International Business Machines Co. (NYSE:IBM) Shares Sold by Arbor Trust Wealth Advisors LLC

Arbor Trust Wealth Advisors LLC decreased its holdings in International Business Machines Co. (NYSE:IBM) by 4.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,110 shares of the technology company’s stock after selling 210 shares during the quarter. Arbor Trust Wealth Advisors LLC’s holdings in International Business Machines were worth $672,000 as of its most recent SEC filing.

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

International Business Machines Trading Up 1.4 %

NYSE IBM traded up $2.52 on Tuesday, reaching $183.77. The stock had a trading volume of 4,473,421 shares, compared to its average volume of 4,854,836. The firm has a market capitalization of $168.47 billion, a price-to-earnings ratio of 22.63, a P/E/G ratio of 3.57 and a beta of 0.70. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22. International Business Machines Co. has a 12-month low of $120.55 and a 12-month high of $199.18. The stock has a fifty day moving average price of $188.62 and a two-hundred day moving average price of $168.13.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.78 by $0.09. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. The company had revenue of $17.38 billion for the quarter, compared to analyst estimates of $17.29 billion. During the same quarter in the previous year, the company earned $3.60 earnings per share. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. As a group, sell-side 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 disclosed a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were given a dividend of $1.66 per share. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date was Thursday, February 8th. International Business Machines’s dividend payout ratio is currently 81.67%.

Analyst Ratings Changes

A number of analysts have commented on the company. Sanford C. Bernstein lifted their price target on 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. BMO Capital Markets lifted their price target on 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 lifted their price objective on International Business Machines from $144.00 to $183.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. Evercore upgraded International Business Machines from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $165.00 to $200.00 in a research note on Friday, January 19th. Finally, Bank of America lifted their price objective on International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. One 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. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $178.08.

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.