International Business Machines Co. (NYSE:IBM) is Community Bank N.A.’s 6th Largest Position

Community Bank N.A. cut its position in shares of International Business Machines Co. (NYSE:IBM) by 0.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 105,359 shares of the technology company’s stock after selling 535 shares during the period. International Business Machines makes up 2.2% of Community Bank N.A.’s portfolio, making the stock its 6th largest holding. Community Bank N.A.’s holdings in International Business Machines were worth $17,231,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in IBM. Naples Money Management LLC purchased a new stake in International Business Machines in the 4th quarter valued at about $28,000. Briaud Financial Planning Inc purchased a new stake in International Business Machines in the 3rd quarter valued at about $31,000. Stone House Investment Management LLC raised its holdings in shares of International Business Machines by 971.4% in the 3rd quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock valued at $32,000 after purchasing an additional 204 shares in the last quarter. Financial Gravity Asset Management Inc. raised its holdings in shares of International Business Machines by 67.9% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company’s stock valued at $32,000 after purchasing an additional 91 shares in the last quarter. Finally, Cordant Inc. raised its holdings in shares of International Business Machines by 753.3% in the 4th quarter. Cordant Inc. now owns 256 shares of the technology company’s stock valued at $42,000 after purchasing an additional 226 shares in the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on IBM. StockNews.com lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Tuesday. Societe Generale restated a “sell” rating and issued a $143.00 price target on shares of International Business Machines in a report on Friday, January 5th. Stifel Nicolaus restated a “buy” rating and issued a $190.00 price target on shares of International Business Machines in a report on Wednesday, April 17th. UBS Group boosted their price objective on shares of International Business Machines from $125.00 to $130.00 and gave the stock a “sell” rating in a research note on Monday. Finally, Bank of America boosted their price objective on shares of International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $177.23.

International Business Machines Stock Performance

International Business Machines stock traded up $1.82 during mid-day trading on Wednesday, reaching $184.01. 7,569,395 shares of the company traded hands, compared to its average volume of 4,806,687. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.96 and a quick ratio of 0.93. International Business Machines Co. has a fifty-two week low of $120.55 and a fifty-two week high of $199.18. The company has a market capitalization of $168.69 billion, a price-to-earnings ratio of 22.63, a price-to-earnings-growth ratio of 3.57 and a beta of 0.70. The firm’s fifty day moving average is $188.36 and its two-hundred day moving average is $169.98.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, April 24th. The technology company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.09. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The business had revenue of $14.46 billion for the quarter, compared to analyst estimates of $14.53 billion. During the same quarter in the prior year, the business posted $1.36 EPS. International Business Machines’s revenue for the quarter was up 1.5% compared to the same quarter last year. On average, equities research analysts expect that International Business Machines Co. will post 10.04 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were paid a dividend of $1.66 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a yield of 3.61%. International Business Machines’s payout ratio is 81.67%.

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.