Community Bank & Trust Waco Texas Grows Stake in International Business Machines Co. (NYSE:IBM)

Community Bank & Trust Waco Texas grew its position in shares of International Business Machines Co. (NYSE:IBMGet Rating) by 1.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,892 shares of the technology company’s stock after purchasing an additional 479 shares during the period. Community Bank & Trust Waco Texas’ holdings in International Business Machines were worth $4,017,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in IBM. Duff & Phelps Investment Management Co. boosted its holdings in International Business Machines by 0.8% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 9,330 shares of the technology company’s stock worth $1,247,000 after purchasing an additional 76 shares during the last quarter. SJS Investment Consulting Inc. boosted its holdings in International Business Machines by 39.9% in the first quarter. SJS Investment Consulting Inc. now owns 270 shares of the technology company’s stock worth $35,000 after purchasing an additional 77 shares during the last quarter. Twin Capital Management Inc. boosted its stake in shares of International Business Machines by 1.7% during the 4th quarter. Twin Capital Management Inc. now owns 4,909 shares of the technology company’s stock worth $656,000 after acquiring an additional 80 shares during the last quarter. SeaBridge Investment Advisors LLC boosted its stake in shares of International Business Machines by 0.4% during the 1st quarter. SeaBridge Investment Advisors LLC now owns 21,541 shares of the technology company’s stock worth $2,801,000 after acquiring an additional 80 shares during the last quarter. Finally, Joel Isaacson & Co. LLC boosted its stake in shares of International Business Machines by 0.9% during the 1st quarter. Joel Isaacson & Co. LLC now owns 9,059 shares of the technology company’s stock worth $1,143,000 after acquiring an additional 81 shares during the last quarter. 55.22% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other International Business Machines news, major shareholder Business Machine International sold 22,301,536 shares of International Business Machines stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $13.95, for a total value of $311,106,427.20. Following the completion of the transaction, the insider now directly owns 22,301,536 shares of the company’s stock, valued at approximately $311,106,427.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

IBM has been the topic of several analyst reports. Tigress Financial lifted their price target on shares of International Business Machines from $133.00 to $139.00 and gave the stock a “neutral” rating in a research note on Thursday, April 21st. Credit Suisse Group lifted their price target on shares of International Business Machines from $156.00 to $163.00 and gave the stock an “outperform” rating in a research note on Wednesday. Morgan Stanley dropped their price target on shares of International Business Machines from $157.00 to $155.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 19th. Bank of America lifted their price target on shares of International Business Machines from $162.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, April 20th. Finally, BMO Capital Markets dropped their price target on shares of International Business Machines from $152.00 to $148.00 in a research note on Tuesday, July 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $146.80.

International Business Machines Price Performance

NYSE IBM traded up $0.26 on Wednesday, reaching $136.82. The company had a trading volume of 59,307 shares, compared to its average volume of 5,884,242. The company has a quick ratio of 0.82, a current ratio of 0.88 and a debt-to-equity ratio of 2.28. The stock has a market capitalization of $123.57 billion, a PE ratio of 22.17, a price-to-earnings-growth ratio of 2.04 and a beta of 0.85. The firm’s 50 day moving average price is $135.55 and its 200 day moving average price is $132.80. International Business Machines Co. has a 12 month low of $114.56 and a 12 month high of $146.00.

International Business Machines (NYSE:IBMGet Rating) last announced its quarterly earnings results on Monday, July 18th. The technology company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.02. The company had revenue of $15.54 billion for the quarter, compared to the consensus estimate of $15.18 billion. International Business Machines had a net margin of 8.72% and a return on equity of 43.52%. International Business Machines’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.33 EPS. As a group, equities analysts predict that International Business Machines Co. will post 9.47 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, September 10th. Shareholders of record on Wednesday, August 10th will be paid a $1.65 dividend. The ex-dividend date of this dividend is Tuesday, August 9th. This represents a $6.60 dividend on an annualized basis and a dividend yield of 4.82%. International Business Machines’s payout ratio is currently 107.14%.

About International Business Machines

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International Business Machines Corporation provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions, such as Red Hat, an enterprise open-source solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity.

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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