Community Bank N.A. Has $22.23 Million Stock Holdings in International Business Machines Co. (NYSE:IBM)

Community Bank N.A. trimmed its position in International Business Machines Co. (NYSE:IBM - Free Report) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,131 shares of the technology company's stock after selling 2,376 shares during the quarter. International Business Machines accounts for 2.9% of Community Bank N.A.'s portfolio, making the stock its 5th largest position. Community Bank N.A.'s holdings in International Business Machines were worth $22,232,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. United Bank lifted its position in shares of International Business Machines by 53.3% during the 3rd quarter. United Bank now owns 5,628 shares of the technology company's stock worth $1,244,000 after buying an additional 1,956 shares during the period. Quest Partners LLC lifted its holdings in shares of International Business Machines by 23,700.0% during the third quarter. Quest Partners LLC now owns 238 shares of the technology company's stock valued at $53,000 after acquiring an additional 237 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of International Business Machines by 23.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 95,529 shares of the technology company's stock valued at $21,120,000 after purchasing an additional 18,340 shares in the last quarter. Nwam LLC bought a new stake in shares of International Business Machines in the 3rd quarter worth about $2,139,000. Finally, Waddell & Associates LLC lifted its holdings in International Business Machines by 7.4% during the 3rd quarter. Waddell & Associates LLC now owns 4,461 shares of the technology company's stock valued at $986,000 after purchasing an additional 309 shares during the last quarter. 58.96% of the stock is owned by institutional investors.

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International Business Machines Stock Performance

Shares of IBM traded up $0.82 during midday trading on Tuesday, reaching $249.27. The stock had a trading volume of 1,219,846 shares, compared to its average volume of 4,789,265. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The firm has a 50 day simple moving average of $247.40 and a 200-day simple moving average of $230.42. The firm has a market cap of $231.14 billion, a PE ratio of 38.89, a P/E/G ratio of 5.81 and a beta of 0.74. International Business Machines Co. has a one year low of $162.62 and a one year high of $266.45.

International Business Machines (NYSE:IBM - Get Free Report) last announced 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, sell-side analysts anticipate that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.68%. The ex-dividend date was Monday, February 10th. International Business Machines's dividend payout ratio is 104.21%.

Analyst Ratings Changes

Several brokerages have recently commented on IBM. Erste Group Bank raised International Business Machines from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. JPMorgan Chase & Co. lifted their price target on International Business Machines from $233.00 to $244.00 and gave the company a "neutral" rating in a report on Thursday, January 30th. Bank of America increased their price objective on shares of International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Wedbush began coverage on shares of International Business Machines in a research note on Monday, February 3rd. They issued an "outperform" rating for the company. Finally, UBS Group increased their price target on shares of International Business Machines from $150.00 to $160.00 and gave the company a "sell" rating in a research note on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $231.44.

Insider Activity

In other news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total transaction 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 trade represents a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.18% of the company's stock.

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.