International Business Machines Corporation (NYSE:IBM) is Community Bank N.A.'s 4th Largest Position

Community Bank N.A. lessened its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 3.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 97,621 shares of the technology company's stock after selling 3,510 shares during the period. International Business Machines accounts for approximately 3.3% of Community Bank N.A.'s portfolio, making the stock its 4th biggest position. Community Bank N.A.'s holdings in International Business Machines were worth $24,274,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vision Financial Markets LLC purchased a new stake in International Business Machines in the fourth quarter valued at $31,000. Rialto Wealth Management LLC acquired a new stake in shares of International Business Machines during the 4th quarter worth about $35,000. Tacita Capital Inc increased its position in shares of International Business Machines by 174.3% during the 4th quarter. Tacita Capital Inc now owns 192 shares of the technology company's stock worth $42,000 after purchasing an additional 122 shares during the last quarter. Measured Risk Portfolios Inc. purchased a new stake in International Business Machines in the 4th quarter valued at about $43,000. Finally, Park Square Financial Group LLC purchased a new stake in shares of International Business Machines in the 4th quarter valued at approximately $43,000. Institutional investors and hedge funds own 58.96% of the company's stock.

Analyst Ratings Changes

IBM has been the subject of a number of research analyst reports. Morgan Stanley lowered their price objective on shares of International Business Machines from $237.00 to $233.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Bank of America raised their price target on International Business Machines from $270.00 to $290.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. KGI Securities set a $242.00 price objective on International Business Machines and gave the company a "hold" rating in a report on Thursday, April 24th. Citigroup reissued an "outperform" rating on shares of International Business Machines in a research note on Saturday, May 10th. Finally, Jefferies Financial Group reaffirmed a "hold" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, International Business Machines has an average rating of "Hold" and a consensus target price of $250.31.

International Business Machines Trading Up 0.4%

NYSE:IBM opened at $282.96 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 2.09. International Business Machines Corporation has a 52-week low of $168.38 and a 52-week high of $285.26. The stock's 50 day moving average price is $254.78 and its 200 day moving average price is $244.55. The company has a market capitalization of $262.98 billion, a PE ratio of 48.70, a P/E/G ratio of 5.92 and a beta of 0.66.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.42 by $0.18. International Business Machines had a net margin of 8.71% and a return on equity of 37.43%. The firm had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. During the same quarter in the prior year, the firm earned $1.68 EPS. International Business Machines's revenue for the quarter was up .5% on a year-over-year basis. On average, research analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were paid a dividend of $1.68 per share. This is an increase from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a dividend yield of 2.37%. International Business Machines's dividend payout ratio is 115.66%.

International Business Machines 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.

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