Dividend Assets Capital LLC Trims Position in International Business Machines Co. (NYSE:IBM)

Dividend Assets Capital LLC reduced its position in International Business Machines Co. (NYSE:IBM) by 3.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 40,590 shares of the technology company’s stock after selling 1,629 shares during the quarter. International Business Machines comprises about 1.0% of Dividend Assets Capital LLC’s investment portfolio, making the stock its 29th biggest position. Dividend Assets Capital LLC’s holdings in International Business Machines were worth $5,409,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Financial Enhancement Group LLC raised its position in shares of International Business Machines by 852.4% in the 4th quarter. Financial Enhancement Group LLC now owns 200 shares of the technology company’s stock worth $25,000 after buying an additional 179 shares during the period. Oxler Private Wealth LLC purchased a new position in shares of International Business Machines in the 4th quarter worth $25,000. DB Wealth Management Group LLC purchased a new position in shares of International Business Machines in the 4th quarter worth $29,000. Diversified LLC purchased a new position in shares of International Business Machines in the 4th quarter worth $29,000. Finally, Sage Private Wealth Group LLC purchased a new position in shares of International Business Machines in the 4th quarter worth $31,000. 55.67% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently issued reports on IBM shares. BMO Capital Markets increased their price target on International Business Machines from $138.00 to $150.00 and gave the company a “market perform” rating in a report on Monday, April 26th. Stifel Nicolaus increased their price target on International Business Machines from $147.00 to $151.00 and gave the company a “buy” rating in a report on Tuesday, April 20th. Morgan Stanley increased their price target on International Business Machines from $150.00 to $152.00 and gave the company an “equal weight” rating in a report on Monday, April 26th. Finally, Credit Suisse Group increased their price target on International Business Machines from $160.00 to $165.00 and gave the company an “outperform” rating in a report on Monday, April 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. International Business Machines has an average rating of “Hold” and a consensus price target of $146.00.

Shares of International Business Machines stock traded up $0.27 during trading hours on Tuesday, hitting $145.02. 93,945 shares of the company’s stock traded hands, compared to its average volume of 6,499,713. The company has a market cap of $129.58 billion, a PE ratio of 16.39, a PEG ratio of 3.36 and a beta of 1.25. International Business Machines Co. has a twelve month low of $105.92 and a twelve month high of $148.74. The stock has a 50 day simple moving average of $135.20 and a 200-day simple moving average of $125.17. The company has a quick ratio of 1.00, a current ratio of 1.05 and a debt-to-equity ratio of 2.58.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Sunday, April 18th. The technology company reported $1.77 EPS for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.14. The business had revenue of $17.73 billion during the quarter, compared to the consensus estimate of $17.35 billion. International Business Machines had a return on equity of 48.69% and a net margin of 10.53%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the firm earned $1.84 earnings per share. As a group, equities research analysts predict that International Business Machines Co. will post 8.73 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 10th. Investors of record on Monday, May 10th will be paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 4.52%. This is an increase from International Business Machines’s previous quarterly dividend of $1.63. The ex-dividend date is Friday, May 7th. International Business Machines’s dividend payout ratio (DPR) is 50.90%.

International Business Machines Company Profile

International Business Machines Corporation provides integrated solutions and services worldwide. Its Cloud & Cognitive Software segment offers software for vertical and domain-specific solutions in health, financial services, supply chain, and asset management, weather, and security software and services application areas; and customer information control system and storage, and analytics and integration software solutions to support client mission critical on-premise workloads in banking, airline, and retail industries.

See Also: Systematic Risk

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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