Inman Jager Wealth Management LLC Trims Position in International Business Machines Corporation (NYSE:IBM)

Inman Jager Wealth Management LLC reduced its position in International Business Machines Corporation (NYSE:IBM) by 6.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 8,100 shares of the technology company’s stock after selling 541 shares during the period. International Business Machines comprises approximately 1.5% of Inman Jager Wealth Management LLC’s holdings, making the stock its 16th biggest holding. Inman Jager Wealth Management LLC’s holdings in International Business Machines were worth $2,014,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Vision Financial Markets LLC acquired a new position in International Business Machines in the fourth quarter valued at $31,000. Rialto Wealth Management LLC purchased a new stake in International Business Machines in the 4th quarter valued at about $35,000. Tacita Capital Inc increased its stake in shares of International Business Machines by 174.3% during the 4th quarter. Tacita Capital Inc now owns 192 shares of the technology company’s stock valued at $42,000 after acquiring an additional 122 shares during the last quarter. Measured Risk Portfolios Inc. purchased a new position in shares of International Business Machines during the 4th quarter worth about $43,000. Finally, Park Square Financial Group LLC acquired a new stake in shares of International Business Machines in the fourth quarter worth approximately $43,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Performance

International Business Machines stock opened at $291.38 on Thursday. International Business Machines Corporation has a 12-month low of $170.41 and a 12-month high of $296.16. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.01 and a quick ratio of 0.97. The company has a market capitalization of $270.81 billion, a price-to-earnings ratio of 50.15, a price-to-earnings-growth ratio of 6.17 and a beta of 0.66. The firm’s fifty day moving average price is $260.83 and its 200 day moving average price is $246.71.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.18. International Business Machines had a return on equity of 37.43% and a net margin of 8.71%. The business had revenue of $14.54 billion for the quarter, compared to analyst estimates of $14.41 billion. During the same period in the previous year, the company earned $1.68 earnings per share. The company’s revenue for the quarter was up .5% compared to the same quarter last year. On average, research analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were given a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.31%. This is an increase from International Business Machines’s previous quarterly dividend of $1.67. International Business Machines’s dividend payout ratio (DPR) is presently 115.66%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Citigroup reaffirmed an “outperform” rating on shares of International Business Machines in a research note on Saturday, May 10th. Morgan Stanley cut their target price on International Business Machines from $237.00 to $233.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 24th. BMO Capital Markets reissued a “market perform” rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Erste Group Bank upgraded International Business Machines from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Finally, UBS Group reaffirmed a “sell” rating and issued a $170.00 price objective (up from $160.00) on shares of International Business Machines in a research note on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $253.75.

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.