Toth Financial Advisory Corp Sells 4,906 Shares of International Business Machines Co. (NYSE:IBM)

Toth Financial Advisory Corp trimmed its position in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 12.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,785 shares of the technology company's stock after selling 4,906 shares during the period. Toth Financial Advisory Corp's holdings in International Business Machines were worth $6,452,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Naples Money Management LLC acquired a new position in shares of International Business Machines in the fourth quarter valued at $28,000. Creekmur Asset Management LLC acquired a new position in shares of International Business Machines in the fourth quarter valued at $29,000. Ables Iannone Moore & Associates Inc. acquired a new position in shares of International Business Machines in the fourth quarter valued at $31,000. Stone House Investment Management LLC increased its holdings in shares of International Business Machines by 971.4% in the third quarter. Stone House Investment Management LLC now owns 225 shares of the technology company's stock valued at $32,000 after purchasing an additional 204 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. increased its holdings in shares of International Business Machines by 67.9% in the third quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company's stock valued at $32,000 after purchasing an additional 91 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IBM has been the topic of several research reports. BNP Paribas initiated coverage on shares of International Business Machines in a report on Thursday, May 2nd. They issued an "underperform" rating and a $145.00 price objective on the stock. UBS Group upped their price target on shares of International Business Machines from $125.00 to $130.00 and gave the company a "sell" rating in a research note on Monday, April 22nd. The Goldman Sachs Group initiated coverage on shares of International Business Machines in a research note on Monday, June 24th. They issued a "buy" rating and a $200.00 price target on the stock. JPMorgan Chase & Co. decreased their price target on shares of International Business Machines from $190.00 to $185.00 and set a "neutral" rating on the stock in a research note on Thursday, April 25th. Finally, Jefferies Financial Group decreased their price target on shares of International Business Machines from $215.00 to $210.00 and set a "hold" rating on the stock in a research note on Tuesday, April 23rd. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $182.53.

International Business Machines Price Performance

IBM traded up $2.10 on Friday, hitting $172.95. 4,193,459 shares of the stock were exchanged, compared to its average volume of 3,570,876. The firm has a market capitalization of $158.87 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 4.21 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 Co. has a 12 month low of $131.55 and a 12 month high of $199.18. The business has a 50-day moving average of $169.95 and a two-hundred day moving average of $176.48.

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, topping analysts' consensus estimates of $1.59 by $0.09. The firm had revenue of $14.46 billion during the quarter, compared to analysts' expectations of $14.53 billion. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The business's revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.36 earnings per share. Sell-side analysts forecast that International Business Machines Co. will post 9.9 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 10th were issued a $1.67 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.86%. This is a boost from International Business Machines's previous quarterly dividend of $1.66. International Business Machines's dividend payout ratio is 75.65%.

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.