International Business Machines Corporation (NYSE:IBM) Stock Holdings Lowered by Kavar Capital Partners Group LLC

Kavar Capital Partners Group LLC trimmed its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 0.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,309 shares of the technology company’s stock after selling 144 shares during the period. International Business Machines comprises approximately 1.0% of Kavar Capital Partners Group LLC’s investment portfolio, making the stock its 29th biggest position. Kavar Capital Partners Group LLC’s holdings in International Business Machines were worth $5,796,000 as of its most recent SEC filing.

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

International Business Machines Price Performance

Shares of IBM opened at $291.38 on Thursday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.97 and a current ratio of 1.01. The firm has a market cap of $270.81 billion, a PE ratio of 50.15, a PEG ratio of 6.17 and a beta of 0.66. International Business Machines Corporation has a twelve month low of $170.41 and a twelve month high of $296.16. The firm’s 50 day moving average price is $260.83 and its 200 day moving average price is $246.71.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.18. The business had revenue of $14.54 billion during the quarter, compared to analyst estimates of $14.41 billion. International Business Machines had a net margin of 8.71% and a return on equity of 37.43%. International Business Machines’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.68 EPS. As a group, research analysts expect 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 paid a dividend of $1.68 per share. This represents a $6.72 annualized dividend 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 is 115.66%.

Analyst Upgrades and Downgrades

IBM has been the subject of a number of recent analyst reports. UBS Group reaffirmed a “sell” rating and issued a $170.00 price objective (up previously from $160.00) on shares of International Business Machines in a research note on Wednesday, April 23rd. Morgan Stanley lowered their price target on International Business Machines from $237.00 to $233.00 and set an “equal weight” rating on the stock in a report on Thursday, April 24th. Erste Group Bank raised International Business Machines from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. Wall Street Zen lowered International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday, May 21st. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of International Business Machines in a research note on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, International Business Machines has an average rating of “Hold” and a consensus price target 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.