AMG National Trust Bank Has $3.92 Million Position in International Business Machines Co. (NYSE:IBM)

AMG National Trust Bank decreased its position in International Business Machines Co. (NYSE:IBM - Free Report) by 20.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 17,734 shares of the technology company's stock after selling 4,556 shares during the quarter. AMG National Trust Bank's holdings in International Business Machines were worth $3,921,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Hazlett Burt & Watson Inc. lifted its position 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 worth $29,000 after buying an additional 116 shares in the last quarter. Hara Capital LLC acquired a new position in International Business Machines during the 3rd quarter worth about $29,000. Oliver Lagore Vanvalin Investment Group acquired a new position in International Business Machines during the 2nd quarter worth about $36,000. Wolff Wiese Magana LLC lifted its position in International Business Machines by 37.0% during the 2nd quarter. Wolff Wiese Magana LLC now owns 222 shares of the technology company's stock worth $38,000 after buying an additional 60 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in International Business Machines during the 3rd quarter worth about $43,000. Institutional investors own 58.96% of the company's stock.

Insider Activity at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company's 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 owns 25,390 shares in the company, valued at $5,463,928. This represents a 12.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.07% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. BMO Capital Markets upped their price target on shares of International Business Machines from $235.00 to $260.00 and gave the stock a "market perform" rating in a research report on Thursday, October 24th. The Goldman Sachs Group upped their target price on shares of International Business Machines from $220.00 to $250.00 and gave the company a "buy" rating in a research report on Monday, September 30th. Stifel Nicolaus upped their target price on shares of International Business Machines from $205.00 to $246.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. DZ Bank downgraded shares of International Business Machines from a "buy" rating to a "hold" rating and set a $215.00 target price on the stock. in a research report on Wednesday, October 2nd. Finally, Royal Bank of Canada restated an "outperform" rating and set a $250.00 target price on shares of International Business Machines in a research report on Thursday, October 24th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $208.12.

International Business Machines Stock Up 1.5 %

Shares of International Business Machines stock traded up $3.10 during trading on Monday, reaching $208.09. The stock had a trading volume of 3,367,266 shares, compared to its average volume of 4,233,470. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16. The company has a market capitalization of $192.41 billion, a price-to-earnings ratio of 30.29, a P/E/G ratio of 4.60 and a beta of 0.71. International Business Machines Co. has a 52 week low of $152.35 and a 52 week high of $237.37. The stock has a fifty day moving average price of $218.88 and a two-hundred day moving average price of $194.18.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.03. The company had revenue of $14.97 billion during the quarter, compared to analysts' expectations of $15.08 billion. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The business's quarterly revenue was up 1.5% on a year-over-year basis. During the same period last year, the business earned $2.20 EPS. Sell-side analysts predict that International Business Machines Co. will post 10.12 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be issued a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 3.21%. The ex-dividend date is Tuesday, November 12th. International Business Machines's payout ratio is 97.23%.

About International Business Machines

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.