Trust Investment Advisors Purchases 1,240 Shares of International Business Machines Co. (NYSE:IBM)

Trust Investment Advisors grew its position in International Business Machines Co. (NYSE:IBM) by 11.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,963 shares of the technology company’s stock after acquiring an additional 1,240 shares during the period. International Business Machines accounts for 1.5% of Trust Investment Advisors’ portfolio, making the stock its 11th largest holding. Trust Investment Advisors’ holdings in International Business Machines were worth $1,957,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Cornerstone Planning Group LLC bought a new stake in shares of International Business Machines during the second quarter worth $28,000. Live Oak Investment Partners acquired a new position in International Business Machines during the 4th quarter worth about $30,000. Briaud Financial Planning Inc bought 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 in the 2nd quarter valued at about $31,000. Finally, Stone House Investment Management LLC raised its stake in shares of International Business Machines by 971.4% in the third 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 last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Trading Down 0.9 %

NYSE IBM traded down $1.63 during trading on Thursday, reaching $181.47. 2,885,881 shares of the stock traded hands, compared to its average volume of 4,803,901. The stock’s 50-day moving average price is $188.61 and its 200 day moving average price is $168.54. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22. The firm has a market cap of $166.36 billion, a price-to-earnings ratio of 22.56, a price-to-earnings-growth ratio of 3.60 and a beta of 0.70. International Business Machines Co. has a fifty-two week low of $120.55 and a fifty-two week high of $199.18.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.78 by $0.09. The company had revenue of $17.38 billion during the quarter, compared to analyst estimates 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 revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.60 EPS. Analysts predict that International Business Machines Co. will post 10.07 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Stockholders 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 3.66%. The ex-dividend date was Thursday, February 8th. International Business Machines’s dividend payout ratio (DPR) is presently 81.67%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on IBM. Stifel Nicolaus reissued a “buy” rating and issued a $190.00 price target on shares of International Business Machines in a report on Wednesday. BMO Capital Markets boosted their target price 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. Evercore upgraded International Business Machines from an “in-line” rating to an “outperform” rating and raised their price target for the company from $165.00 to $200.00 in a report on Friday, January 19th. Bank of America boosted their price objective on International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Finally, StockNews.com lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, April 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target 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.