Arbor Trust Wealth Advisors LLC Purchases 1,447 Shares of International Business Machines Co. (NYSE:IBM)

Arbor Trust Wealth Advisors LLC grew its holdings in shares of International Business Machines Co. (NYSE:IBM) by 31.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,081 shares of the technology company’s stock after purchasing an additional 1,447 shares during the quarter. Arbor Trust Wealth Advisors LLC’s holdings in International Business Machines were worth $1,337,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in IBM. Hazlett Burt & Watson Inc. lifted its position in International Business Machines by 1,054.5% during the third quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock valued at $29,000 after purchasing an additional 116 shares in the last quarter. Hara Capital LLC bought a new position in shares of International Business Machines in the third quarter worth about $29,000. Avondale Wealth Management lifted its position in shares of International Business Machines by 56.0% during the 4th quarter. Avondale Wealth Management now owns 156 shares of the technology company’s stock valued at $34,000 after buying an additional 56 shares in the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new stake in International Business Machines in the 2nd quarter worth approximately $36,000. Finally, Modus Advisors LLC purchased a new stake in International Business Machines in the 4th quarter worth approximately $40,000. Institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Up 0.9 %

Shares of NYSE IBM opened at $224.73 on Friday. The stock has a market capitalization of $207.80 billion, a P/E ratio of 32.71, a PEG ratio of 4.71 and a beta of 0.74. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $239.35. The business’s 50 day moving average is $222.87 and its two-hundred day moving average is $210.66. 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 quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $14.97 billion for the quarter, compared to analyst estimates of $15.08 billion. During the same quarter in the prior year, the firm posted $2.20 EPS. International Business Machines’s quarterly revenue was up 1.5% compared to the same quarter last year. As a group, research analysts expect that International Business Machines Co. will post 10.16 EPS for the current year.

International Business Machines Dividend Announcement

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

Analysts Set New Price Targets

IBM has been the subject of a number of recent analyst reports. Bernstein Bank upped their price target on shares of International Business Machines from $185.00 to $210.00 and gave the stock a “market perform” rating in a research report on Thursday, October 3rd. The Goldman Sachs Group upped their target price on shares of International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, September 30th. BMO Capital Markets raised their price target on International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a report on Thursday, October 24th. Morgan Stanley upped their price objective on International Business Machines from $208.00 to $222.00 and gave the stock an “equal weight” rating in a research note on Monday, December 16th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $250.00 price target on shares of International Business Machines in a report on Thursday, October 24th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $215.81.

Insider Buying and Selling

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the transaction, the senior vice president now owns 25,390 shares of the company’s stock, valued at $5,463,928. This represents a 12.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.07% of the stock is currently owned by corporate insiders.

International Business Machines 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.