Indiana Trust & Investment Management CO Lowers Stake in International Business Machines Corp. (IBM)

Indiana Trust & Investment Management CO cut its stake in shares of International Business Machines Corp. (NYSE:IBM) by 3.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,580 shares of the technology company’s stock after selling 369 shares during the period. Indiana Trust & Investment Management CO’s holdings in International Business Machines were worth $1,470,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in IBM. Vanguard Group Inc. grew its stake in shares of International Business Machines by 3.7% during the 2nd quarter. Vanguard Group Inc. now owns 62,228,040 shares of the technology company’s stock valued at $9,572,538,000 after buying an additional 2,241,818 shares during the period. Nordea Investment Management AB grew its stake in shares of International Business Machines by 151.2% during the 2nd quarter. Nordea Investment Management AB now owns 3,250,047 shares of the technology company’s stock valued at $499,955,000 after buying an additional 1,956,033 shares during the period. Janus Henderson Group PLC grew its stake in shares of International Business Machines by 1,155.3% during the 2nd quarter. Janus Henderson Group PLC now owns 1,358,103 shares of the technology company’s stock valued at $208,923,000 after buying an additional 1,249,916 shares during the period. BlackRock Inc. grew its stake in shares of International Business Machines by 2.4% during the 2nd quarter. BlackRock Inc. now owns 52,936,360 shares of the technology company’s stock valued at $8,143,204,000 after buying an additional 1,241,441 shares during the period. Finally, Stifel Financial Corp grew its stake in shares of International Business Machines by 9,678.2% during the 3rd quarter. Stifel Financial Corp now owns 815,897 shares of the technology company’s stock valued at $118,347,000 after buying an additional 807,553 shares during the period. 58.78% of the stock is owned by institutional investors.

Several analysts have recently issued reports on IBM shares. Vetr raised shares of International Business Machines from a “buy” rating to a “strong-buy” rating and set a $165.26 price objective for the company in a research note on Wednesday, November 15th. Zacks Investment Research cut shares of International Business Machines from a “hold” rating to a “sell” rating in a research note on Tuesday, December 19th. Societe Generale set a $149.00 price target on shares of International Business Machines and gave the stock a “sell” rating in a research report on Friday, January 19th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $152.00 price target on shares of International Business Machines in a research report on Friday, January 19th. Finally, Morgan Stanley upped their price target on shares of International Business Machines to $198.00 and gave the stock an “overweight” rating in a research report on Friday, January 19th. Seven research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have given a buy rating to the stock. International Business Machines presently has a consensus rating of “Hold” and a consensus price target of $164.37.

In other International Business Machines news, Director Frederick H. Waddell acquired 610 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The shares were purchased at an average price of $163.38 per share, for a total transaction of $99,661.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.23% of the stock is owned by corporate insiders.

International Business Machines Corp. (NYSE IBM) opened at $156.18 on Tuesday. International Business Machines Corp. has a 1-year low of $139.13 and a 1-year high of $182.55. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.33 and a quick ratio of 1.29. The company has a market cap of $144,590.09, a price-to-earnings ratio of 11.29, a price-to-earnings-growth ratio of 2.28 and a beta of 0.94.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Thursday, January 18th. The technology company reported $5.18 EPS for the quarter, topping analysts’ consensus estimates of $5.17 by $0.01. International Business Machines had a net margin of 7.27% and a return on equity of 69.48%. The firm had revenue of $22.54 billion for the quarter, compared to analyst estimates of $22.03 billion. During the same quarter in the previous year, the business posted $5.01 EPS. The firm’s revenue was up 3.6% compared to the same quarter last year. equities analysts expect that International Business Machines Corp. will post 13.82 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Friday, February 9th will be paid a dividend of $1.50 per share. The ex-dividend date is Thursday, February 8th. This represents a $6.00 annualized dividend and a yield of 3.84%. International Business Machines’s dividend payout ratio (DPR) is 98.20%.

ILLEGAL ACTIVITY NOTICE: This report was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright legislation. The original version of this report can be accessed at https://www.dispatchtribunal.com/2018/02/20/indiana-trust-investment-management-co-lowers-stake-in-international-business-machines-corp-ibm.html.

International Business Machines Company Profile

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

Want to see what other hedge funds are holding IBM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Business Machines Corp. (NYSE:IBM).

Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

Receive News & Ratings for International Business Machines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Business Machines and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply