Commerce Bank Has $34.52 Million Holdings in International Business Machines Co. (NYSE:IBM)

Commerce Bank lessened its holdings in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 157,037 shares of the technology company's stock after selling 2,945 shares during the quarter. Commerce Bank's holdings in International Business Machines were worth $34,521,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Compass Financial Services Inc acquired a new position in shares of International Business Machines in the fourth quarter valued at $26,000. Vision Financial Markets LLC bought a new stake in International Business Machines in the fourth quarter valued at about $31,000. Avondale Wealth Management raised its position in International Business Machines by 56.0% in the fourth quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock worth $34,000 after purchasing an additional 56 shares in the last quarter. Valued Wealth Advisors LLC lifted its stake in International Business Machines by 134.3% during the fourth quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock worth $35,000 after purchasing an additional 90 shares during the period. Finally, Rialto Wealth Management LLC acquired a new stake in International Business Machines during the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 58.96% of the company's stock.

Insider Activity

In related news, SVP Robert David Thomas sold 26,543 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $253.01, for a total value of $6,715,644.43. Following the transaction, the senior vice president now owns 45,007 shares in the company, valued at approximately $11,387,221.07. This represents a 37.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.18% of the company's stock.

International Business Machines Trading Down 0.1 %

IBM traded down $0.12 during mid-day trading on Friday, hitting $238.45. The stock had a trading volume of 4,626,569 shares, compared to its average volume of 4,232,328. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $266.45. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. The stock's fifty day simple moving average is $247.61 and its 200-day simple moving average is $233.58. The firm has a market capitalization of $221.10 billion, a price-to-earnings ratio of 37.20, a price-to-earnings-growth ratio of 5.81 and a beta of 0.67.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, topping analysts' consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. As a group, research analysts forecast that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date was Monday, February 10th. International Business Machines's dividend payout ratio (DPR) is presently 104.21%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on IBM shares. Wedbush started coverage on shares of International Business Machines in a research report on Monday, February 3rd. They set an "outperform" rating for the company. BMO Capital Markets lifted their target price on shares of International Business Machines from $260.00 to $280.00 and gave the company a "market perform" rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. boosted their target price on International Business Machines from $233.00 to $244.00 and gave the stock a "neutral" rating in a report on Thursday, January 30th. Oppenheimer assumed coverage on shares of International Business Machines in a research note on Tuesday, February 11th. They issued an "outperform" rating and a $320.00 target price for the company. Finally, Sanford C. Bernstein lifted their price objective on International Business Machines from $210.00 to $215.00 and gave the stock a "market perform" rating in a research report on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, International Business Machines has a consensus rating of "Hold" and an average price target of $232.75.

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.