International Business Machines Co. (NYSE:IBM) Shares Purchased by Town & Country Bank & Trust CO dba First Bankers Trust CO

Town & Country Bank & Trust CO dba First Bankers Trust CO raised its holdings in shares of International Business Machines Co. (NYSE:IBM) by 16.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,915 shares of the technology company’s stock after acquiring an additional 410 shares during the quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in International Business Machines were worth $557,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bank of Nova Scotia increased its position in International Business Machines by 11.7% during the third quarter. Bank of Nova Scotia now owns 100,825 shares of the technology company’s stock worth $14,146,000 after buying an additional 10,585 shares in the last quarter. Morningstar Investment Services LLC lifted its holdings in International Business Machines by 41.3% in the 3rd quarter. Morningstar Investment Services LLC now owns 3,016 shares of the technology company’s stock valued at $427,000 after purchasing an additional 882 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in shares of International Business Machines during the 3rd quarter worth about $801,000. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of International Business Machines by 33.6% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 550,928 shares of the technology company’s stock worth $77,295,000 after buying an additional 138,680 shares in the last quarter. Finally, Waverly Advisors LLC grew its holdings in shares of International Business Machines by 48.1% during the third quarter. Waverly Advisors LLC now owns 19,692 shares of the technology company’s stock worth $2,763,000 after buying an additional 6,397 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on IBM shares. Jefferies Financial Group decreased their target price on shares of International Business Machines from $215.00 to $210.00 and set a “hold” rating on the stock in a research report on Tuesday, April 23rd. UBS Group lifted their price objective on International Business Machines from $125.00 to $130.00 and gave the company a “sell” rating in a research report on Monday, April 22nd. StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, June 19th. Bank of America lifted their price target on International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price objective on shares of International Business Machines in a report on Wednesday, May 22nd. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $182.53.

International Business Machines Trading Up 1.2 %

Shares of International Business Machines stock traded up $2.10 during trading hours on Friday, hitting $172.95. The company’s stock had a trading volume of 4,193,459 shares, compared to its average volume of 3,570,876. The company has a quick ratio of 1.09, a current ratio of 1.13 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $158.87 billion, a PE ratio of 19.59, a P/E/G ratio of 4.27 and a beta of 0.72. The business has a fifty day moving average of $169.95 and a 200 day moving average of $176.48. International Business Machines Co. has a 1-year low of $131.55 and a 1-year high of $199.18.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.59 by $0.09. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The company had revenue of $14.46 billion for the quarter, compared to analyst estimates of $14.53 billion. During the same period last year, the company posted $1.36 earnings per share. The firm’s revenue was up 1.5% compared to the same quarter last year. As a group, equities analysts forecast that International Business Machines Co. will post 9.9 EPS for the current year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 10th were given a $1.67 dividend. This is an increase from International Business Machines’s previous quarterly dividend of $1.66. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $6.68 annualized dividend and a yield of 3.86%. 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.