World Investment Advisors Has $14.34 Million Position in International Business Machines Corporation $IBM

World Investment Advisors trimmed its position in shares of International Business Machines Corporation (NYSE:IBM) by 10.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,147 shares of the technology company’s stock after selling 6,988 shares during the period. World Investment Advisors’ holdings in International Business Machines were worth $14,337,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of IBM. VIRGINIA RETIREMENT SYSTEMS ET Al raised its stake in shares of International Business Machines by 424.6% in the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 260,740 shares of the technology company’s stock valued at $77,234,000 after buying an additional 211,040 shares in the last quarter. GLOBALT Investments LLC GA boosted its position in shares of International Business Machines by 19.1% during the 4th quarter. GLOBALT Investments LLC GA now owns 18,288 shares of the technology company’s stock valued at $5,417,000 after acquiring an additional 2,930 shares in the last quarter. Newbridge Financial Services Group Inc. increased its stake in International Business Machines by 30.0% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 13,122 shares of the technology company’s stock valued at $3,887,000 after acquiring an additional 3,029 shares during the period. Rice Partnership LLC bought a new stake in International Business Machines in the fourth quarter valued at about $3,317,000. Finally, Sage Investment Advisers LLC acquired a new position in International Business Machines in the fourth quarter worth about $4,101,000. Institutional investors own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

IBM has been the subject of a number of analyst reports. Susquehanna started coverage on shares of International Business Machines in a research note on Tuesday, June 23rd. They set a “neutral” rating for the company. Oppenheimer lowered their price objective on International Business Machines from $380.00 to $320.00 and set an “outperform” rating on the stock in a research note on Thursday, April 16th. Jefferies Financial Group assumed coverage on International Business Machines in a report on Tuesday, June 23rd. They issued a “buy” rating for the company. BMO Capital Markets cut their target price on International Business Machines from $290.00 to $270.00 and set a “market perform” rating for the company in a research report on Thursday, April 23rd. Finally, Needham & Company LLC initiated coverage on International Business Machines in a research note on Wednesday, June 3rd. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, International Business Machines presently has a consensus rating of “Moderate Buy” and an average price target of $306.76.

International Business Machines Stock Performance

NYSE:IBM opened at $288.95 on Friday. The stock has a market capitalization of $271.58 billion, a P/E ratio of 25.55, a price-to-earnings-growth ratio of 3.00 and a beta of 0.68. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 1.75. International Business Machines Corporation has a 1 year low of $212.34 and a 1 year high of $332.46. The firm has a 50 day moving average of $256.99 and a 200-day moving average of $266.36.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.10. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.The firm had revenue of $15.92 billion during the quarter, compared to analysts’ expectations of $15.60 billion. During the same period last year, the firm posted $1.60 EPS. The business’s revenue was up 9.5% on a year-over-year basis. As a group, sell-side analysts anticipate that International Business Machines Corporation will post 12.4 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were given a dividend of $1.69 per share. The ex-dividend date was Friday, May 8th. This is a positive change from International Business Machines’s previous quarterly dividend of $1.68. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.3%. International Business Machines’s dividend payout ratio (DPR) is currently 59.77%.

International Business Machines Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.