Arbor Trust Wealth Advisors LLC Buys 150 Shares of International Business Machines Co. (NYSE:IBM)

Arbor Trust Wealth Advisors LLC increased its stake in shares of International Business Machines Co. (NYSE:IBMGet Rating) by 3.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,844 shares of the technology company’s stock after buying an additional 150 shares during the quarter. Arbor Trust Wealth Advisors LLC’s holdings in International Business Machines were worth $684,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. IFS Advisors LLC bought a new position in International Business Machines in the 4th quarter valued at $28,000. Gleason Group Inc. bought a new position in International Business Machines in the 2nd quarter valued at $28,000. Parkside Investments LLC bought a new position in International Business Machines in the 1st quarter valued at $31,000. SJS Investment Consulting Inc. grew its stake in International Business Machines by 39.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 270 shares of the technology company’s stock valued at $35,000 after purchasing an additional 77 shares during the period. Finally, PrairieView Partners LLC grew its stake in International Business Machines by 64.2% in the 1st quarter. PrairieView Partners LLC now owns 284 shares of the technology company’s stock valued at $37,000 after purchasing an additional 111 shares during the period. Institutional investors own 55.52% of the company’s stock.

Insider Buying and Selling at International Business Machines

In other International Business Machines news, Director David N. Farr purchased 1,000 shares of the stock in a transaction on Thursday, September 15th. The shares were purchased at an average price of $125.00 per share, with a total value of $125,000.00. Following the acquisition, the director now directly owns 1,000 shares in the company, valued at approximately $125,000. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on IBM. StockNews.com downgraded International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, August 31st. BMO Capital Markets reduced their price objective on International Business Machines from $152.00 to $148.00 in a research note on Tuesday, July 19th. Credit Suisse Group increased their price target on International Business Machines from $156.00 to $163.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 17th. Societe Generale cut their price target on International Business Machines to $129.00 in a research note on Tuesday, September 13th. Finally, Morgan Stanley cut their price target on International Business Machines from $157.00 to $155.00 and set an “overweight” rating for the company in a research note on Tuesday, July 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $145.18.

International Business Machines Price Performance

IBM traded down $2.48 during trading on Friday, reaching $122.83. 393,319 shares of the company were exchanged, compared to its average volume of 3,566,598. The company’s 50-day moving average is $130.85 and its two-hundred day moving average is $132.93. The company has a market cap of $110.94 billion, a price-to-earnings ratio of 20.06, a P/E/G ratio of 1.91 and a beta of 0.84. The company has a quick ratio of 0.82, a current ratio of 0.88 and a debt-to-equity ratio of 2.28. International Business Machines Co. has a 12-month low of $114.56 and a 12-month high of $146.00.

International Business Machines (NYSE:IBMGet Rating) last issued its quarterly earnings data on Monday, July 18th. The technology company reported $2.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.02. The business had revenue of $15.54 billion for the quarter, compared to analysts’ expectations of $15.18 billion. International Business Machines had a return on equity of 43.52% and a net margin of 8.72%. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.33 EPS. Research analysts forecast that International Business Machines Co. will post 9.39 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, September 10th. Investors of record on Wednesday, August 10th were issued a dividend of $1.65 per share. The ex-dividend date of this dividend was Tuesday, August 9th. This represents a $6.60 dividend on an annualized basis and a yield of 5.37%. International Business Machines’s dividend payout ratio (DPR) is 107.14%.

International Business Machines Company Profile

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International Business Machines Corporation provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions, such as Red Hat, an enterprise open-source solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity.

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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