International Business Machines Co. (NYSE:IBM) Holdings Lifted by American National Bank & Trust

American National Bank & Trust boosted its position in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 61.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,249 shares of the technology company's stock after acquiring an additional 3,516 shares during the period. American National Bank & Trust's holdings in International Business Machines were worth $2,300,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the business. Treasurer of the State of North Carolina increased its holdings in shares of International Business Machines by 0.8% during the fourth quarter. Treasurer of the State of North Carolina now owns 495,574 shares of the technology company's stock valued at $108,942,000 after acquiring an additional 4,131 shares in the last quarter. Blue Zone Wealth Advisors LLC purchased a new stake in International Business Machines during the 4th quarter worth approximately $242,000. Tranquilli Financial Advisor LLC acquired a new position in International Business Machines during the 4th quarter valued at approximately $373,000. Truist Financial Corp raised its holdings in shares of International Business Machines by 6.5% in the fourth quarter. Truist Financial Corp now owns 811,062 shares of the technology company's stock worth $178,296,000 after buying an additional 49,591 shares during the last quarter. Finally, Mufg Securities Americas Inc. acquired a new stake in shares of International Business Machines during the fourth quarter worth $3,000,000. Institutional investors and hedge funds own 58.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on IBM. The Goldman Sachs Group reissued a "buy" rating on shares of International Business Machines in a research report on Wednesday, February 5th. Morgan Stanley reduced their price objective on International Business Machines from $237.00 to $233.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. KGI Securities set a $242.00 price objective on shares of International Business Machines and gave the company a "hold" rating in a report on Thursday, April 24th. Citigroup restated an "outperform" rating on shares of International Business Machines in a research note on Saturday, May 10th. Finally, BMO Capital Markets reiterated a "market perform" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $249.06.

International Business Machines Trading Up 0.1%

Shares of IBM stock traded up $0.15 during mid-day trading on Wednesday, hitting $265.35. 1,051,559 shares of the company's stock were exchanged, compared to its average volume of 4,691,541. The stock has a market cap of $246.62 billion, a price-to-earnings ratio of 41.40, a PEG ratio of 5.81 and a beta of 0.64. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. International Business Machines Co. has a fifty-two week low of $165.78 and a fifty-two week high of $269.28. The stock has a 50-day simple moving average of $247.02 and a two-hundred day simple moving average of $240.81.

International Business Machines (NYSE:IBM - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.18. The company had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The company's revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.68 earnings per share. Equities analysts expect that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 9th will be paid a dividend of $1.68 per share. This is a boost from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a yield of 2.53%. International Business Machines's dividend payout ratio (DPR) is 115.66%.

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.