Carson Advisory Inc. Sells 525 Shares of International Business Machines Corporation (NYSE:IBM)

Carson Advisory Inc. reduced its stake in shares of International Business Machines Corporation (NYSE:IBM) by 3.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,240 shares of the technology company’s stock after selling 525 shares during the period. International Business Machines accounts for about 2.4% of Carson Advisory Inc.’s portfolio, making the stock its 9th largest holding. Carson Advisory Inc.’s holdings in International Business Machines were worth $3,541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Christopher J. Hasenberg Inc acquired a new position in International Business Machines in the first quarter valued at $27,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in International Business Machines in the first quarter valued at $45,000. Park Square Financial Group LLC acquired a new position in International Business Machines in the fourth quarter valued at $43,000. Park Place Capital Corp boosted its stake in International Business Machines by 42.6% in the first quarter. Park Place Capital Corp now owns 194 shares of the technology company’s stock valued at $48,000 after acquiring an additional 58 shares in the last quarter. Finally, Measured Risk Portfolios Inc. acquired a new position in International Business Machines in the fourth quarter valued at $43,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on IBM. KGI Securities set a $242.00 target price on shares of International Business Machines and gave the stock a “hold” rating in a research note on Thursday, April 24th. UBS Group reissued a “sell” rating and set a $195.00 price target (up from $170.00) on shares of International Business Machines in a report on Wednesday, July 9th. Citigroup reissued an “outperform” rating on shares of International Business Machines in a report on Saturday, May 10th. Royal Bank Of Canada increased their price target on shares of International Business Machines from $285.00 to $315.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Wedbush increased their target price on shares of International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, June 20th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $266.19.

International Business Machines Stock Performance

Shares of IBM stock opened at $282.04 on Friday. International Business Machines Corporation has a 52 week low of $181.81 and a 52 week high of $296.16. The company has a market cap of $262.13 billion, a PE ratio of 48.54, a P/E/G ratio of 5.92 and a beta of 0.69. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 2.09. The company’s fifty day simple moving average is $275.65 and its 200-day simple moving average is $253.56.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.18. International Business Machines had a net margin of 8.71% and a return on equity of 37.43%. The firm had revenue of $14.54 billion for the quarter, compared to the consensus estimate of $14.41 billion. During the same quarter in the previous year, the firm posted $1.68 EPS. The firm’s quarterly revenue was up .5% on a year-over-year basis. As a group, equities research analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were paid a dividend of $1.68 per share. This is an increase from International Business Machines’s previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a yield of 2.38%. International Business Machines’s payout ratio is 115.66%.

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.