Kavar Capital Partners Group LLC Has $5.80 Million Stock Position in International Business Machines Corporation (NYSE:IBM)

Kavar Capital Partners Group LLC cut its position in International Business Machines Corporation (NYSE:IBM) by 0.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,309 shares of the technology company’s stock after selling 144 shares during the quarter. International Business Machines makes up about 1.0% of Kavar Capital Partners Group LLC’s holdings, making the stock its 29th biggest position. Kavar Capital Partners Group LLC’s holdings in International Business Machines were worth $5,796,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in International Business Machines by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 91,839,252 shares of the technology company’s stock worth $20,189,023,000 after acquiring an additional 1,539,888 shares during the period. Geode Capital Management LLC increased its holdings in shares of International Business Machines by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 20,909,646 shares of the technology company’s stock worth $4,589,145,000 after purchasing an additional 427,499 shares during the period. Capital World Investors raised its position in shares of International Business Machines by 413.5% during the fourth quarter. Capital World Investors now owns 11,984,609 shares of the technology company’s stock valued at $2,634,577,000 after buying an additional 9,650,534 shares during the last quarter. Northern Trust Corp lifted its stake in shares of International Business Machines by 18.6% in the fourth quarter. Northern Trust Corp now owns 10,845,993 shares of the technology company’s stock valued at $2,384,275,000 after buying an additional 1,704,209 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in International Business Machines by 9.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,112,092 shares of the technology company’s stock worth $1,783,281,000 after buying an additional 722,582 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Down 0.8%

Shares of IBM stock opened at $291.38 on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 2.09. The company has a market capitalization of $270.81 billion, a P/E ratio of 50.15, a P/E/G ratio of 6.17 and a beta of 0.66. International Business Machines Corporation has a 12-month low of $170.41 and a 12-month high of $296.16. The firm has a 50-day moving average price of $260.83 and a 200 day moving average price of $246.71.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.42 by $0.18. International Business Machines had a return on equity of 37.43% and a net margin of 8.71%. The business had revenue of $14.54 billion for the quarter, compared to the consensus estimate of $14.41 billion. During the same period in the previous year, the business earned $1.68 EPS. International Business Machines’s revenue was up .5% compared to the same quarter last year. Research analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were paid a $1.68 dividend. This is a positive change from International Business Machines’s previous quarterly dividend of $1.67. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.31%. International Business Machines’s dividend payout ratio (DPR) is 115.66%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on IBM shares. Citigroup restated an “outperform” rating on shares of International Business Machines in a research note on Saturday, May 10th. Royal Bank Of Canada upped their target price on International Business Machines from $276.00 to $285.00 and gave the company an “outperform” rating in a research note on Thursday, May 15th. UBS Group reaffirmed a “sell” rating and issued a $170.00 target price (up from $160.00) on shares of International Business Machines in a research report on Wednesday, April 23rd. Wedbush boosted their price target on shares of International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, June 20th. Finally, Jefferies Financial Group restated a “hold” rating on shares of International Business Machines in a research note on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, International Business Machines has an average rating of “Hold” and an average target price of $253.75.

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.