Arvest Bank Trust Division Acquires New Shares in International Business Machines Co. (NYSE:IBM)

Arvest Bank Trust Division bought a new position in shares of International Business Machines Co. (NYSE:IBM - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 14,719 shares of the technology company's stock, valued at approximately $3,254,000.

A number of other institutional investors have also recently bought and sold shares of the company. State Street Corp grew its stake in International Business Machines by 2.2% in the third quarter. State Street Corp now owns 55,671,883 shares of the technology company's stock valued at $12,307,940,000 after acquiring an additional 1,200,803 shares during the period. Legal & General Group Plc grew its stake in International Business Machines by 4.1% in the second quarter. Legal & General Group Plc now owns 8,487,827 shares of the technology company's stock valued at $1,467,974,000 after purchasing an additional 330,694 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in International Business Machines by 6.4% during the second quarter. Ameriprise Financial Inc. now owns 7,366,715 shares of the technology company's stock worth $1,274,074,000 after buying an additional 444,698 shares during the last quarter. FMR LLC increased its stake in shares of International Business Machines by 6.0% during the 3rd quarter. FMR LLC now owns 5,195,933 shares of the technology company's stock worth $1,148,717,000 after purchasing an additional 294,276 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of International Business Machines by 6.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,796,206 shares of the technology company's stock valued at $829,431,000 after purchasing an additional 304,390 shares during the period. Institutional investors and hedge funds own 58.96% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Jefferies Financial Group lifted their target price on International Business Machines from $200.00 to $245.00 and gave the stock a "hold" rating in a research note on Monday, October 21st. StockNews.com cut shares of International Business Machines from a "buy" rating to a "hold" rating in a research report on Wednesday, November 20th. Bernstein Bank raised 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 research note on Thursday, October 3rd. Morgan Stanley reduced their target price on shares of International Business Machines from $217.00 to $208.00 and set an "equal weight" rating for the company in a report on Thursday, October 24th. Finally, Bank of America increased their price target on shares of International Business Machines from $209.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $208.12.

Insider Buying and Selling at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $215.20, for a total value of $774,720.00. Following the completion of the transaction, the senior vice president now owns 25,390 shares of the company's stock, valued at approximately $5,463,928. This represents 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. Company insiders own 0.07% of the company's stock.

International Business Machines Price Performance

Shares of IBM traded up $2.14 during trading hours on Thursday, hitting $232.26. 4,508,995 shares of the company were exchanged, compared to its average volume of 4,234,105. The company has a market cap of $214.76 billion, a price-to-earnings ratio of 33.49, a P/E/G ratio of 5.16 and a beta of 0.73. The firm's fifty day moving average is $222.38 and its 200 day moving average is $200.91. International Business Machines Co. has a fifty-two week low of $157.88 and a fifty-two week high of $239.35. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16.

International Business Machines (NYSE:IBM - Get Free Report) last released its 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 firm had revenue of $14.97 billion for the quarter, compared to analyst estimates of $15.08 billion. During the same period last year, the firm earned $2.20 EPS. The business's quarterly revenue was up 1.5% compared to the same quarter last year. On average, equities analysts anticipate that International Business Machines Co. will post 10.12 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were paid a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend was Tuesday, November 12th. International Business Machines's payout ratio is presently 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.