Clean Yield Group Has $5.26 Million Holdings in International Business Machines Co. (NYSE:IBM)

Clean Yield Group lessened its position in International Business Machines Co. (NYSE:IBM) by 1.8% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 21,165 shares of the technology company’s stock after selling 398 shares during the period. International Business Machines makes up about 1.7% of Clean Yield Group’s holdings, making the stock its 16th largest position. Clean Yield Group’s holdings in International Business Machines were worth $5,263,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in IBM. Tallon Kerry Patrick acquired a new stake in International Business Machines in the fourth quarter valued at approximately $902,000. Brighton Jones LLC boosted its position in shares of International Business Machines by 12.4% during the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock valued at $4,619,000 after buying an additional 2,323 shares during the last quarter. Trilogy Capital Inc. boosted its position in shares of International Business Machines by 6.0% during the fourth quarter. Trilogy Capital Inc. now owns 975 shares of the technology company’s stock valued at $214,000 after buying an additional 55 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of International Business Machines by 18.9% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,767 shares of the technology company’s stock valued at $388,000 after buying an additional 281 shares during the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in shares of International Business Machines during the fourth quarter valued at approximately $370,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on IBM shares. Wedbush reaffirmed an “outperform” rating and set a $300.00 target price on shares of International Business Machines in a research report on Wednesday, May 7th. KGI Securities set a $242.00 price objective on shares of International Business Machines and gave the stock a “hold” rating in a research report on Thursday, April 24th. Erste Group Bank raised shares of International Business Machines from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. BMO Capital Markets reaffirmed a “market perform” rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Finally, Royal Bank of Canada upped their price objective on shares of International Business Machines from $276.00 to $285.00 and gave the stock an “outperform” rating in a research report on Thursday, May 15th. One 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $249.06.

International Business Machines Stock Performance

International Business Machines stock opened at $268.95 on Friday. The firm’s fifty day moving average price is $248.17 and its 200-day moving average price is $241.98. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The stock has a market cap of $249.96 billion, a P/E ratio of 41.96, a price-to-earnings-growth ratio of 5.81 and a beta of 0.66. International Business Machines Co. has a fifty-two week low of $166.81 and a fifty-two week high of $270.17.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data 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 analysts’ expectations of $14.41 billion. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter last year, the company posted $1.68 EPS. On average, equities research analysts expect that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th will be issued a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.50%. 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%.

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.