First National Trust Co lessened its position in shares of International Business Machines Corp. (NYSE:IBM) by 1.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,304 shares of the technology company’s stock after selling 528 shares during the quarter. First National Trust Co’s holdings in International Business Machines were worth $4,802,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in IBM. Vanguard Group Inc. boosted its stake in International Business Machines by 3.7% in 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 in the last quarter. BlackRock Inc. boosted its stake in International Business Machines by 2.4% in 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 in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in International Business Machines by 4.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 5,242,553 shares of the technology company’s stock valued at $763,790,000 after buying an additional 216,212 shares in the last quarter. Legal & General Group Plc boosted its stake in International Business Machines by 2.5% in the third quarter. Legal & General Group Plc now owns 4,929,973 shares of the technology company’s stock worth $715,252,000 after purchasing an additional 119,747 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in International Business Machines by 3.8% in the third quarter. Schwab Charles Investment Management Inc. now owns 4,826,502 shares of the technology company’s stock worth $700,229,000 after purchasing an additional 175,289 shares in the last quarter. 58.78% of the stock is currently owned by institutional investors.
IBM has been the topic of a number of recent analyst reports. Morgan Stanley lowered International Business Machines from an “equal weight” rating to an “underweight” rating and boosted their price objective for the stock from $200.00 to $205.00 in a research note on Tuesday, January 23rd. Societe Generale set a $149.00 price objective on International Business Machines and gave the stock a “sell” rating in a research note on Friday, January 19th. Vetr raised International Business Machines from a “buy” rating to a “strong-buy” rating and set a $173.45 price objective on the stock in a research note on Wednesday, December 6th. BMO Capital Markets reissued a “hold” rating and issued a $175.00 price objective on shares of International Business Machines in a research note on Thursday, January 11th. They noted that the move was a valuation call. Finally, Barclays raised International Business Machines from an “underweight” rating to an “overweight” rating and boosted their price objective for the stock from $133.00 to $192.00 in a research note on Wednesday, January 17th. Seven research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $164.37.
Shares of International Business Machines Corp. (NYSE:IBM) opened at $155.52 on Friday. The company has a market capitalization of $143,979.02, a PE ratio of 11.25, a P/E/G ratio of 2.27 and a beta of 0.94. The company has a quick ratio of 1.29, a current ratio of 1.33 and a debt-to-equity ratio of 2.25. International Business Machines Corp. has a fifty-two week low of $139.13 and a fifty-two week high of $182.55.
International Business Machines (NYSE:IBM) last released its quarterly earnings data on Thursday, January 18th. The technology company reported $5.18 EPS for the quarter, beating analysts’ consensus estimates of $5.17 by $0.01. The business had revenue of $22.54 billion during the quarter, compared to the consensus estimate of $22.03 billion. International Business Machines had a return on equity of 69.48% and a net margin of 7.27%. The firm’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.01 earnings per share. equities analysts expect that International Business Machines Corp. will post 13.83 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Friday, February 9th will be issued a $1.50 dividend. The ex-dividend date is Thursday, February 8th. This represents a $6.00 dividend on an annualized basis and a yield of 3.86%. International Business Machines’s dividend payout ratio is presently 98.20%.
In related news, Director Frederick H. Waddell acquired 610 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The stock was acquired at an average price of $163.38 per share, for a total transaction of $99,661.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.23% of the company’s stock.
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About International Business Machines
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.
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