Trust Point Inc. Trims Stake in International Business Machines Co. (NYSE:IBM)

Trust Point Inc. trimmed its position in shares of International Business Machines Co. (NYSE:IBM) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,050 shares of the technology company’s stock after selling 85 shares during the quarter. Trust Point Inc.’s holdings in International Business Machines were worth $2,429,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Czech National Bank lifted its position in International Business Machines by 7.2% during the third quarter. Czech National Bank now owns 187,647 shares of the technology company’s stock valued at $41,485,000 after purchasing an additional 12,599 shares during the period. GAMMA Investing LLC grew its holdings in shares of International Business Machines by 44.6% during the third quarter. GAMMA Investing LLC now owns 13,551 shares of the technology company’s stock worth $2,996,000 after buying an additional 4,181 shares during the last quarter. Azzad Asset Management Inc. ADV lifted its position in International Business Machines by 3.4% in the third quarter. Azzad Asset Management Inc. ADV now owns 11,827 shares of the technology company’s stock valued at $2,615,000 after purchasing an additional 384 shares during the period. Everpar Advisors LLC increased its holdings in International Business Machines by 19.6% in the third quarter. Everpar Advisors LLC now owns 1,452 shares of the technology company’s stock valued at $321,000 after buying an additional 238 shares in the last quarter. Finally, Consilio Wealth Advisors LLC acquired a new position in International Business Machines in the 3rd quarter valued at about $218,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Up 2.0 %

Shares of NYSE IBM opened at $260.84 on Tuesday. The company has a market capitalization of $241.18 billion, a price-to-earnings ratio of 40.69, a price-to-earnings-growth ratio of 5.63 and a beta of 0.74. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $262.06. The business has a 50-day moving average of $226.61 and a two-hundred day moving average of $214.76. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, beating analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. On average, analysts forecast that International Business Machines Co. will post 10.73 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be given a $1.67 dividend. The ex-dividend date is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.56%. International Business Machines’s payout ratio is currently 104.21%.

Insider Activity at International Business Machines

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $215.20, for a total value of $774,720.00. Following the sale, the senior vice president now directly owns 25,390 shares in the company, valued at $5,463,928. The trade was a 12.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.07% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Morgan Stanley lifted their price objective on International Business Machines from $217.00 to $228.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. Sanford C. Bernstein raised their target price on shares of International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a report on Friday, January 3rd. BMO Capital Markets raised their price target on International Business Machines from $260.00 to $280.00 and gave the company a “market perform” rating in a research report on Thursday, January 30th. Stifel Nicolaus lifted their price objective on International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. raised their price objective on shares of International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, International Business Machines has an average rating of “Hold” and a consensus price target of $225.53.

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.