Griffith & Werner Inc. Sells 261 Shares of International Business Machines Co. (NYSE:IBM)

Griffith & Werner Inc. lowered its position in shares of International Business Machines Co. (NYSE:IBM) by 6.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,116 shares of the technology company’s stock after selling 261 shares during the period. Griffith & Werner Inc.’s holdings in International Business Machines were worth $1,024,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Compass Financial Services Inc bought a new stake in International Business Machines during the fourth quarter valued at about $26,000. Vision Financial Markets LLC bought a new stake in International Business Machines during the fourth quarter valued at about $31,000. Rialto Wealth Management LLC bought a new stake in International Business Machines during the fourth quarter valued at about $35,000. Tacita Capital Inc boosted its position in International Business Machines by 174.3% during the fourth quarter. Tacita Capital Inc now owns 192 shares of the technology company’s stock valued at $42,000 after purchasing an additional 122 shares in the last quarter. Finally, Measured Risk Portfolios Inc. acquired a new stake in International Business Machines in the fourth quarter worth about $43,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on IBM. UBS Group reissued a “sell” rating and issued a $170.00 price target (up previously from $160.00) on shares of International Business Machines in a report on Wednesday, April 23rd. Jefferies Financial Group reissued a “hold” rating on shares of International Business Machines in a report on Wednesday, April 23rd. Wedbush reissued an “outperform” rating and issued a $300.00 price target on shares of International Business Machines in a report on Wednesday, May 7th. Royal Bank of Canada raised their price target on International Business Machines from $276.00 to $285.00 and gave the stock an “outperform” rating in a report on Thursday, May 15th. Finally, Morgan Stanley reduced their price objective on International Business Machines from $237.00 to $233.00 and set an “equal weight” rating for the company in a research note on Thursday, April 24th. One investment 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. Based on data from MarketBeat.com, International Business Machines has an average rating of “Hold” and an average target price of $249.06.

International Business Machines Price Performance

NYSE:IBM opened at $268.95 on Friday. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. The firm has a market cap of $249.96 billion, a price-to-earnings ratio of 41.96, a price-to-earnings-growth ratio of 5.81 and a beta of 0.66. The company has a 50 day moving average price of $248.17 and a 200-day moving average price of $241.98. International Business Machines Co. has a 1-year low of $166.81 and a 1-year high of $270.17.

International Business Machines (NYSE:IBM) last posted 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 during the quarter, compared to analyst estimates 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 period in the previous year, the firm earned $1.68 EPS. Equities research analysts forecast that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 9th will be issued a $1.68 dividend. This represents a $6.72 annualized dividend 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 payout ratio is presently 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.