Northwest Bank & Trust Co Purchases Shares of 7,942 International Business Machines Co. (NYSE:IBM)

Northwest Bank & Trust Co purchased a new position in shares of International Business Machines Co. (NYSE:IBM) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,942 shares of the technology company’s stock, valued at approximately $1,299,000. International Business Machines accounts for 1.2% of Northwest Bank & Trust Co’s investment portfolio, making the stock its 18th largest holding.

A number of other hedge funds also recently modified their holdings of IBM. Naples Money Management LLC acquired a new stake in shares of International Business Machines in the fourth quarter valued at about $28,000. Creekmur Asset Management LLC acquired a new stake in International Business Machines during the 4th quarter valued at approximately $29,000. Stone House Investment Management LLC lifted its position in shares of International Business Machines by 971.4% in the 3rd quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock worth $32,000 after purchasing an additional 204 shares during the period. Financial Gravity Asset Management Inc. boosted its stake in shares of International Business Machines by 67.9% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company’s stock valued at $32,000 after purchasing an additional 91 shares during the last quarter. Finally, Cordant Inc. increased its position in shares of International Business Machines by 753.3% during the fourth quarter. Cordant Inc. now owns 256 shares of the technology company’s stock worth $42,000 after buying an additional 226 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

IBM has been the topic of several recent analyst reports. BNP Paribas began coverage on shares of International Business Machines in a report on Thursday, May 2nd. They issued an “underperform” rating and a $145.00 target price on the stock. Royal Bank of Canada restated an “outperform” rating and set a $200.00 target price on shares of International Business Machines in a research report on Wednesday, May 22nd. Wedbush lifted their target price on International Business Machines from $140.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Sanford C. Bernstein boosted their price target on International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a research note on Thursday, March 7th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $190.00 price objective on shares of International Business Machines in a research report on Thursday, May 16th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, International Business Machines has a consensus rating of “Hold” and a consensus price target of $181.29.

International Business Machines Stock Up 0.1 %

Shares of International Business Machines stock traded up $0.09 during trading hours on Friday, reaching $169.21. The company’s stock had a trading volume of 2,777,717 shares, compared to its average volume of 3,225,373. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.09 and a current ratio of 1.13. The stock’s fifty day simple moving average is $172.43 and its two-hundred day simple moving average is $175.70. The company has a market capitalization of $155.44 billion, a P/E ratio of 19.16, a P/E/G ratio of 4.17 and a beta of 0.72. International Business Machines Co. has a one year low of $129.18 and a one year high of $199.18.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.09. The business had revenue of $14.46 billion during the quarter, compared to the consensus estimate of $14.53 billion. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The company’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.36 EPS. On average, research analysts forecast that International Business Machines Co. will post 9.91 earnings per share for the current year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 10th were paid a dividend of $1.67 per share. The ex-dividend date was Thursday, May 9th. This is a boost from International Business Machines’s previous quarterly dividend of $1.66. This represents a $6.68 annualized dividend and a yield of 3.95%. International Business Machines’s dividend payout ratio (DPR) is 75.65%.

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.