International Business Machines Co. (NYSE:IBM) Shares Sold by Bath Savings Trust Co

Bath Savings Trust Co lessened its position in shares of International Business Machines Co. (NYSE:IBM) by 5.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,801 shares of the technology company’s stock after selling 260 shares during the quarter. Bath Savings Trust Co’s holdings in International Business Machines were worth $1,055,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. grew its holdings in International Business Machines by 1,054.5% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock valued at $29,000 after buying an additional 116 shares during the last quarter. Hara Capital LLC acquired a new stake in shares of International Business Machines during the third quarter valued at $29,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in International Business Machines during the 2nd quarter worth about $36,000. Modus Advisors LLC acquired a new position in International Business Machines in the 4th quarter valued at about $40,000. Finally, Capital Performance Advisors LLP purchased a new position in International Business Machines in the 3rd quarter valued at about $43,000. 58.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity at International Business Machines

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $215.20, for a total transaction of $774,720.00. Following the sale, the senior vice president now directly owns 25,390 shares in the company, valued at $5,463,928. This represents a 12.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.07% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on IBM. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $250.00 target price on shares of International Business Machines in a research note on Thursday, October 24th. Jefferies Financial Group lifted their price objective on International Business Machines from $200.00 to $245.00 and gave the company a “hold” rating in a research report on Monday, October 21st. Bank of America increased their target price on International Business Machines from $209.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Sanford C. Bernstein lifted their price target on International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a report on Friday. Finally, Morgan Stanley increased their price objective on shares of International Business Machines from $208.00 to $222.00 and gave the stock an “equal weight” rating in a report on Monday, December 16th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $214.88.

International Business Machines Price Performance

Shares of IBM traded up $2.19 during mid-day trading on Tuesday, hitting $224.86. The company’s stock had a trading volume of 1,390,392 shares, compared to its average volume of 2,658,326. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01. The stock has a market capitalization of $207.92 billion, a price-to-earnings ratio of 32.73, a PEG ratio of 5.18 and a beta of 0.74. The firm has a 50-day moving average price of $220.73 and a 200 day moving average price of $208.12. International Business Machines Co. has a fifty-two week low of $157.88 and a fifty-two week high of $239.35.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, beating the consensus estimate of $2.27 by $0.03. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The business had revenue of $14.97 billion for the quarter, compared to analysts’ expectations of $15.08 billion. During the same period in the previous year, the company posted $2.20 EPS. International Business Machines’s revenue was up 1.5% on a year-over-year basis. On average, research analysts predict that International Business Machines Co. will post 10.12 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were issued a dividend of $1.67 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.97%. International Business Machines’s dividend payout ratio (DPR) is presently 97.23%.

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.