CFM Wealth Partners LLC Sells 717 Shares of International Business Machines Co. (NYSE:IBM)

CFM Wealth Partners LLC lessened its stake in shares of International Business Machines Co. (NYSE:IBM) by 23.0% in the 1st quarter, HoldingsChannel.com reports. The fund owned 2,407 shares of the technology company’s stock after selling 717 shares during the period. CFM Wealth Partners LLC’s holdings in International Business Machines were worth $460,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Naples Money Management LLC bought a new stake in shares of International Business Machines during the 4th quarter worth about $28,000. Creekmur Asset Management LLC bought a new stake in shares of International Business Machines during the 4th quarter worth about $29,000. Ables Iannone Moore & Associates Inc. bought a new stake in shares of International Business Machines during the 4th quarter worth about $31,000. Financial Synergies Wealth Advisors Inc. boosted its stake in International Business Machines by 164.0% during the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock valued at $38,000 after purchasing an additional 123 shares during the period. Finally, Versant Capital Management Inc boosted its stake in International Business Machines by 54.6% during the 1st quarter. Versant Capital Management Inc now owns 218 shares of the technology company’s stock valued at $42,000 after purchasing an additional 77 shares during the period. Institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

Shares of IBM traded down $0.73 during mid-day trading on Wednesday, reaching $171.87. The company had a trading volume of 2,676,716 shares, compared to its average volume of 4,583,372. International Business Machines Co. has a twelve month low of $130.83 and a twelve month high of $199.18. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.13 and a quick ratio of 1.09. The company’s 50-day moving average is $170.56 and its 200-day moving average is $176.40. The company has a market capitalization of $157.88 billion, a P/E ratio of 19.46, a P/E/G ratio of 4.26 and a beta of 0.72.

International Business Machines (NYSE:IBM) last issued its earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.09. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The business had revenue of $14.46 billion during the quarter, compared to analysts’ expectations of $14.53 billion. During the same period in the prior year, the firm posted $1.36 EPS. International Business Machines’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, equities analysts anticipate that International Business Machines Co. will post 9.9 EPS for the current 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 was Thursday, May 9th. This is a boost from International Business Machines’s previous quarterly dividend of $1.66. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.89%. International Business Machines’s dividend payout ratio is presently 75.65%.

Analysts Set New Price Targets

Several analysts recently weighed in on IBM shares. JPMorgan Chase & Co. decreased their target price on International Business Machines from $190.00 to $185.00 and set a “neutral” rating for the company in a research note on Thursday, April 25th. BNP Paribas started coverage on International Business Machines in a research note on Thursday, May 2nd. They set an “underperform” rating and a $145.00 target price for the company. Stifel Nicolaus restated a “buy” rating and set a $190.00 target price on shares of International Business Machines in a research note on Thursday, May 16th. Bank of America increased their target price on International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $200.00 target price on shares of International Business Machines in a research note on Wednesday, May 22nd. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, International Business Machines has an average rating of “Hold” and an average target price of $182.53.

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.