St. Louis Trust Co Buys 1,132 Shares of International Business Machines Corporation (NYSE:IBM)

St. Louis Trust Co raised its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 32.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,632 shares of the technology company's stock after acquiring an additional 1,132 shares during the quarter. St. Louis Trust Co's holdings in International Business Machines were worth $1,152,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of IBM. Brighton Jones LLC raised its stake in shares of International Business Machines by 12.4% during the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock valued at $4,619,000 after purchasing an additional 2,323 shares in the last quarter. Proficio Capital Partners LLC increased its stake in International Business Machines by 81.5% in the 4th quarter. Proficio Capital Partners LLC now owns 2,686 shares of the technology company's stock worth $591,000 after purchasing an additional 1,206 shares in the last quarter. Sandy Spring Bank increased its stake in International Business Machines by 23.1% in the 4th quarter. Sandy Spring Bank now owns 13,523 shares of the technology company's stock worth $2,973,000 after purchasing an additional 2,542 shares in the last quarter. iA Global Asset Management Inc. increased its stake in International Business Machines by 152.0% in the 4th quarter. iA Global Asset Management Inc. now owns 5,397 shares of the technology company's stock worth $1,186,000 after purchasing an additional 3,255 shares in the last quarter. Finally, Douglass Winthrop Advisors LLC grew its stake in International Business Machines by 2.3% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 18,263 shares of the technology company's stock valued at $4,015,000 after acquiring an additional 414 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on IBM. Wall Street Zen lowered International Business Machines from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. KGI Securities set a $242.00 price objective on International Business Machines and gave the company a "hold" rating in a research report on Thursday, April 24th. The Goldman Sachs Group upped their price target on International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. BMO Capital Markets upped their price target on International Business Machines from $260.00 to $300.00 and gave the company a "market perform" rating in a research report on Friday. Finally, Morgan Stanley reduced their price objective on International Business Machines from $237.00 to $233.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, International Business Machines presently has a consensus rating of "Moderate Buy" and a consensus target price of $266.19.

International Business Machines Price Performance

International Business Machines stock traded up $4.04 during mid-day trading on Friday, reaching $286.04. 4,465,031 shares of the company were exchanged, compared to its average volume of 4,232,093. The company has a fifty day simple moving average of $276.39 and a 200-day simple moving average of $254.26. International Business Machines Corporation has a 12 month low of $181.81 and a 12 month high of $296.16. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.01 and a quick ratio of 0.97. The firm has a market cap of $265.85 billion, a PE ratio of 49.23, a PEG ratio of 6.00 and a beta of 0.69.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.18. The company had revenue of $14.54 billion for the quarter, compared to analyst estimates of $14.41 billion. International Business Machines had a return on equity of 37.43% and a net margin of 8.71%. The company's revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the company posted $1.68 EPS. As a group, equities research 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. Shareholders of record on Friday, May 9th were issued 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 yield of 2.35%. International Business Machines's payout ratio is presently 115.66%.

About International Business Machines

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.