G&S Capital LLC Sells 4,894 Shares of International Business Machines Co. (NYSE:IBM)

G&S Capital LLC decreased its position in International Business Machines Co. (NYSE:IBM - Free Report) by 64.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,670 shares of the technology company's stock after selling 4,894 shares during the period. G&S Capital LLC's holdings in International Business Machines were worth $510,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IBM. Clearbridge Investments LLC increased its holdings in International Business Machines by 5.8% in the third quarter. Clearbridge Investments LLC now owns 34,406 shares of the technology company's stock valued at $4,827,000 after buying an additional 1,891 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position in shares of International Business Machines by 18.7% in the third quarter. O Shaughnessy Asset Management LLC now owns 138,941 shares of the technology company's stock valued at $19,493,000 after purchasing an additional 21,886 shares during the period. Westfield Capital Management Co. LP grew its position in shares of International Business Machines by 6.4% in the third quarter. Westfield Capital Management Co. LP now owns 90,209 shares of the technology company's stock valued at $12,656,000 after purchasing an additional 5,394 shares during the period. Valley National Advisers Inc. grew its position in shares of International Business Machines by 16.6% in the third quarter. Valley National Advisers Inc. now owns 2,640 shares of the technology company's stock valued at $370,000 after purchasing an additional 375 shares during the period. Finally, Summit Financial Wealth Advisors LLC grew its position in shares of International Business Machines by 2.7% in the third quarter. Summit Financial Wealth Advisors LLC now owns 18,867 shares of the technology company's stock valued at $2,808,000 after purchasing an additional 500 shares during the period. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines Stock Down 0.6 %

Shares of IBM traded down $0.99 during midday trading on Thursday, reaching $170.88. The stock had a trading volume of 2,893,633 shares, compared to its average volume of 4,569,640. International Business Machines Co. has a 1-year low of $130.91 and a 1-year high of $199.18. The company's fifty day simple moving average is $170.34 and its two-hundred day simple moving average is $176.37. The company has a market cap of $156.97 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 4.26 and a beta of 0.72. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.13 and a quick ratio of 1.09.

International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results on Tuesday, April 30th. The technology company reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.59 by $0.09. The firm had revenue of $14.46 billion for the quarter, compared to the consensus estimate of $14.53 billion. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The company's revenue was up 1.5% on a year-over-year basis. During the same period last year, the firm posted $1.36 EPS. Equities research analysts expect that International Business Machines Co. will post 9.9 earnings per share for the current year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 10th were given a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.91%. 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 dividend payout ratio (DPR) is 75.65%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on IBM. Wedbush boosted their price target 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. Stifel Nicolaus restated a "buy" rating and set a $190.00 price target on shares of International Business Machines in a research report on Thursday, May 16th. Sanford C. Bernstein boosted their price target on shares of International Business Machines from $165.00 to $186.00 and gave the stock a "market perform" rating in a research report on Thursday, March 7th. JPMorgan Chase & Co. decreased their target price on shares of International Business Machines from $190.00 to $185.00 and set a "neutral" rating on the stock in a report on Thursday, April 25th. Finally, StockNews.com upgraded shares of International Business Machines from a "hold" rating to a "buy" rating in a report on Wednesday, June 19th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $182.53.

About International Business Machines

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.