International Business Machines Co. (NYSE:IBM) Shares Sold by First National Bank & Trust Co. of Newtown

First National Bank & Trust Co. of Newtown decreased its stake in shares of International Business Machines Co. (NYSE:IBM) by 11.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,909 shares of the technology company’s stock after selling 775 shares during the period. First National Bank & Trust Co. of Newtown’s holdings in International Business Machines were worth $966,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Cornerstone Planning Group LLC acquired a new position in shares of International Business Machines in the 2nd quarter worth approximately $28,000. Live Oak Investment Partners acquired a new position in shares of International Business Machines in the 4th quarter worth approximately $30,000. Briaud Financial Planning Inc acquired a new position in shares of International Business Machines in the 3rd quarter worth approximately $31,000. PCA Investment Advisory Services Inc. acquired a new position in shares of International Business Machines in the 2nd quarter worth approximately $31,000. Finally, Stone House Investment Management LLC grew its stake in shares of International Business Machines by 971.4% in the 3rd quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock worth $32,000 after purchasing an additional 204 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Up 0.2 %

Shares of IBM stock traded up $0.31 during trading on Friday, hitting $181.78. 838,202 shares of the company were exchanged, compared to its average volume of 4,751,021. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.93 and a current ratio of 0.96. The firm has a market capitalization of $166.64 billion, a price-to-earnings ratio of 22.43, a P/E/G ratio of 3.58 and a beta of 0.70. The business’s 50-day simple moving average is $188.56 and its 200 day simple moving average is $168.63. International Business Machines Co. has a twelve month low of $120.55 and a twelve month high of $199.18.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, January 24th. The technology company reported $3.87 EPS for the quarter, topping the consensus estimate of $3.78 by $0.09. The business had revenue of $17.38 billion during the quarter, compared to analysts’ expectations of $17.29 billion. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period last year, the company posted $3.60 earnings per share. As a group, analysts forecast that International Business Machines Co. will post 10.07 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were issued a dividend of $1.66 per share. This represents a $6.64 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s dividend payout ratio is currently 81.67%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Bank of America lifted their price objective on shares of International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. BMO Capital Markets lifted their target price on shares of International Business Machines from $155.00 to $210.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. Stifel Nicolaus reissued a “buy” rating and issued a $190.00 target price on shares of International Business Machines in a research report on Wednesday. Evercore raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. Finally, Sanford C. Bernstein lifted their target price on shares of International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a research report on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $178.67.

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.