Advisory Resource Group Has $342,000 Stock Holdings in International Business Machines Corporation (NYSE:IBM)

Advisory Resource Group trimmed its position in International Business Machines Corporation (NYSE:IBM) by 8.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,375 shares of the technology company’s stock after selling 131 shares during the period. Advisory Resource Group’s holdings in International Business Machines were worth $342,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Sterling Investment Counsel LLC raised its holdings in International Business Machines by 68.9% during the 1st quarter. Sterling Investment Counsel LLC now owns 2,741 shares of the technology company’s stock worth $682,000 after buying an additional 1,118 shares during the period. Global X Japan Co. Ltd. raised its holdings in International Business Machines by 14.7% during the 1st quarter. Global X Japan Co. Ltd. now owns 2,925 shares of the technology company’s stock worth $727,000 after buying an additional 374 shares during the period. Premier Path Wealth Partners LLC raised its holdings in International Business Machines by 2.1% during the 1st quarter. Premier Path Wealth Partners LLC now owns 5,673 shares of the technology company’s stock worth $1,411,000 after buying an additional 118 shares during the period. Johnson Investment Counsel Inc. raised its holdings in International Business Machines by 1.5% during the 1st quarter. Johnson Investment Counsel Inc. now owns 39,905 shares of the technology company’s stock worth $9,923,000 after buying an additional 604 shares during the period. Finally, Grandview Asset Management LLC raised its holdings in International Business Machines by 0.9% during the 1st quarter. Grandview Asset Management LLC now owns 5,455 shares of the technology company’s stock worth $1,356,000 after buying an additional 46 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on IBM. Bank of America raised their target price on shares of International Business Machines from $290.00 to $320.00 and gave the stock a “buy” rating in a report on Wednesday. Wedbush restated an “outperform” rating and set a $300.00 target price on shares of International Business Machines in a report on Wednesday, May 7th. BMO Capital Markets reaffirmed a “market perform” rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Morgan Stanley decreased their price target on shares of International Business Machines from $237.00 to $233.00 and set an “equal weight” rating for the company in a research note on Thursday, April 24th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of International Business Machines in a research note on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $252.19.

International Business Machines Trading Up 0.0%

IBM opened at $283.15 on Thursday. International Business Machines Corporation has a twelve month low of $170.41 and a twelve month high of $286.91. The company has a 50-day simple moving average of $255.73 and a 200 day simple moving average of $244.81. 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 stock has a market capitalization of $263.16 billion, a price-to-earnings ratio of 48.74, a P/E/G ratio of 5.94 and a beta of 0.66.

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

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were issued a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.37%. This is a boost from International Business Machines’s previous quarterly dividend of $1.67. International Business Machines’s dividend payout ratio is 115.66%.

International Business Machines Company Profile

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.