International Business Machines Corporation $IBM Shares Sold by Farmers Trust Co.

Farmers Trust Co. decreased its stake in shares of International Business Machines Corporation (NYSE:IBM) by 16.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,652 shares of the technology company’s stock after selling 5,546 shares during the quarter. International Business Machines comprises 1.4% of Farmers Trust Co.’s holdings, making the stock its 13th largest position. Farmers Trust Co.’s holdings in International Business Machines were worth $8,084,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the stock. Lifestyle Asset Management Inc. raised its holdings in shares of International Business Machines by 1.7% during the 2nd quarter. Lifestyle Asset Management Inc. now owns 2,144 shares of the technology company’s stock worth $632,000 after acquiring an additional 36 shares during the period. Whelan Financial grew its holdings in shares of International Business Machines by 2.4% in the second quarter. Whelan Financial now owns 1,525 shares of the technology company’s stock valued at $450,000 after purchasing an additional 36 shares during the period. Ignite Planners LLC increased its position in International Business Machines by 0.9% during the second quarter. Ignite Planners LLC now owns 3,964 shares of the technology company’s stock worth $1,133,000 after purchasing an additional 36 shares during the last quarter. Blue Edge Capital LLC raised its stake in International Business Machines by 0.6% during the first quarter. Blue Edge Capital LLC now owns 6,776 shares of the technology company’s stock worth $1,685,000 after purchasing an additional 39 shares during the period. Finally, Johnson Bixby & Associates LLC boosted its holdings in International Business Machines by 3.3% in the 2nd quarter. Johnson Bixby & Associates LLC now owns 1,208 shares of the technology company’s stock valued at $356,000 after purchasing an additional 39 shares during the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Stock Down 0.5%

NYSE:IBM opened at $309.33 on Monday. International Business Machines Corporation has a 52 week low of $214.50 and a 52 week high of $324.90. The stock’s fifty day moving average is $299.47 and its two-hundred day moving average is $278.32. The stock has a market capitalization of $289.14 billion, a price-to-earnings ratio of 37.00, a price-to-earnings-growth ratio of 3.08 and a beta of 0.69. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.97.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.45 by $0.20. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The business had revenue of $16.33 billion during the quarter, compared to analysts’ expectations of $16.10 billion. During the same period in the previous year, the firm posted $2.30 earnings per share. The company’s revenue was up 9.1% on a year-over-year basis. Research analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th were paid a dividend of $1.68 per share. The ex-dividend date was Monday, November 10th. This represents a $6.72 dividend on an annualized basis and a yield of 2.2%. International Business Machines’s dividend payout ratio is 80.38%.

Wall Street Analysts Forecast Growth

IBM has been the subject of a number of recent analyst reports. Stifel Nicolaus raised their price target on shares of International Business Machines from $295.00 to $325.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. Erste Group Bank upgraded International Business Machines from a “hold” rating to a “buy” rating in a research report on Friday, December 5th. BMO Capital Markets raised their target price on International Business Machines from $300.00 to $305.00 and gave the stock a “market perform” rating in a research note on Thursday, October 23rd. Wall Street Zen upgraded International Business Machines from a “hold” rating to a “buy” rating in a research report on Sunday, October 26th. Finally, Bank of America increased their price target on International Business Machines from $310.00 to $315.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $293.38.

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.