Heartland Bank & Trust Co Sells 137 Shares of International Business Machines Co. (NYSE:IBM)

Heartland Bank & Trust Co decreased its stake in shares of International Business Machines Co. (NYSE:IBM) by 3.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,126 shares of the technology company’s stock after selling 137 shares during the period. Heartland Bank & Trust Co’s holdings in International Business Machines were worth $912,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. McAdam LLC grew its holdings in shares of International Business Machines by 1.5% during the 3rd quarter. McAdam LLC now owns 3,570 shares of the technology company’s stock worth $789,000 after acquiring an additional 52 shares during the period. Courier Capital LLC raised its holdings in International Business Machines by 3.4% in the third quarter. Courier Capital LLC now owns 49,452 shares of the technology company’s stock worth $10,933,000 after purchasing an additional 1,630 shares in the last quarter. Litman Gregory Wealth Management LLC bought a new position in International Business Machines in the third quarter worth $397,000. Rebalance LLC lifted its position in International Business Machines by 18.7% during the third quarter. Rebalance LLC now owns 1,875 shares of the technology company’s stock valued at $415,000 after buying an additional 296 shares during the period. Finally, TFG Advisers LLC boosted its holdings in shares of International Business Machines by 7.5% during the 3rd quarter. TFG Advisers LLC now owns 10,794 shares of the technology company’s stock valued at $2,386,000 after buying an additional 751 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

IBM has been the topic of a number of analyst reports. Evercore ISI boosted their price target on International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. Royal Bank of Canada increased their price objective on shares of International Business Machines from $211.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. UBS Group boosted their price objective on shares of International Business Machines from $130.00 to $145.00 and gave the stock a “sell” rating in a report on Wednesday, September 4th. Morgan Stanley lifted their target price on International Business Machines from $182.00 to $217.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Finally, Jefferies Financial Group lifted their price objective on International Business Machines from $200.00 to $245.00 and gave the stock a “hold” rating in a report on Monday. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $205.71.

International Business Machines Trading Up 0.2 %

IBM stock opened at $232.75 on Thursday. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 1.08. International Business Machines Co. has a 1-year low of $136.05 and a 1-year high of $237.37. The business has a 50 day simple moving average of $214.67 and a two-hundred day simple moving average of $190.05. The company has a market capitalization of $213.80 billion, a price-to-earnings ratio of 26.36, a PEG ratio of 5.21 and a beta of 0.70.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.27. The company had revenue of $15.77 billion during the quarter, compared to analysts’ expectations of $15.62 billion. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. International Business Machines’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period last year, the company posted $2.18 earnings per share. Research analysts anticipate that International Business Machines Co. will post 10.1 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were issued a $1.67 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $6.68 annualized dividend and a dividend yield of 2.87%. International Business Machines’s dividend payout ratio (DPR) is 75.65%.

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.