International Business Machines Co. (NYSE:IBM) Shares Bought by Trust Co. of Toledo NA OH

Trust Co. of Toledo NA OH boosted its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 7.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,853 shares of the technology company's stock after acquiring an additional 1,275 shares during the quarter. Trust Co. of Toledo NA OH's holdings in International Business Machines were worth $4,439,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vision Financial Markets LLC purchased a new position in International Business Machines during the fourth quarter worth $31,000. Rialto Wealth Management LLC bought a new stake in International Business Machines in the fourth quarter worth about $35,000. Tacita Capital Inc boosted its position in shares of International Business Machines by 174.3% during the fourth quarter. Tacita Capital Inc now owns 192 shares of the technology company's stock valued at $42,000 after buying an additional 122 shares during the period. Park Square Financial Group LLC bought a new position in shares of International Business Machines during the fourth quarter valued at approximately $43,000. Finally, Measured Risk Portfolios Inc. bought a new stake in shares of International Business Machines during the 4th quarter worth approximately $43,000. 58.96% of the stock is owned by institutional investors.

International Business Machines Stock Performance

International Business Machines stock traded down $4.20 during trading hours on Friday, hitting $276.84. 3,242,911 shares of the stock traded hands, compared to its average volume of 4,237,292. International Business Machines Co. has a 1 year low of $167.50 and a 1 year high of $283.06. The stock has a market capitalization of $257.29 billion, a price-to-earnings ratio of 43.19, a P/E/G ratio of 5.81 and a beta of 0.66. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. The firm's 50 day moving average price is $252.60 and its 200-day moving average price is $243.78.

International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.42 by $0.18. The company had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. The firm's quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.68 earnings per share. As a group, equities analysts expect that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were issued a $1.68 dividend. This is an increase from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 dividend on an annualized basis and a yield of 2.43%. International Business Machines's payout ratio is presently 115.66%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on IBM. Royal Bank of Canada boosted their target price on shares of International Business Machines from $276.00 to $285.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. KGI Securities set a $242.00 target price on shares of International Business Machines and gave the stock a "hold" rating in a research note on Thursday, April 24th. UBS Group reaffirmed a "sell" rating and set a $170.00 price target (up previously from $160.00) on shares of International Business Machines in a research note on Wednesday, April 23rd. Bank of America lifted their target price on International Business Machines from $270.00 to $290.00 and gave the company a "buy" rating in a research report on Monday, June 9th. Finally, Citigroup restated an "outperform" rating on shares of International Business Machines in a report on Saturday, May 10th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $250.31.

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.