American National Bank & Trust Sells 4,702 Shares of International Business Machines Corporation $IBM

Key Points

• American National Bank & Trust cut its IBM stake by 42.3% in the third quarter, selling 4,702 shares and retaining 6,425 shares valued at approximately $1.41 million.
• Institutional investors and hedge funds own 58.96% of IBM, while several smaller firms initiated or increased positions during recent quarters.
• IBM has a “Moderate Buy” consensus rating from analysts, with an average price target of $253.52, despite recent target reductions and the stock trading near $220.16. The company also offers a $1.69 quarterly dividend, representing a 3.1% yield.

American National Bank & Trust lessened its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 42.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,425 shares of the technology company's stock after selling 4,702 shares during the quarter. American National Bank & Trust's holdings in International Business Machines were worth $1,413,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Portus Wealth Advisors LLC acquired a new stake in International Business Machines in the 1st quarter valued at about $26,000. Harborfront Financial Group LLC acquired a new stake in shares of International Business Machines in the second quarter valued at approximately $27,000. Cornerstone Financial Management LLC acquired a new stake in shares of International Business Machines during the fourth quarter worth about $28,000. Hara Capital LLC acquired a new stake in shares of International Business Machines during the second quarter worth $28,000. Finally, Bare Financial Services Inc increased its stake in shares of International Business Machines by 114.6% during the second quarter. Bare Financial Services Inc now owns 103 shares of the technology company's stock worth $29,000 after acquiring an additional 55 shares during the period. 58.96% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting International Business Machines

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: IBM expanded its Bob AI offering to support customer-managed, self-hosted deployments. The feature could appeal to enterprises requiring greater data control and security, strengthening IBM’s hybrid-cloud and AI modernization strategy. IBM Brings AI to Customer-Managed Infrastructure
• Positive Sentiment: IBM and SAP launched IBM Ready for SAP Solutions, combining IBM consulting with SAP cloud ERP technology for midsize and fast-growing businesses. The offering is designed to modernize operations, unify data, and create an AI-ready foundation; reported customer benefits include a 50% reduction in operational cycle times. IBM Teams Up with SAP
• Positive Sentiment: IBM and Red Hat said their Lightwell initiative has remediated more than 400 previously unknown open-source vulnerabilities since June, supporting IBM’s credibility in enterprise security and open-source infrastructure. IBM and Red Hat Remediate Open Source Vulnerabilities
• Neutral Sentiment: IBM will report third-quarter 2026 results on October 21. The announcement gives investors a near-term catalyst, with revenue growth, AI bookings, free cash flow, and guidance likely to determine the next significant move. IBM to Announce Third-Quarter 2026 Financial Results
• Negative Sentiment: One earnings preview recommends avoiding new purchases before results, citing uncertainty around IBM’s growth outlook and the risk that hybrid-cloud expansion faces intense competition and pricing pressure. This caution may be contributing to weakness ahead of the report. IBM Earnings Preview

Wall Street Analyst Weigh In

IBM has been the subject of several recent analyst reports. Stifel Nicolaus reduced their price objective on shares of International Business Machines from $290.00 to $235.00 and set a "buy" rating for the company in a research note on Monday, July 20th. Bank of America reduced their price target on International Business Machines from $330.00 to $280.00 and set a "buy" rating on the stock in a research note on Wednesday, July 15th. JPMorgan Chase & Co. lowered their price objective on shares of International Business Machines from $291.00 to $250.00 and set an "overweight" rating for the company in a research note on Friday, July 17th. The Goldman Sachs Group set a $270.00 target price on shares of International Business Machines and gave the company a "buy" rating in a research note on Thursday, July 23rd. Finally, HSBC lowered their target price on International Business Machines from $175.00 to $174.00 in a research note on Friday, July 24th. Eighteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $253.52.

Insider Buying and Selling

In other International Business Machines news, SVP Robert Thomas sold 25,000 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $230.32, for a total transaction of $5,758,000.00. Following the completion of the transaction, the senior vice president directly owned 47,800 shares in the company, valued at $11,009,296. This represents a 34.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.27% of the stock is currently owned by corporate insiders.

International Business Machines Trading Down 0.5%

Shares of NYSE IBM traded down $1.14 during mid-day trading on Wednesday, hitting $220.16. 1,622,129 shares of the company traded hands, compared to its average volume of 7,540,772. The business has a 50 day moving average of $232.26 and a two-hundred day moving average of $244.44. International Business Machines Corporation has a 1 year low of $199.19 and a 1 year high of $332.46. The stock has a market capitalization of $207.41 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 2.11 and a beta of 0.73. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 1.63.

International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The technology company reported $2.93 EPS for the quarter, hitting the consensus estimate of $2.93. The company had revenue of $17.16 billion during the quarter, compared to the consensus estimate of $17.46 billion. International Business Machines had a net margin of 15.52% and a return on equity of 35.65%. The company's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.80 earnings per share. On average, sell-side analysts anticipate that International Business Machines Corporation will post 12.33 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 10th were issued a dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Monday, August 10th. International Business Machines's dividend payout ratio (DPR) is presently 59.98%.

About International Business Machines

International Business Machines Corporation NYSE: IBM, commonly known as IBM, is a global technology company that provides hybrid cloud, artificial intelligence, software, consulting and infrastructure solutions. Its offerings help businesses and government organizations manage data, modernize applications, automate processes and improve cybersecurity.

IBM's portfolio includes the Red Hat hybrid cloud platform, the watsonx suite of artificial intelligence and data tools, consulting services, and enterprise software for areas such as automation, application management, security and asset management.

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