Trustmark National Bank Trust Department Has $18.13 Million Stake in International Business Machines Co. (NYSE:IBM)

Trustmark National Bank Trust Department decreased its holdings in International Business Machines Co. (NYSE:IBM - Free Report) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 82,462 shares of the technology company's stock after selling 2,600 shares during the quarter. International Business Machines accounts for about 1.3% of Trustmark National Bank Trust Department's investment portfolio, making the stock its 15th largest position. Trustmark National Bank Trust Department's holdings in International Business Machines were worth $18,128,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Compass Financial Services Inc acquired a new position in International Business Machines during the fourth quarter valued at $26,000. Vision Financial Markets LLC purchased a new position in International Business Machines during the fourth quarter valued at approximately $31,000. Avondale Wealth Management increased its stake in International Business Machines by 56.0% in the 4th quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock valued at $34,000 after buying an additional 56 shares during the period. Valued Wealth Advisors LLC lifted its position in International Business Machines by 134.3% in the 4th quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock worth $35,000 after buying an additional 90 shares in the last quarter. Finally, Rialto Wealth Management LLC acquired a new stake in shares of International Business Machines during the 4th quarter valued at $35,000. Institutional investors and hedge funds own 58.96% of the company's stock.

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International Business Machines Trading Up 0.7 %

Shares of NYSE:IBM traded up $1.67 during trading on Tuesday, hitting $240.73. 3,362,107 shares of the company's stock were exchanged, compared to its average volume of 4,213,962. The firm has a 50-day moving average price of $248.67 and a two-hundred day moving average price of $233.14. 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 cap of $223.22 billion, a P/E ratio of 37.55, a PEG ratio of 5.81 and a beta of 0.67. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82.

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

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were paid a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.77%. The ex-dividend date was Monday, February 10th. International Business Machines's payout ratio is presently 104.21%.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Sanford C. Bernstein upped their price objective on shares of International Business Machines from $210.00 to $215.00 and gave the stock a "market perform" rating in a report on Friday, January 3rd. JPMorgan Chase & Co. increased their price objective on International Business Machines from $233.00 to $244.00 and gave the company a "neutral" rating in a report on Thursday, January 30th. Wedbush initiated coverage on International Business Machines in a research report on Monday, February 3rd. They set an "outperform" rating for the company. StockNews.com cut shares of International Business Machines from a "buy" rating to a "hold" rating in a research note on Saturday, March 15th. Finally, 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. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, International Business Machines presently has a consensus rating of "Hold" and a consensus target price of $232.75.

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.