Wealth Dimensions Group Ltd. Sells 259 Shares of International Business Machines Co. (NYSE:IBM)

Wealth Dimensions Group Ltd. decreased its holdings in International Business Machines Co. (NYSE:IBM) by 6.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,965 shares of the technology company’s stock after selling 259 shares during the period. Wealth Dimensions Group Ltd.’s holdings in International Business Machines were worth $686,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. FPC Investment Advisory Inc. bought a new position in shares of International Business Machines during the 1st quarter worth $26,000. ESL Trust Services LLC bought a new stake in International Business Machines during the first quarter valued at about $28,000. Creekmur Asset Management LLC purchased a new position in International Business Machines in the fourth quarter valued at about $29,000. Ables Iannone Moore & Associates Inc. purchased a new position in International Business Machines in the fourth quarter valued at about $31,000. Finally, Financial Synergies Wealth Advisors Inc. raised its holdings in 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 in the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Price Performance

NYSE:IBM opened at $214.79 on Monday. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 1.08. The company has a 50 day moving average price of $192.83 and a 200-day moving average price of $183.37. International Business Machines Co. has a 1-year low of $135.87 and a 1-year high of $216.09. The firm has a market cap of $197.85 billion, a price-to-earnings ratio of 24.33, a price-to-earnings-growth ratio of 4.67 and a beta of 0.70.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.27. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The business had revenue of $15.77 billion for the quarter, compared to analyst estimates of $15.62 billion. During the same period in the prior year, the company posted $2.18 EPS. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. Equities research analysts forecast that International Business Machines Co. will post 10.1 EPS for the current year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were paid a $1.67 dividend. The ex-dividend date was Friday, August 9th. This represents a $6.68 dividend on an annualized basis and a yield of 3.11%. International Business Machines’s dividend payout ratio is currently 75.65%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on IBM. The Goldman Sachs Group began coverage on shares of International Business Machines in a research report on Monday, June 24th. They issued a “buy” rating and a $200.00 price objective on the stock. Stifel Nicolaus upped their price target on International Business Machines from $190.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. UBS Group boosted their target price on International Business Machines from $130.00 to $145.00 and gave the stock a “sell” rating in a research note on Wednesday, September 4th. StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th. Finally, Jefferies Financial Group increased their price objective on shares of International Business Machines from $190.00 to $200.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, International Business Machines has an average rating of “Hold” and an average price target of $188.60.

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.