International Business Machines Co. (NYSE:IBM) Stock Position Cut by Culbertson A N & Co. Inc.

Culbertson A N & Co. Inc. trimmed its stake in shares of International Business Machines Co. (NYSE:IBM) by 3.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 11,731 shares of the technology company’s stock after selling 427 shares during the period. Culbertson A N & Co. Inc.’s holdings in International Business Machines were worth $2,579,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Tudor Financial Inc. bought a new position in International Business Machines during the 4th quarter valued at $346,000. Hoese & Co LLP bought a new position in International Business Machines during the fourth quarter valued at about $78,000. Union Savings Bank raised its position in International Business Machines by 5.0% in the fourth quarter. Union Savings Bank now owns 2,051 shares of the technology company’s stock worth $451,000 after acquiring an additional 97 shares in the last quarter. Zhang Financial LLC lifted its holdings in International Business Machines by 3.9% in the 4th quarter. Zhang Financial LLC now owns 18,077 shares of the technology company’s stock valued at $3,974,000 after acquiring an additional 686 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of International Business Machines by 3.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 8,725 shares of the technology company’s stock valued at $1,918,000 after purchasing an additional 255 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Trading Up 0.9 %

Shares of NYSE:IBM opened at $224.73 on Tuesday. The firm has a fifty day moving average of $222.87 and a two-hundred day moving average of $211.14. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $239.35. The firm has a market capitalization of $207.80 billion, a P/E ratio of 32.71, a price-to-earnings-growth ratio of 4.81 and a beta of 0.74.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.03. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The firm had revenue of $14.97 billion for the quarter, compared to the consensus estimate of $15.08 billion. During the same quarter in the previous year, the company posted $2.20 earnings per share. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, equities analysts expect that International Business Machines Co. will post 10.16 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.97%. The ex-dividend date was Tuesday, November 12th. International Business Machines’s payout ratio is presently 97.23%.

Wall Street Analyst Weigh In

Several research firms recently commented on IBM. Sanford C. Bernstein increased their target price on shares of International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a research note on Friday, January 3rd. Bernstein Bank raised their price objective on International Business Machines from $185.00 to $210.00 and gave the stock a “market perform” rating in a research note on Thursday, October 3rd. BMO Capital Markets boosted their target price on International Business Machines from $235.00 to $260.00 and gave the stock a “market perform” rating in a research report on Thursday, October 24th. UBS Group lifted their price target on International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a research note on Tuesday, January 14th. Finally, Morgan Stanley upped their price objective on shares of International Business Machines from $208.00 to $222.00 and gave the company an “equal weight” rating in a research note on Monday, December 16th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, International Business Machines presently has an average rating of “Hold” and a consensus price target of $216.87.

Insider Buying and Selling at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the transaction, the senior vice president now owns 25,390 shares in the company, valued at approximately $5,463,928. This trade represents a 12.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.07% of the company’s stock.

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.