Livforsakringsbolaget Skandia Omsesidigt Lowers Stock Position in International Business Machines Co. (NYSE:IBM)

Livforsakringsbolaget Skandia Omsesidigt lessened its holdings in International Business Machines Co. (NYSE:IBM) by 2.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,953 shares of the technology company’s stock after selling 200 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in International Business Machines were worth $1,729,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. MADDEN SECURITIES Corp boosted its holdings in International Business Machines by 0.7% in the 1st quarter. MADDEN SECURITIES Corp now owns 14,505 shares of the technology company’s stock valued at $3,607,000 after purchasing an additional 95 shares in the last quarter. Accurate Wealth Management LLC boosted its holdings in International Business Machines by 11.8% in the 1st quarter. Accurate Wealth Management LLC now owns 5,767 shares of the technology company’s stock valued at $1,358,000 after purchasing an additional 607 shares in the last quarter. GAMMA Investing LLC boosted its holdings in International Business Machines by 19.3% in the 1st quarter. GAMMA Investing LLC now owns 17,694 shares of the technology company’s stock valued at $4,400,000 after purchasing an additional 2,862 shares in the last quarter. Wealthcare Capital Management LLC purchased a new stake in shares of International Business Machines during the 1st quarter worth approximately $210,000. Finally, Wealthcare Advisory Partners LLC boosted its stake in shares of International Business Machines by 2.3% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 19,030 shares of the technology company’s stock worth $4,732,000 after acquiring an additional 422 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

IBM stock opened at $272.13 on Tuesday. The stock’s 50 day moving average price is $248.62 and its 200 day moving average price is $242.46. 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 firm has a market cap of $252.92 billion, a P/E ratio of 42.45, a PEG ratio of 5.81 and a beta of 0.66. International Business Machines Co. has a 1 year low of $166.81 and a 1 year high of $275.26.

International Business Machines (NYSE:IBM) last issued its quarterly 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 company had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. International Business Machines’s revenue was up .5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.68 EPS. On average, sell-side 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 firm 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 is an increase from International Business Machines’s previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a yield of 2.47%. International Business Machines’s payout ratio is 115.66%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Wall Street Zen lowered International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, May 21st. KGI Securities set a $242.00 price target on International Business Machines and gave the stock a “hold” rating in a research note on Thursday, April 24th. Jefferies Financial Group reissued a “hold” rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Oppenheimer assumed coverage on International Business Machines in a research note on Tuesday, February 11th. They set an “outperform” rating and a $320.00 price target on the stock. Finally, Erste Group Bank raised International Business Machines from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 17th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $250.31.

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.