International Business Machines Co. (NYSE:IBM) Shares Bought by Glenview Trust co

Glenview Trust co boosted its holdings in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 158,109 shares of the technology company's stock after buying an additional 1,554 shares during the quarter. Glenview Trust co's holdings in International Business Machines were worth $34,757,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of IBM. Meeder Asset Management Inc. lifted its stake in shares of International Business Machines by 40.9% during the third quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company's stock worth $126,000 after buying an additional 166 shares during the period. Blue Zone Wealth Advisors LLC acquired a new position in shares of International Business Machines in the fourth quarter valued at about $242,000. Brady Martz Wealth Solutions LLC purchased a new position in shares of International Business Machines in the fourth quarter worth about $1,940,000. Tranquilli Financial Advisor LLC acquired a new stake in shares of International Business Machines during the fourth quarter worth about $373,000. Finally, Truist Financial Corp increased its holdings in International Business Machines by 6.5% in the 4th quarter. Truist Financial Corp now owns 811,062 shares of the technology company's stock worth $178,296,000 after buying an additional 49,591 shares during the period. Institutional investors own 58.96% of the company's stock.

Wall Street Analysts Forecast Growth

IBM has been the topic of several analyst reports. Sanford C. Bernstein increased their price target 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. JPMorgan Chase & Co. raised their price target on shares of International Business Machines from $233.00 to $244.00 and gave the company a "neutral" rating in a research report on Thursday, January 30th. 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 Monday, January 27th. Wedbush started coverage on International Business Machines in a report on Monday, February 3rd. They issued an "outperform" rating on the stock. Finally, StockNews.com downgraded International Business Machines from a "buy" rating to a "hold" rating in a research note on Saturday. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $231.44.

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Insider Transactions at International Business Machines

In other news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction dated 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 sale, the senior vice president now owns 45,007 shares in the company, valued at approximately $11,387,221.07. The trade was a 37.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.07% of the company's stock.

International Business Machines Stock Up 1.0 %

Shares of IBM traded up $2.35 during midday trading on Friday, hitting $248.15. The company had a trading volume of 4,045,157 shares, compared to its average volume of 3,889,906. The company's 50-day simple moving average is $244.23 and its 200-day simple moving average is $228.47. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $266.45. The firm has a market capitalization of $230.10 billion, a P/E ratio of 38.71, a P/E/G ratio of 5.81 and a beta of 0.74.

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

International Business Machines Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.69%. International Business Machines's payout ratio is currently 104.21%.

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.