during the period. Raymond James Financial Inc. bought a new position in shares of International Business Machines in the fourth quarter worth about $592,746,000. Finally, Northern Trust Corp grew its position in shares of International Business Machines by 18.6% during the fourth quarter. Northern Trust Corp now owns 10,845,993 shares of the technology company's stock worth $2,384,275,000 after purchasing an additional 1,704,209 shares in the last quarter. Institutional investors own 58.96% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on IBM. UBS Group reissued a "sell" rating and set a $170.00 target price (up previously from $160.00) on shares of International Business Machines in a research note on Wednesday, April 23rd. BMO Capital Markets reissued a "market perform" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Wall Street Zen downgraded International Business Machines from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Wedbush reissued an "outperform" rating and set a $300.00 target price on shares of International Business Machines in a research note on Wednesday, May 7th. Finally, Royal Bank of Canada lifted their target price on International Business Machines from $276.00 to $285.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, International Business Machines currently has an average rating of "Hold" and a consensus price target of $250.31.

International Business Machines Trading Up 1.9%

Shares of NYSE IBM traded up $5.37 during trading hours on Wednesday, hitting $281.61. 4,647,195 shares of the company traded hands, compared to its average volume of 4,232,999. The stock has a market capitalization of $261.73 billion, a price-to-earnings ratio of 43.93, a price-to-earnings-growth ratio of 5.81 and a beta of 0.66. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The company's 50 day moving average price is $250.36 and its 200 day moving average price is $242.96. International Business Machines Co. has a 12 month low of $167.23 and a 12 month high of $282.27.

International Business Machines (NYSE:IBM - Get Free Report) last released its 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 firm had revenue of $14.54 billion for the quarter, compared to the consensus estimate of $14.41 billion. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The company's revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.68 EPS. On average, equities research analysts anticipate that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were given a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a dividend yield of 2.39%. This is an increase from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's payout ratio is currently 115.66%.

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.