International Business Machines Co. (NYSE:IBM) Shares Sold by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. lessened its holdings in International Business Machines Co. (NYSE:IBM) by 0.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,108 shares of the technology company’s stock after selling 275 shares during the period. Farmers & Merchants Investments Inc.’s holdings in International Business Machines were worth $6,619,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Brookstone Capital Management increased its position in International Business Machines by 1.3% in the third quarter. Brookstone Capital Management now owns 16,548 shares of the technology company’s stock worth $3,658,000 after buying an additional 210 shares during the period. CWM LLC raised its holdings in shares of International Business Machines by 5.6% in the 3rd quarter. CWM LLC now owns 126,654 shares of the technology company’s stock worth $28,001,000 after purchasing an additional 6,712 shares in the last quarter. Cypress Wealth Services LLC lifted its position in shares of International Business Machines by 5.1% during the 3rd quarter. Cypress Wealth Services LLC now owns 1,467 shares of the technology company’s stock valued at $324,000 after acquiring an additional 71 shares during the last quarter. Watts Gwilliam & Co. LLC purchased a new stake in shares of International Business Machines in the 3rd quarter valued at approximately $519,000. Finally, Cerro Pacific Wealth Advisors LLC grew its holdings in shares of International Business Machines by 14.9% during the third quarter. Cerro Pacific Wealth Advisors LLC now owns 2,338 shares of the technology company’s stock valued at $517,000 after buying an additional 303 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. BMO Capital Markets upped their price target on shares of International Business Machines from $260.00 to $280.00 and gave the stock a “market perform” rating in a research note on Thursday, January 30th. Royal Bank of Canada reiterated an “outperform” rating and issued a $250.00 target price on shares of International Business Machines in a research note on Monday, January 27th. Stifel Nicolaus upped their target price on shares of International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Sanford C. Bernstein lifted their price objective on International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a report on Friday, January 3rd. Finally, Morgan Stanley upped their price objective on International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $225.53.

International Business Machines Price Performance

IBM stock opened at $252.31 on Friday. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $265.72. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. The company’s fifty day simple moving average is $229.76 and its 200 day simple moving average is $216.92. The firm has a market cap of $233.30 billion, a price-to-earnings ratio of 39.36, a PEG ratio of 5.57 and a beta of 0.76.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data 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 expect that International Business Machines Co. will post 10.75 earnings per share for the current year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines’s dividend payout ratio (DPR) is currently 104.21%.

International Business Machines Company 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.