International Business Machines Co. (NYSE:IBM) Shares Sold by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC lowered its stake in International Business Machines Co. (NYSE:IBM) by 2.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,212 shares of the technology company’s stock after selling 333 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in International Business Machines were worth $3,096,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Vontobel Holding Ltd. lifted its position in shares of International Business Machines by 20.3% during the fourth quarter. Vontobel Holding Ltd. now owns 477,193 shares of the technology company’s stock worth $78,045,000 after purchasing an additional 80,474 shares in the last quarter. Tsfg LLC grew its stake in shares of International Business Machines by 40.5% during the fourth quarter. Tsfg LLC now owns 378 shares of the technology company’s stock valued at $62,000 after acquiring an additional 109 shares in the last quarter. Auxano Advisors LLC increased its position in shares of International Business Machines by 4.8% during the fourth quarter. Auxano Advisors LLC now owns 3,398 shares of the technology company’s stock worth $556,000 after acquiring an additional 156 shares during the last quarter. West Family Investments Inc. lifted its stake in shares of International Business Machines by 7.6% in the fourth quarter. West Family Investments Inc. now owns 2,736 shares of the technology company’s stock worth $447,000 after acquiring an additional 194 shares in the last quarter. Finally, Mosley Wealth Management acquired a new stake in International Business Machines during the 4th quarter valued at approximately $312,000. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Stock Performance

IBM traded down $0.73 during trading hours on Friday, hitting $175.00. The company’s stock had a trading volume of 497,850 shares, compared to its average volume of 4,489,148. The company has a 50-day simple moving average of $169.68 and a 200 day simple moving average of $176.75. The company has a current ratio of 1.13, a quick ratio of 1.09 and a debt-to-equity ratio of 2.32. The firm has a market capitalization of $160.76 billion, a PE ratio of 19.77, a PEG ratio of 4.34 and a beta of 0.71. International Business Machines Co. has a fifty-two week low of $131.55 and a fifty-two week high of $199.18.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.09. The business had revenue of $14.46 billion for the quarter, compared to analysts’ expectations of $14.53 billion. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The company’s revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.36 earnings per share. As a group, sell-side analysts expect that International Business Machines Co. will post 9.9 EPS for the current year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 10th were issued a $1.67 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This is a boost from International Business Machines’s previous quarterly dividend of $1.66. This represents a $6.68 annualized dividend and a dividend yield of 3.82%. International Business Machines’s dividend payout ratio (DPR) is 75.65%.

Analyst Ratings Changes

IBM has been the topic of a number of recent analyst reports. UBS Group upped their target price on International Business Machines from $125.00 to $130.00 and gave the company a “sell” rating in a research report on Monday, April 22nd. The Goldman Sachs Group started coverage on shares of International Business Machines in a research note on Monday, June 24th. They issued a “buy” rating and a $200.00 target price on the stock. Morgan Stanley lowered their price objective on International Business Machines from $186.00 to $179.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. StockNews.com raised International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th. Finally, JPMorgan Chase & Co. dropped their price target on International Business Machines from $190.00 to $185.00 and set a “neutral” rating on the stock in a research report on Thursday, April 25th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $182.53.

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.