WoodTrust Financial Corp Has $1.31 Million Stock Position in International Business Machines Co. (NYSE:IBM)

WoodTrust Financial Corp lowered its holdings in International Business Machines Co. (NYSE:IBM) by 4.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,924 shares of the technology company’s stock after selling 265 shares during the quarter. WoodTrust Financial Corp’s holdings in International Business Machines were worth $1,310,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Hazlett Burt & Watson Inc. grew its holdings in shares of International Business Machines by 1,054.5% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock worth $29,000 after purchasing an additional 116 shares in the last quarter. FPC Investment Advisory Inc. bought a new stake in shares of International Business Machines during the first quarter worth $26,000. ESL Trust Services LLC bought a new stake in shares of International Business Machines during the first quarter worth $28,000. Oliver Lagore Vanvalin Investment Group bought a new position in International Business Machines in the second quarter valued at about $36,000. Finally, Wolff Wiese Magana LLC boosted its holdings in International Business Machines by 37.0% in the second quarter. Wolff Wiese Magana LLC now owns 222 shares of the technology company’s stock valued at $38,000 after acquiring an additional 60 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Performance

NYSE:IBM opened at $213.58 on Thursday. The stock has a market cap of $197.49 billion, a P/E ratio of 31.09, a PEG ratio of 4.64 and a beta of 0.71. The stock has a 50 day simple moving average of $217.49 and a 200 day simple moving average of $191.86. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16. International Business Machines Co. has a 1-year low of $145.28 and a 1-year high of $237.37.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.03. The firm had revenue of $14.97 billion during the quarter, compared to analysts’ expectations of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.20 EPS. Research analysts anticipate that International Business Machines Co. will post 10.11 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be issued a dividend of $1.67 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.13%. International Business Machines’s dividend payout ratio (DPR) is currently 97.23%.

Analyst Ratings Changes

Several equities analysts recently issued reports on IBM shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $250.00 price target on shares of International Business Machines in a report on Thursday, October 24th. Bernstein Bank raised their price target on International Business Machines from $185.00 to $210.00 and gave the stock a “market perform” rating in a research report on Thursday, October 3rd. UBS Group increased their price objective on International Business Machines from $130.00 to $145.00 and gave the stock a “sell” rating in a report on Wednesday, September 4th. Morgan Stanley decreased their price objective on International Business Machines from $217.00 to $208.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. Finally, Bank of America raised their price target on International Business Machines from $209.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $208.12.

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.