Bank of Hawaii Has $419,000 Holdings in International Business Machines Co. (NYSE:IBM)

Bank of Hawaii trimmed its position in International Business Machines Co. (NYSE:IBM) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,908 shares of the technology company’s stock after selling 68 shares during the quarter. Bank of Hawaii’s holdings in International Business Machines were worth $419,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. F M Investments LLC grew its stake in shares of International Business Machines by 7.8% in the 4th quarter. F M Investments LLC now owns 66,784 shares of the technology company’s stock valued at $14,681,000 after purchasing an additional 4,846 shares during the period. Tandem Investment Partners LLC acquired a new stake in International Business Machines in the 4th quarter valued at $439,000. APG Asset Management N.V. bought a new stake in International Business Machines in the fourth quarter valued at $108,588,000. Abacus FCF Advisors LLC raised its stake in International Business Machines by 46.3% during the fourth quarter. Abacus FCF Advisors LLC now owns 48,200 shares of the technology company’s stock worth $10,596,000 after acquiring an additional 15,252 shares in the last quarter. Finally, FIL Ltd lifted its holdings in shares of International Business Machines by 7.8% during the fourth quarter. FIL Ltd now owns 2,493 shares of the technology company’s stock valued at $548,000 after acquiring an additional 180 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Down 2.6 %

International Business Machines stock opened at $229.18 on Friday. The firm has a market capitalization of $212.51 billion, a price-to-earnings ratio of 35.75, a PEG ratio of 5.81 and a beta of 0.67. The company’s 50 day simple moving average is $249.72 and its 200 day simple moving average is $232.85. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. International Business Machines Co. has a fifty-two week low of $162.62 and a fifty-two week high of $266.45.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, topping analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. As a group, sell-side analysts anticipate that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date was Monday, February 10th. International Business Machines’s dividend payout ratio is currently 104.21%.

Insider Activity

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the sale, the senior vice president now directly owns 45,007 shares in the company, valued at approximately $11,387,221.07. This trade represents a 37.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.18% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on IBM shares. BMO Capital Markets upped their target price on shares of International Business Machines from $260.00 to $280.00 and gave the stock a “market perform” rating in a report on Thursday, January 30th. Oppenheimer started coverage on shares of International Business Machines in a report on Tuesday, February 11th. They set an “outperform” rating and a $320.00 price objective for the company. Bank of America boosted their target price on International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of International Business Machines in a report on Wednesday, February 5th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $250.00 price objective on shares of International Business Machines in a research note on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $231.13.

International Business Machines Company Profile

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.