Fiduciary Financial Group LLC Trims Holdings in International Business Machines Co. (NYSE:IBM)

Fiduciary Financial Group LLC trimmed its position in International Business Machines Co. (NYSE:IBM) by 8.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,976 shares of the technology company’s stock after selling 185 shares during the period. Fiduciary Financial Group LLC’s holdings in International Business Machines were worth $454,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of IBM. JBR Co Financial Management Inc raised its holdings in shares of International Business Machines by 0.6% in the 4th quarter. JBR Co Financial Management Inc now owns 6,390 shares of the technology company’s stock worth $1,405,000 after buying an additional 40 shares in the last quarter. Wealth Dimensions Group Ltd. boosted its stake in International Business Machines by 1.0% in the 4th quarter. Wealth Dimensions Group Ltd. now owns 3,972 shares of the technology company’s stock valued at $873,000 after buying an additional 40 shares in the last quarter. Pallas Capital Advisors LLC grew its position in International Business Machines by 0.9% in the first quarter. Pallas Capital Advisors LLC now owns 4,805 shares of the technology company’s stock valued at $1,195,000 after acquiring an additional 42 shares during the period. Schechter Investment Advisors LLC raised its stake in International Business Machines by 0.7% during the fourth quarter. Schechter Investment Advisors LLC now owns 6,351 shares of the technology company’s stock worth $1,396,000 after acquiring an additional 43 shares in the last quarter. Finally, Titleist Asset Management LLC lifted its holdings in shares of International Business Machines by 3.1% during the fourth quarter. Titleist Asset Management LLC now owns 1,431 shares of the technology company’s stock valued at $315,000 after acquiring an additional 43 shares during the period. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Price Performance

International Business Machines stock opened at $272.13 on Tuesday. The firm has a market capitalization 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 $274.22. The business has a 50-day moving average of $248.62 and a 200-day moving average of $242.46. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.18. The company had revenue of $14.54 billion during the quarter, compared to analyst estimates of $14.41 billion. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.68 EPS. On average, equities analysts anticipate that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be given a dividend of $1.68 per share. This is a positive change from International Business Machines’s previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a dividend yield of 2.47%. International Business Machines’s payout ratio is presently 115.66%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on IBM shares. Wedbush reissued an “outperform” rating and set a $300.00 price target on shares of International Business Machines in a report on Wednesday, May 7th. UBS Group reiterated a “sell” rating and issued a $170.00 target price (up previously from $160.00) on shares of International Business Machines in a research note on Wednesday, April 23rd. BMO Capital Markets restated a “market perform” rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Jefferies Financial Group reiterated a “hold” rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Finally, Citigroup restated an “outperform” rating on shares of International Business Machines in a report on Saturday, May 10th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock 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.