International Business Machines Co. (NYSE:IBM) Shares Sold by HFG Advisors Inc.

HFG Advisors Inc. lowered its stake in shares of International Business Machines Co. (NYSE:IBM) by 17.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,727 shares of the technology company’s stock after selling 575 shares during the period. HFG Advisors Inc.’s holdings in International Business Machines were worth $472,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of IBM. Norges Bank acquired a new position in shares of International Business Machines in the 4th quarter valued at $1,019,009,000. Vanguard Group Inc. lifted its stake in International Business Machines by 6.7% during the 1st quarter. Vanguard Group Inc. now owns 88,152,714 shares of the technology company’s stock worth $16,833,642,000 after acquiring an additional 5,546,855 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in International Business Machines by 151.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,515,666 shares of the technology company’s stock worth $671,352,000 after acquiring an additional 2,118,165 shares in the last quarter. Capital Wealth Planning LLC acquired a new position in International Business Machines during the 4th quarter worth about $172,887,000. Finally, National Bank of Canada FI lifted its stake in International Business Machines by 79.4% during the 1st quarter. National Bank of Canada FI now owns 922,496 shares of the technology company’s stock worth $176,160,000 after acquiring an additional 408,230 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Up 0.3 %

Shares of IBM traded up $0.51 during mid-day trading on Friday, reaching $191.45. The company’s stock had a trading volume of 2,773,706 shares, compared to its average volume of 4,412,066. International Business Machines Co. has a 12-month low of $135.87 and a 12-month high of $199.18. The stock has a market cap of $175.87 billion, a PE ratio of 21.68, a price-to-earnings-growth ratio of 4.24 and a beta of 0.71. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 1.08. The company’s 50 day moving average is $178.65 and its 200 day moving average is $180.80.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.27. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The firm had revenue of $15.77 billion during the quarter, compared to analysts’ expectations of $15.62 billion. During the same period in the prior year, the firm earned $2.18 EPS. The business’s revenue was up 1.9% on a year-over-year basis. Equities analysts anticipate that International Business Machines Co. will post 10.06 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th will be given a dividend of $1.67 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $6.68 dividend on an annualized basis and a yield of 3.49%. International Business Machines’s payout ratio is 75.65%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on IBM shares. Morgan Stanley decreased their target price on International Business Machines from $186.00 to $179.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th. UBS Group upped their price target on International Business Machines from $125.00 to $130.00 and gave the stock a “sell” rating in a report on Monday, April 22nd. StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th. The Goldman Sachs Group began coverage on International Business Machines in a report on Monday, June 24th. They set a “buy” rating and a $200.00 price target on the stock. Finally, BNP Paribas began coverage on International Business Machines in a report on Thursday, May 2nd. They set an “underperform” rating and a $145.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, International Business Machines presently has an average rating of “Hold” and an average target price of $184.93.

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.