International Business Machines Co. (NYSE:IBM) Shares Sold by Arbor Trust Wealth Advisors LLC

Arbor Trust Wealth Advisors LLC decreased its holdings in shares of International Business Machines Co. (NYSE:IBM) by 4.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,110 shares of the technology company’s stock after selling 210 shares during the quarter. Arbor Trust Wealth Advisors LLC’s holdings in International Business Machines were worth $672,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cornerstone Planning Group LLC bought a new position in shares of International Business Machines in the second quarter valued at approximately $28,000. Live Oak Investment Partners bought a new position in shares of International Business Machines in the fourth quarter valued at approximately $30,000. Briaud Financial Planning Inc bought a new position in shares of International Business Machines in the third quarter valued at approximately $31,000. Stone House Investment Management LLC boosted its holdings 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 valued at $32,000 after acquiring an additional 204 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. boosted its holdings in shares of International Business Machines by 67.9% in the third quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company’s stock valued at $32,000 after acquiring an additional 91 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Royal Bank of Canada increased their target price on shares of International Business Machines from $179.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Societe Generale restated a “sell” rating and issued a $143.00 price target on shares of International Business Machines in a research report on Friday, January 5th. BMO Capital Markets upped their price target on shares of International Business Machines from $155.00 to $210.00 and gave the company a “market perform” rating in a research report on Thursday, January 25th. Jefferies Financial Group started coverage on shares of International Business Machines in a research report on Friday, January 5th. They issued a “hold” rating and a $180.00 price target for the company. Finally, Sanford C. Bernstein upped their price target on shares of International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a research report on Thursday, March 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $178.08.

International Business Machines Stock Up 1.4 %

IBM stock traded up $2.52 during midday trading on Tuesday, reaching $183.77. The company had a trading volume of 4,473,421 shares, compared to its average volume of 4,854,836. International Business Machines Co. has a 1 year low of $120.55 and a 1 year high of $199.18. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 2.22. The company has a market capitalization of $168.47 billion, a P/E ratio of 22.63, a PEG ratio of 3.57 and a beta of 0.70. The company has a 50 day moving average of $188.62 and a two-hundred day moving average of $168.13.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.78 by $0.09. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The company had revenue of $17.38 billion during the quarter, compared to the consensus estimate of $17.29 billion. During the same quarter in the prior year, the firm earned $3.60 EPS. The company’s revenue was up 4.1% compared to the same quarter last year. On average, equities research analysts expect that International Business Machines Co. will post 10.07 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were paid a dividend of $1.66 per share. The ex-dividend date was Thursday, February 8th. This represents a $6.64 annualized dividend and a dividend yield of 3.61%. International Business Machines’s dividend payout ratio (DPR) is 81.67%.

About International Business Machines

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.