International Business Machines Co. (NYSE:IBM) Shares Sold by Town & Country Bank & Trust CO dba First Bankers Trust CO

Town & Country Bank & Trust CO dba First Bankers Trust CO reduced its stake in International Business Machines Co. (NYSE:IBM) by 3.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,755 shares of the technology company’s stock after selling 100 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in International Business Machines were worth $685,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Compass Financial Services Inc purchased a new stake in shares of International Business Machines during the 4th quarter valued at about $26,000. Vision Financial Markets LLC acquired a new stake in International Business Machines in the fourth quarter valued at approximately $31,000. Rialto Wealth Management LLC purchased a new stake in shares of International Business Machines during the fourth quarter valued at approximately $35,000. Tacita Capital Inc lifted its position in shares of International Business Machines by 174.3% during the fourth quarter. Tacita Capital Inc now owns 192 shares of the technology company’s stock worth $42,000 after purchasing an additional 122 shares in the last quarter. Finally, Measured Risk Portfolios Inc. purchased a new position in shares of International Business Machines in the fourth quarter valued at $43,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. KGI Securities set a $242.00 price target on International Business Machines and gave the stock a “hold” rating in a research note on Thursday, April 24th. Citigroup reissued an “outperform” rating on shares of International Business Machines in a report on Saturday, May 10th. Erste Group Bank upgraded International Business Machines from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Finally, Wall Street Zen cut International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, International Business Machines currently has an average rating of “Hold” and a consensus price target of $249.06.

International Business Machines Stock Performance

Shares of NYSE IBM opened at $258.80 on Friday. The business’s 50-day simple moving average is $246.19 and its 200-day simple moving average is $239.48. International Business Machines Co. has a 52 week low of $163.53 and a 52 week high of $269.28. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The firm has a market cap of $240.53 billion, a price-to-earnings ratio of 40.37, a P/E/G ratio of 5.81 and a beta of 0.64.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.18. The business had revenue of $14.54 billion during the quarter, compared to analysts’ expectations of $14.41 billion. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. International Business Machines’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the company earned $1.68 earnings per share. As a group, equities research analysts expect that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 9th will be paid a dividend of $1.68 per share. This is an increase from International Business Machines’s previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a yield of 2.60%. International Business Machines’s dividend payout ratio is presently 115.66%.

Insider Activity at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of the company’s stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 45,007 shares in the company, valued at $11,387,221.07. This represents a 37.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is owned by corporate insiders.

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.