International Business Machines Co. (NYSE:IBM) Shares Acquired by FARMERS & MERCHANTS TRUST Co OF LONG BEACH

FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its stake in International Business Machines Co. (NYSE:IBM) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,328 shares of the technology company’s stock after acquiring an additional 51 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in International Business Machines were worth $512,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in IBM. Selective Wealth Management Inc. raised its stake in shares of International Business Machines by 2.2% during the fourth quarter. Selective Wealth Management Inc. now owns 6,013 shares of the technology company’s stock worth $1,309,000 after purchasing an additional 128 shares during the last quarter. Brooklyn Investment Group increased its stake in International Business Machines by 1.1% in the 4th quarter. Brooklyn Investment Group now owns 4,992 shares of the technology company’s stock valued at $1,097,000 after buying an additional 53 shares during the period. Merit Financial Group LLC raised its position in International Business Machines by 20.5% during the 4th quarter. Merit Financial Group LLC now owns 20,825 shares of the technology company’s stock worth $4,578,000 after buying an additional 3,544 shares during the last quarter. Avanza Fonder AB acquired a new stake in shares of International Business Machines in the 4th quarter worth $14,659,000. Finally, Wealthcare Advisory Partners LLC boosted its holdings in shares of International Business Machines by 0.3% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 18,608 shares of the technology company’s stock valued at $4,091,000 after acquiring an additional 61 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Price Performance

IBM stock opened at $224.73 on Friday. The stock’s 50 day moving average price is $222.65 and its 200 day moving average price is $210.31. The firm has a market cap of $207.80 billion, a P/E ratio of 32.71, a PEG ratio of 4.71 and a beta of 0.74. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $239.35.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.03. The business had revenue of $14.97 billion for the quarter, compared to the consensus estimate of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The business’s revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the business earned $2.20 earnings per share. On average, sell-side analysts expect that International Business Machines Co. will post 10.16 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were issued a dividend of $1.67 per share. The ex-dividend date was Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.97%. International Business Machines’s dividend payout ratio (DPR) is presently 97.23%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Bernstein Bank increased their price target on shares of International Business Machines from $185.00 to $210.00 and gave the stock a “market perform” rating in a report on Thursday, October 3rd. Bank of America raised their price target on International Business Machines from $209.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. UBS Group upped their price objective on International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a report on Tuesday. BMO Capital Markets raised their target price on International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a report on Thursday, October 24th. Finally, Jefferies Financial Group upped their price target on shares of International Business Machines from $200.00 to $245.00 and gave the stock a “hold” rating in a research note on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, International Business Machines has an average rating of “Hold” and a consensus target price of $215.81.

Insider Activity at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines stock in a transaction on Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the completion of the sale, the senior vice president now owns 25,390 shares of the company’s stock, valued at $5,463,928. The trade was a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.07% of the company’s stock.

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.