Moody National Bank Trust Division Grows Stake in International Business Machines Co. (NYSE:IBM)

Moody National Bank Trust Division raised its stake in International Business Machines Co. (NYSE:IBM) by 1.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,915 shares of the technology company’s stock after acquiring an additional 108 shares during the quarter. Moody National Bank Trust Division’s holdings in International Business Machines were worth $1,369,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Global Wealth Strategies & Associates increased its holdings in shares of International Business Machines by 6.8% in the 2nd quarter. Global Wealth Strategies & Associates now owns 1,132 shares of the technology company’s stock worth $196,000 after buying an additional 72 shares during the last quarter. Marcum Wealth LLC lifted its position in shares of International Business Machines by 0.8% in the 2nd quarter. Marcum Wealth LLC now owns 9,013 shares of the technology company’s stock worth $1,559,000 after purchasing an additional 72 shares during the period. Hudson Valley Investment Advisors Inc. ADV lifted its position in shares of International Business Machines by 2.5% in the 2nd quarter. Hudson Valley Investment Advisors Inc. ADV now owns 15,094 shares of the technology company’s stock worth $2,432,000 after purchasing an additional 365 shares during the period. Massmutual Trust Co. FSB ADV increased its stake in shares of International Business Machines by 23.0% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 8,093 shares of the technology company’s stock worth $1,400,000 after acquiring an additional 1,513 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in International Business Machines by 42.4% during the 2nd quarter. GAMMA Investing LLC now owns 9,370 shares of the technology company’s stock valued at $1,621,000 after purchasing an additional 2,788 shares in the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of International Business Machines in a research report on Monday, June 24th. They set a “buy” rating and a $200.00 target price for the company. BNP Paribas assumed coverage on shares of International Business Machines in a research report on Thursday, May 2nd. They set an “underperform” rating and a $145.00 target price for the company. Jefferies Financial Group boosted their target price on shares of International Business Machines from $190.00 to $200.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Hsbc Global Res upgraded shares of International Business Machines to a “moderate sell” rating in a research report on Friday, July 26th. Finally, Stifel Nicolaus upped their price target on shares of International Business Machines from $190.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $184.93.

International Business Machines Trading Down 3.1 %

International Business Machines stock traded down $5.78 during trading on Monday, reaching $183.34. The company had a trading volume of 4,971,110 shares, compared to its average volume of 4,437,049. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.12. The firm has a market capitalization of $168.88 billion, a price-to-earnings ratio of 20.72, a PEG ratio of 4.24 and a beta of 0.71. International Business Machines Co. has a 12-month low of $135.87 and a 12-month high of $199.18. The stock’s 50 day moving average price is $176.64 and its two-hundred day moving average price is $180.27.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.27. The business had revenue of $15.77 billion during the quarter, compared to the consensus estimate of $15.62 billion. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.18 EPS. As a group, equities analysts expect that International Business Machines Co. will post 10.06 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th will be given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date is Friday, August 9th. International Business Machines’s payout ratio is currently 75.65%.

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.