Indiana Trust & Investment Management Co Has $668,000 Holdings in International Business Machines Co. (NYSE:IBM)

Indiana Trust & Investment Management Co trimmed its holdings in International Business Machines Co. (NYSE:IBM) by 3.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,040 shares of the technology company’s stock after selling 100 shares during the quarter. Indiana Trust & Investment Management Co’s holdings in International Business Machines were worth $668,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of IBM. Authentikos Wealth Advisory LLC grew its position in International Business Machines by 110.0% in the 4th quarter. Authentikos Wealth Advisory LLC now owns 1,363 shares of the technology company’s stock worth $300,000 after purchasing an additional 714 shares during the last quarter. Leavell Investment Management Inc. lifted its stake in shares of International Business Machines by 3.6% in the fourth quarter. Leavell Investment Management Inc. now owns 19,158 shares of the technology company’s stock valued at $4,212,000 after buying an additional 672 shares during the period. Portfolio Design Labs LLC grew its position in International Business Machines by 232.8% during the fourth quarter. Portfolio Design Labs LLC now owns 3,917 shares of the technology company’s stock worth $861,000 after buying an additional 2,740 shares in the last quarter. Gradient Capital Advisors LLC increased its stake in International Business Machines by 3.8% during the fourth quarter. Gradient Capital Advisors LLC now owns 1,897 shares of the technology company’s stock valued at $417,000 after acquiring an additional 70 shares during the period. Finally, New Republic Capital LLC raised its holdings in International Business Machines by 16.0% in the 4th quarter. New Republic Capital LLC now owns 1,711 shares of the technology company’s stock valued at $376,000 after acquiring an additional 236 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

IBM has been the topic of several recent research reports. UBS Group lifted 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, January 14th. Wedbush assumed coverage on shares of International Business Machines in a report on Monday, February 3rd. They issued an “outperform” rating on the stock. BMO Capital Markets increased their price objective on shares of International Business Machines from $260.00 to $280.00 and gave the company a “market perform” rating in a research note on Thursday, January 30th. StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. Finally, Morgan Stanley raised their price target on shares of International Business Machines from $217.00 to $228.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $231.44.

International Business Machines Stock Performance

Shares of NYSE:IBM opened at $254.85 on Wednesday. The business has a fifty day moving average of $230.19 and a 200-day moving average of $217.78. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. International Business Machines Co. has a twelve month low of $162.62 and a twelve month high of $265.72. The firm has a market cap of $235.65 billion, a PE ratio of 39.76, a price-to-earnings-growth ratio of 5.57 and a beta of 0.76.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) 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%. On average, equities research analysts predict that International Business Machines Co. will post 10.75 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be given a $1.67 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.62%. International Business Machines’s payout ratio is 104.21%.

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.