VAUGHAN & Co SECURITIES INC. Lowers Stock Position in International Business Machines Corporation (NYSE:IBM)

VAUGHAN & Co SECURITIES INC. lowered its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 23.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,181 shares of the technology company's stock after selling 962 shares during the period. International Business Machines comprises approximately 0.5% of VAUGHAN & Co SECURITIES INC.'s investment portfolio, making the stock its 22nd biggest position. VAUGHAN & Co SECURITIES INC.'s holdings in International Business Machines were worth $791,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Vision Financial Markets LLC purchased a new stake in International Business Machines in the 4th quarter worth $31,000. Rialto Wealth Management LLC purchased a new stake in International Business Machines in the 4th quarter worth $35,000. Measured Risk Portfolios Inc. purchased a new stake in International Business Machines in the 4th quarter worth $43,000. Park Square Financial Group LLC purchased a new stake in International Business Machines in the 4th quarter worth $43,000. Finally, Mascagni Wealth Management Inc. purchased a new stake in International Business Machines in the 4th quarter worth $43,000. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Trading Up 1.4%

Shares of IBM traded up $4.01 during mid-day trading on Friday, reaching $291.66. The stock had a trading volume of 1,853,289 shares, compared to its average volume of 4,231,670. 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 Corporation has a 52-week low of $174.45 and a 52-week high of $296.16. The business's fifty day moving average is $268.36 and its 200 day moving average is $249.65. The firm has a market cap of $271.06 billion, a price-to-earnings ratio of 28.48, a P/E/G ratio of 6.13 and a beta of 0.69.

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, beating 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 firm had revenue of $14.54 billion during the quarter, compared to analyst estimates of $14.41 billion. During the same quarter in the prior year, the firm posted $1.68 earnings per share. International Business Machines's quarterly revenue was up .5% on a year-over-year basis. On average, sell-side analysts predict that International Business Machines Corporation will post 10.78 EPS 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. Shareholders of record on Friday, May 9th were paid a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.30%. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio (DPR) is 115.66%.

Wall Street Analyst Weigh In

IBM has been the subject of several recent analyst reports. Citigroup reissued an "outperform" rating on shares of International Business Machines in a 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. BMO Capital Markets reissued 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 research note on Wednesday, April 23rd. Finally, Bank of America lifted their target price on shares of International Business Machines from $290.00 to $320.00 and gave the stock a "buy" rating in a research note on Wednesday, June 18th. 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 issued a strong buy rating to the company. According to MarketBeat.com, International Business Machines presently has a consensus rating of "Hold" and an average price target of $257.50.

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.