Little House Capital LLC Sells 929 Shares of International Business Machines Co. (NYSE:IBM)

Little House Capital LLC lowered its position in International Business Machines Co. (NYSE:IBM) by 7.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,893 shares of the technology company’s stock after selling 929 shares during the period. Little House Capital LLC’s holdings in International Business Machines were worth $2,271,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Naples Money Management LLC bought a new position in International Business Machines in the fourth quarter worth approximately $28,000. Creekmur Asset Management LLC purchased a new stake in shares of International Business Machines in the fourth quarter worth approximately $29,000. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of International Business Machines in the fourth quarter worth approximately $31,000. Financial Synergies Wealth Advisors Inc. raised its stake in shares of International Business Machines by 164.0% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock worth $38,000 after purchasing an additional 123 shares during the last quarter. Finally, Versant Capital Management Inc raised its stake in shares of International Business Machines by 54.6% in the first quarter. Versant Capital Management Inc now owns 218 shares of the technology company’s stock worth $42,000 after purchasing an additional 77 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

NYSE:IBM traded up $2.20 during trading hours on Monday, hitting $175.15. 1,908,058 shares of the company’s stock traded hands, compared to its average volume of 4,545,344. The firm has a market cap of $160.89 billion, a P/E ratio of 19.77, a P/E/G ratio of 4.27 and a beta of 0.71. International Business Machines Co. has a 52 week low of $131.55 and a 52 week high of $199.18. The business’s fifty day simple moving average is $169.95 and its two-hundred day simple moving average is $176.57. The company has a quick ratio of 1.09, a current ratio of 1.13 and a debt-to-equity ratio of 2.32.

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

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 10th were given a dividend of $1.67 per share. This is an increase from International Business Machines’s previous quarterly dividend of $1.66. The ex-dividend date was Thursday, May 9th. This represents a $6.68 dividend on an annualized basis and a yield of 3.81%. International Business Machines’s dividend payout ratio (DPR) is presently 75.65%.

Wall Street Analysts Forecast Growth

IBM has been the subject of several analyst reports. Morgan Stanley lowered their price objective on International Business Machines from $186.00 to $179.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. JPMorgan Chase & Co. decreased their price target on International Business Machines from $190.00 to $185.00 and set a “neutral” rating for the company in a research report on Thursday, April 25th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price target on shares of International Business Machines in a research report on Wednesday, May 22nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $190.00 price target on shares of International Business Machines in a research report on Thursday, May 16th. Finally, BNP Paribas began coverage on International Business Machines in a research report on Thursday, May 2nd. They set an “underperform” rating and a $145.00 price target for the company. Three equities research 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $182.53.

International Business Machines 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.