American National Bank & Trust Buys 2,603 Shares of International Business Machines Corporation $IBM

American National Bank & Trust lifted its stake in shares of International Business Machines Corporation (NYSE:IBM) by 26.2% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 12,537 shares of the technology company’s stock after buying an additional 2,603 shares during the quarter. American National Bank & Trust’s holdings in International Business Machines were worth $3,537,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Lifestyle Asset Management Inc. boosted its holdings in shares of International Business Machines by 1.7% during the second quarter. Lifestyle Asset Management Inc. now owns 2,144 shares of the technology company’s stock worth $632,000 after acquiring an additional 36 shares during the period. Whelan Financial lifted its holdings in International Business Machines by 2.4% during the 2nd quarter. Whelan Financial now owns 1,525 shares of the technology company’s stock worth $450,000 after purchasing an additional 36 shares during the last quarter. Ignite Planners LLC boosted its stake in International Business Machines by 0.9% in the 2nd quarter. Ignite Planners LLC now owns 3,964 shares of the technology company’s stock valued at $1,133,000 after purchasing an additional 36 shares during the period. Vishria Bird Financial Group LLC boosted its stake in International Business Machines by 3.0% in the 3rd quarter. Vishria Bird Financial Group LLC now owns 1,230 shares of the technology company’s stock valued at $347,000 after purchasing an additional 36 shares during the period. Finally, Foster Group Inc. grew its holdings in International Business Machines by 1.6% in the 3rd quarter. Foster Group Inc. now owns 2,474 shares of the technology company’s stock valued at $698,000 after buying an additional 38 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on IBM. UBS Group reissued a “sell” rating on shares of International Business Machines in a report on Tuesday, December 9th. Stifel Nicolaus raised their price target on shares of International Business Machines from $295.00 to $325.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. Weiss Ratings raised shares of International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a report on Saturday, October 25th. Morgan Stanley decreased their target price on shares of International Business Machines from $256.00 to $252.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 23rd. Finally, Erste Group Bank upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $293.38.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $291.35 on Friday. The firm has a 50 day moving average of $304.54 and a 200-day moving average of $281.48. International Business Machines Corporation has a 12 month low of $214.50 and a 12 month high of $324.90. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 1.97. The stock has a market capitalization of $272.33 billion, a PE ratio of 34.85, a PEG ratio of 2.74 and a beta of 0.69.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.20. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The business had revenue of $16.33 billion for the quarter, compared to analysts’ expectations of $16.10 billion. During the same period last year, the firm posted $2.30 earnings per share. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, equities research analysts predict that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th were paid a $1.68 dividend. The ex-dividend date was Monday, November 10th. This represents a $6.72 annualized dividend and a dividend yield of 2.3%. International Business Machines’s dividend payout ratio (DPR) is presently 80.38%.

About International Business Machines

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.