Arbor Trust Wealth Advisors LLC Has $1.34 Million Stock Holdings in International Business Machines Co. (NYSE:IBM)

Arbor Trust Wealth Advisors LLC lifted its position in International Business Machines Co. (NYSE:IBM - Free Report) by 31.2% during the 4th quarter, according to the company in its most recent filing with the SEC. 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 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in IBM. International Assets Investment Management LLC raised its stake in shares of International Business Machines by 20,324.5% in the third quarter. International Assets Investment Management LLC now owns 2,715,636 shares of the technology company's stock worth $600,373,000 after acquiring an additional 2,702,340 shares during the last quarter. Holocene Advisors LP acquired a new stake in shares of International Business Machines in the third quarter valued at approximately $573,306,000. State Street Corp raised its position in International Business Machines by 2.2% in the 3rd quarter. State Street Corp now owns 55,671,883 shares of the technology company's stock worth $12,307,940,000 after purchasing an additional 1,200,803 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in International Business Machines by 306.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,401,798 shares of the technology company's stock worth $242,441,000 after buying an additional 1,056,759 shares in the last quarter. Finally, Eagle Asset Management Inc. increased its stake in shares of International Business Machines by 587.1% in the 3rd quarter. Eagle Asset Management Inc. now owns 628,213 shares of the technology company's stock valued at $134,262,000 after buying an additional 536,785 shares during the period. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Stock Up 0.9 %

Shares of International Business Machines stock traded up $2.07 on Friday, hitting $224.73. The company had a trading volume of 5,481,686 shares, compared to its average volume of 2,994,162. The firm has a market capitalization of $207.80 billion, a P/E ratio of 32.71, a P/E/G ratio of 4.71 and a beta of 0.74. International Business Machines Co. has a twelve month low of $162.62 and a twelve month high of $239.35. The stock has a 50-day moving average of $222.87 and a 200-day moving average of $210.89. 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 - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.03. The firm had revenue of $14.97 billion for the quarter, compared to the consensus estimate of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The company's revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the business posted $2.20 EPS. Research analysts predict that International Business Machines Co. will post 10.16 earnings per share for the current year.

International Business Machines Announces Dividend

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

Analyst Upgrades and Downgrades

IBM has been the topic of several research reports. Bernstein Bank upped their price target on International Business Machines from $185.00 to $210.00 and gave the company a "market perform" rating in a research note on Thursday, October 3rd. Jefferies Financial Group raised their target price on shares of International Business Machines from $200.00 to $245.00 and gave the company a "hold" rating in a research note on Monday, October 21st. Bank of America boosted their price target 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. UBS Group lifted their target price on shares of International Business Machines from $150.00 to $160.00 and gave the stock a "sell" rating in a report on Tuesday, January 14th. Finally, Morgan Stanley increased their price target on International Business Machines from $208.00 to $222.00 and gave the company an "equal weight" rating in a research note on Monday, December 16th. Two research 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, the company presently has a consensus rating of "Hold" and a consensus price target of $215.81.

Insider Activity

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the sale, the senior vice president now owns 25,390 shares of the company's stock, valued at approximately $5,463,928. The trade was a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.07% of the stock is 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.