Canal Insurance CO Sells 10,000 Shares of International Business Machines Corporation $IBM

Key Points

• Canal Insurance CO cut its stake in International Business Machines (IBM) by 13.7% in Q4, selling 10,000 shares and retaining 63,000 shares worth about $18.66 million, making IBM its 4th-largest holding (4.5% of the portfolio).
• IBM beat quarterly estimates with $1.91 EPS and $15.92 billion in revenue (up 9.5% YoY) and raised its quarterly dividend to $1.69 (2.9% yield); despite some analyst price-target cuts, the consensus rating remains a "Moderate Buy" with a $294.41 target, supported by AI and quantum milestones highlighted at its Think conference.

Canal Insurance CO cut its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 13.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,000 shares of the technology company's stock after selling 10,000 shares during the period. International Business Machines accounts for 4.5% of Canal Insurance CO's portfolio, making the stock its 4th largest position. Canal Insurance CO's holdings in International Business Machines were worth $18,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Family CFO Inc acquired a new stake in International Business Machines in the fourth quarter valued at $25,000. Mountain Hill Investment Partners Corp. bought a new stake in International Business Machines during the third quarter valued at $28,000. Joseph Group Capital Management bought a new stake in International Business Machines during the fourth quarter valued at $28,000. SWAN Capital LLC bought a new stake in International Business Machines during the third quarter valued at $28,000. Finally, DecisionPoint Financial LLC increased its stake in International Business Machines by 1,666.7% during the fourth quarter. DecisionPoint Financial LLC now owns 106 shares of the technology company's stock valued at $31,000 after purchasing an additional 100 shares during the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IBM has been the subject of several recent research reports. Stifel Nicolaus lowered their target price on shares of International Business Machines from $340.00 to $290.00 and set a "buy" rating for the company in a research note on Wednesday, April 8th. JPMorgan Chase & Co. lowered their target price on shares of International Business Machines from $317.00 to $283.00 and set a "neutral" rating for the company in a research note on Wednesday, March 18th. Dbs Bank upgraded shares of International Business Machines from a "hold" rating to a "moderate buy" rating in a research note on Monday, January 19th. Weiss Ratings lowered shares of International Business Machines from a "buy (b)" rating to a "buy (b-)" rating in a research note on Monday. Finally, Jefferies Financial Group cut their price target on International Business Machines from $370.00 to $320.00 and set a "buy" rating on the stock in a report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $294.41.

International Business Machines News Roundup

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

• Positive Sentiment: IBM showcased AI productivity gains and quantum milestones at its Think 2026 conference, citing large developer productivity lifts and messaging that “quantum advantage” may be within reach — this supports upside to IBM’s software, services and quantum growth narratives. IBM touts AI productivity gains and quantum milestones at Think conference
• Positive Sentiment: IBM Consulting announced expanded AI capabilities and new IBM Enterprise Advantage assets to accelerate hybrid‑AI deployments for regulated and enterprise customers — a clear revenue/upsell catalyst for consulting and recurring software services. IBM Consulting Expands AI Capabilities
• Positive Sentiment: Analyst support persists: Wedbush reaffirmed an “outperform” stance with a $320 target, signaling continued institutional conviction in IBM’s AI/quantum roadmap despite recent weakness. Wedbush reaffirms outperform
• Positive Sentiment: Rising investor interest in quantum-computing ETFs and thematic flows strengthens the investment narrative for firms with quantum roadmaps (including IBM), helping sentiment toward IBM’s longer-term growth vectors. Why to Bet on Quantum Computing ETFs Now
• Neutral Sentiment: Royal Bank of Canada trimmed its price target from $330 to $300 but kept an “outperform” rating — a mixed signal (lower target but still bullish), so watch revisions rather than headlines. RBC lowers price target
• Neutral Sentiment: Kyndryl’s announced cuts and weaker forecast are in the news; outcomes at Kyndryl can indirectly affect IBM’s service/partner dynamics but are not an immediate earnings driver for IBM. Kyndryl plans job cuts, forecasts below estimates
• Negative Sentiment: Longer‑term performance concern: coverage pieces note IBM is down ~27% over six months and highlight competitive pressure from agentic models (e.g., Anthropic’s Claude Code) that could erode legacy mainframe and middleware revenues — this explains part of the recent selloff and investor wariness. IBM Plummets 27% in 6 Months

Insider Activity at International Business Machines

In other news, Director Michael Miebach purchased 434 shares of the stock in a transaction dated Wednesday, February 25th. The stock was acquired at an average price of $233.33 per share, for a total transaction of $101,265.22. Following the completion of the transaction, the director owned 434 shares of the company's stock, valued at approximately $101,265.22. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.27% of the company's stock.

International Business Machines Stock Up 2.4%

International Business Machines stock opened at $231.23 on Friday. The company has a 50-day simple moving average of $243.05 and a 200-day simple moving average of $277.83. The firm has a market capitalization of $217.33 billion, a P/E ratio of 20.44, a P/E/G ratio of 2.34 and a beta of 0.58. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.76 and a current ratio of 0.80. International Business Machines Corporation has a one year low of $220.72 and a one year high of $324.90.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The technology company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.81 by $0.10. The business had revenue of $15.92 billion during the quarter, compared to analyst estimates of $15.60 billion. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. The company's quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.60 earnings per share. As a group, equities analysts expect that International Business Machines Corporation will post 12.4 earnings per share for the current year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th will be given a dividend of $1.69 per share. This is an increase from International Business Machines's previous quarterly dividend of $1.68. This represents a $6.76 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, May 8th. International Business Machines's payout ratio is currently 59.42%.

International Business Machines Company Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM's principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.

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