Hilltop National Bank Has $1.72 Million Position in International Business Machines Co. (NYSE:IBM)

Hilltop National Bank increased its position in shares of International Business Machines Co. (NYSE:IBM) by 34.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 7,827 shares of the technology company’s stock after purchasing an additional 2,022 shares during the quarter. Hilltop National Bank’s holdings in International Business Machines were worth $1,721,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IBM. Vaughan David Investments LLC IL boosted its stake in International Business Machines by 2.8% during the second quarter. Vaughan David Investments LLC IL now owns 13,434 shares of the technology company’s stock worth $2,323,000 after buying an additional 370 shares in the last quarter. HHM Wealth Advisors LLC boosted its position in shares of International Business Machines by 12.0% during the 2nd quarter. HHM Wealth Advisors LLC now owns 1,233 shares of the technology company’s stock valued at $213,000 after acquiring an additional 132 shares in the last quarter. Bahl & Gaynor Inc. raised its position in International Business Machines by 5.9% in the second quarter. Bahl & Gaynor Inc. now owns 8,898 shares of the technology company’s stock worth $1,539,000 after purchasing an additional 498 shares in the last quarter. Qsemble Capital Management LP bought a new position in International Business Machines during the second quarter worth about $279,000. Finally, Y.D. More Investments Ltd boosted its holdings in International Business Machines by 133.3% during the second quarter. Y.D. More Investments Ltd now owns 933 shares of the technology company’s stock valued at $161,000 after purchasing an additional 533 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines 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 directly owns 25,390 shares of the company’s stock, valued at $5,463,928. This trade represents a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.07% of the company’s stock.

International Business Machines Trading Down 1.9 %

Shares of IBM stock traded down $4.32 on Friday, reaching $218.86. 727,365 shares of the stock were exchanged, compared to its average volume of 2,641,061. The stock has a 50 day moving average price of $221.70 and a 200 day moving average price of $208.69. The stock has a market cap of $202.37 billion, a PE ratio of 31.86, a P/E/G ratio of 5.18 and a beta of 0.74. International Business Machines Co. has a one year low of $160.29 and a one year high of $239.35. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $14.97 billion for the quarter, compared to the consensus estimate of $15.08 billion. During the same period in the prior year, the company posted $2.20 EPS. The company’s revenue was up 1.5% compared to the same quarter last year. Equities research analysts forecast that International Business Machines Co. will post 10.12 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend was Tuesday, November 12th. International Business Machines’s dividend payout ratio is presently 97.23%.

Wall Street Analysts Forecast Growth

IBM has been the subject of a number of recent research reports. Sanford C. Bernstein increased their target price on International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a report on Friday, January 3rd. Royal Bank of Canada reissued an “outperform” rating and set a $250.00 price objective on shares of International Business Machines in a report on Thursday, October 24th. Bernstein Bank upped their target price on shares of International Business Machines from $185.00 to $210.00 and gave the stock a “market perform” rating in a report on Thursday, October 3rd. DZ Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price target for the company. in a report on Wednesday, October 2nd. Finally, Bank of America upped their price objective on shares of International Business Machines from $209.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, International Business Machines presently has an average rating of “Hold” and a consensus target price of $214.88.

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.