HFG Advisors Inc. Trims Stock Holdings in International Business Machines Corporation (NYSE:IBM)

HFG Advisors Inc. lowered its position in International Business Machines Corporation (NYSE:IBM) by 65.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 931 shares of the technology company’s stock after selling 1,796 shares during the quarter. HFG Advisors Inc.’s holdings in International Business Machines were worth $232,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of IBM. Vision Financial Markets LLC purchased a new stake in shares of International Business Machines during the fourth quarter worth approximately $31,000. Rialto Wealth Management LLC acquired a new position in International Business Machines during the fourth quarter worth $35,000. Tacita Capital Inc grew its holdings in International Business Machines by 174.3% during the fourth quarter. Tacita Capital Inc now owns 192 shares of the technology company’s stock worth $42,000 after acquiring an additional 122 shares during the period. Measured Risk Portfolios Inc. acquired a new position in International Business Machines during the fourth quarter worth $43,000. Finally, Park Square Financial Group LLC acquired a new position in International Business Machines during the fourth quarter worth $43,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Up 0.4%

International Business Machines stock opened at $282.96 on Wednesday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.97 and a current ratio of 1.01. The firm has a market capitalization of $262.98 billion, a price-to-earnings ratio of 48.70, a price-to-earnings-growth ratio of 5.92 and a beta of 0.66. International Business Machines Corporation has a fifty-two week low of $168.38 and a fifty-two week high of $285.26. The stock’s fifty day moving average is $254.78 and its two-hundred day moving average is $244.55.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.18. The business had revenue of $14.54 billion for the quarter, compared to analyst estimates of $14.41 billion. International Business Machines had a return on equity of 37.43% and a net margin of 8.71%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the company earned $1.68 earnings per share. 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 disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were paid a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.37%. 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 presently 115.66%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on IBM. Bank of America upped their price objective on International Business Machines from $270.00 to $290.00 and gave the stock a “buy” rating in a report on Monday, June 9th. Morgan Stanley dropped their price objective on International Business Machines from $237.00 to $233.00 and set an “equal weight” rating on the stock in a report on Thursday, April 24th. Wall Street Zen lowered International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, May 21st. Royal Bank Of Canada upped their price objective 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, UBS Group reaffirmed a “sell” rating and set a $170.00 price objective (up previously from $160.00) on shares of International Business Machines in a report on Wednesday, April 23rd. One 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $250.31.

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.