United Bank Has $1.31 Million Stock Holdings in International Business Machines Corporation (NYSE:IBM)

United Bank reduced its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 35.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,264 shares of the technology company's stock after selling 2,908 shares during the period. United Bank's holdings in International Business Machines were worth $1,309,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Wealth Dimensions Group Ltd. raised its holdings in International Business Machines by 1.0% during the 4th quarter. Wealth Dimensions Group Ltd. now owns 3,972 shares of the technology company's stock valued at $873,000 after acquiring an additional 40 shares during the period. Pallas Capital Advisors LLC grew its position in shares of International Business Machines by 0.9% during the 1st quarter. Pallas Capital Advisors LLC now owns 4,805 shares of the technology company's stock valued at $1,195,000 after acquiring an additional 42 shares during the period. DMC Group LLC lifted its stake in shares of International Business Machines by 1.2% during the 1st quarter. DMC Group LLC now owns 3,517 shares of the technology company's stock valued at $875,000 after buying an additional 42 shares in the last quarter. Titleist Asset Management LLC increased its holdings in shares of International Business Machines by 3.1% in the 4th 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 during the last quarter. Finally, Range Financial Group LLC grew its holdings in International Business Machines by 0.6% during the 1st quarter. Range Financial Group LLC now owns 7,350 shares of the technology company's stock valued at $1,828,000 after purchasing an additional 43 shares during the last quarter. 58.96% of the stock is owned by institutional investors.

International Business Machines Trading Down 0.6%

Shares of IBM stock traded down $1.65 during mid-day trading on Tuesday, reaching $283.06. The company's stock had a trading volume of 904,542 shares, compared to its average volume of 4,215,176. The firm has a market capitalization of $263.08 billion, a PE ratio of 48.82, a price-to-earnings-growth ratio of 6.00 and a beta of 0.69. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 2.09. International Business Machines Corporation has a 12-month low of $181.81 and a 12-month high of $296.16. The company's 50 day simple moving average is $276.39 and its 200-day simple moving average is $254.50.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.18. The company had revenue of $14.54 billion for the quarter, compared to the consensus estimate of $14.41 billion. International Business Machines had a net margin of 8.71% and a return on equity of 37.43%. International Business Machines's revenue was up .5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.68 EPS. On average, research analysts predict that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were 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 annualized dividend and a dividend yield of 2.37%. International Business Machines's dividend payout ratio (DPR) is currently 115.66%.

Wall Street Analysts Forecast Growth

IBM has been the topic of several analyst reports. Citigroup restated an "outperform" rating on shares of International Business Machines in a research report on Saturday, May 10th. KGI Securities set a $242.00 price target on shares of International Business Machines and gave the stock a "hold" rating in a report on Thursday, April 24th. UBS Group reaffirmed a "sell" rating and set a $195.00 price target (up from $170.00) on shares of International Business Machines in a research note on Wednesday, July 9th. Stifel Nicolaus upped their target price on shares of International Business Machines from $290.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Finally, Royal Bank Of Canada increased their target price on shares of International Business Machines from $285.00 to $315.00 and gave the stock an "outperform" rating in a research report on Thursday, July 17th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $266.19.

International Business Machines 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.

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