Vaughan David Investments LLC IL Sells 485 Shares of International Business Machines Co. (NYSE:IBM)

Vaughan David Investments LLC IL reduced its position in shares of International Business Machines Co. (NYSE:IBM) by 3.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,064 shares of the technology company’s stock after selling 485 shares during the period. Vaughan David Investments LLC IL’s holdings in International Business Machines were worth $2,495,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in IBM. FPC Investment Advisory Inc. bought a new stake in International Business Machines during the 1st quarter worth approximately $26,000. Naples Money Management LLC acquired a new position in International Business Machines during the 4th quarter worth about $28,000. ESL Trust Services LLC bought a new stake in shares of International Business Machines in the 1st quarter valued at about $28,000. Creekmur Asset Management LLC acquired a new stake in shares of International Business Machines in the fourth quarter valued at about $29,000. Finally, Ables Iannone Moore & Associates Inc. bought a new position in shares of International Business Machines during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Up 0.4 %

IBM traded up $0.65 during trading on Wednesday, hitting $184.75. 6,944,292 shares of the company’s stock were exchanged, compared to its average volume of 4,408,477. The stock has a market cap of $169.71 billion, a P/E ratio of 20.92, a PEG ratio of 4.55 and a beta of 0.71. The business’s 50 day moving average is $173.83 and its two-hundred day moving average is $178.81. International Business Machines Co. has a fifty-two week low of $135.87 and a fifty-two week high of $199.18. The company has a quick ratio of 1.09, a current ratio of 1.13 and a debt-to-equity ratio of 2.32.

International Business Machines (NYSE:IBM) last posted its earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.09. The company had revenue of $14.46 billion for the quarter, compared to analyst estimates of $14.53 billion. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The firm’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.36 EPS. As a group, equities analysts expect that International Business Machines Co. will post 9.89 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 10th were issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 3.62%. This is an increase from International Business Machines’s previous quarterly dividend of $1.66. The ex-dividend date of this dividend was Thursday, May 9th. International Business Machines’s payout ratio is currently 75.65%.

Analysts Set New Price Targets

A number of research firms have weighed in on IBM. BMO Capital Markets decreased their target price on shares of International Business Machines from $210.00 to $190.00 and set a “market perform” rating for the company in a research report on Thursday, April 25th. Wedbush increased their price objective on shares of International Business Machines from $140.00 to $160.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. BNP Paribas began coverage on shares of International Business Machines in a research report on Thursday, May 2nd. They set an “underperform” rating and a $145.00 price target on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $190.00 price objective on shares of International Business Machines in a research report on Thursday, May 16th. Finally, Jefferies Financial Group cut their target price on International Business Machines from $215.00 to $210.00 and set a “hold” rating on the stock in a research report on Tuesday, April 23rd. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $182.53.

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.