First National Trust Co Sells 1,990 Shares of International Business Machines Co. (NYSE:IBM)

First National Trust Co lessened its holdings in International Business Machines Co. (NYSE:IBM) by 3.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 56,071 shares of the technology company’s stock after selling 1,990 shares during the period. First National Trust Co’s holdings in International Business Machines were worth $12,326,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Hilton Capital Management LLC bought a new stake in International Business Machines in the 4th quarter valued at $5,473,000. Wellington Shields Capital Management LLC increased its position in International Business Machines by 1,802.8% during the 4th quarter. Wellington Shields Capital Management LLC now owns 346,664 shares of the technology company’s stock worth $76,207,000 after buying an additional 328,445 shares during the period. Atala Financial Inc bought a new position in International Business Machines during the 4th quarter worth $4,517,000. Integras Partners LLC bought a new position in International Business Machines during the 4th quarter worth $375,000. Finally, JPL Wealth Management LLC acquired a new stake in shares of International Business Machines during the 4th quarter worth $3,345,000. Institutional investors own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on IBM shares. Royal Bank of Canada reissued an “outperform” rating and set a $250.00 target price on shares of International Business Machines in a report on Monday, January 27th. Wedbush began coverage on International Business Machines in a research note on Monday, February 3rd. They set an “outperform” rating on the stock. Jefferies Financial Group lifted their price target on International Business Machines from $245.00 to $270.00 and gave the company a “hold” rating in a research note on Thursday, January 30th. StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. Finally, Bank of America raised their price objective on International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $231.44.

Insider Buying and Selling at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total value of $6,715,644.43. Following the sale, the senior vice president now directly owns 45,007 shares of the company’s stock, valued at $11,387,221.07. This represents a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.07% of the stock is currently owned by corporate insiders.

International Business Machines Trading Down 1.6 %

Shares of International Business Machines stock opened at $245.67 on Friday. The stock has a market capitalization of $227.80 billion, a PE ratio of 38.33, a price-to-earnings-growth ratio of 5.81 and a beta of 0.74. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $266.45. The stock has a 50 day moving average price of $243.72 and a two-hundred day moving average price of $227.70.

International Business Machines (NYSE:IBM) last released its quarterly 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%. As a group, equities analysts anticipate that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend was Monday, February 10th. International Business Machines’s payout ratio is 104.21%.

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.