International Business Machines Corporation (NYSE:IBM) Shares Acquired by Private Trust Co. NA

Private Trust Co. NA increased its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 28.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 16,660 shares of the technology company's stock after buying an additional 3,640 shares during the period. Private Trust Co. NA's holdings in International Business Machines were worth $4,143,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vision Financial Markets LLC acquired a new position in International Business Machines during the 4th quarter valued at approximately $31,000. Rialto Wealth Management LLC acquired a new position in shares of International Business Machines during the fourth quarter valued at $35,000. Measured Risk Portfolios Inc. acquired a new position in shares of International Business Machines during the fourth quarter valued at $43,000. Park Square Financial Group LLC acquired a new position in shares of International Business Machines during the fourth quarter valued at $43,000. Finally, Mascagni Wealth Management Inc. acquired a new position in shares of International Business Machines during the fourth quarter valued at $43,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Bank of America boosted their target price on shares of International Business Machines from $290.00 to $320.00 and gave the company a "buy" rating in a research note on Wednesday, June 18th. 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 report on Thursday, April 24th. BMO Capital Markets reiterated a "market perform" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Jefferies Financial Group reiterated a "hold" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Finally, UBS Group reiterated a "sell" rating and set a $170.00 price target (up previously from $160.00) 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 issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $257.50.

International Business Machines Price Performance

Shares of NYSE IBM opened at $287.79 on Thursday. International Business Machines Corporation has a twelve month low of $173.95 and a twelve month high of $296.16. The company has a market capitalization of $267.47 billion, a price-to-earnings ratio of 49.53, a PEG ratio of 6.11 and a beta of 0.69. The firm has a 50-day moving average of $265.93 and a two-hundred day moving average of $248.79. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 2.09.

International Business Machines (NYSE:IBM - Get Free Report) last released its 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 business had revenue of $14.54 billion during the quarter, compared to analyst estimates of $14.41 billion. During the same period in the prior year, the business earned $1.68 earnings per share. The business's quarterly revenue was up .5% on a year-over-year basis. As a group, analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were issued a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a dividend yield of 2.34%. This is an increase from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio is currently 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.

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