Arlington Trust Co LLC Raises Stock Holdings in International Business Machines Co. (NYSE:IBM)

Arlington Trust Co LLC raised its position in International Business Machines Co. (NYSE:IBM) by 36.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,946 shares of the technology company’s stock after purchasing an additional 518 shares during the period. Arlington Trust Co LLC’s holdings in International Business Machines were worth $428,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IBM. LongView Wealth Management purchased a new stake in International Business Machines in the third quarter valued at approximately $250,000. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of International Business Machines by 355.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 7,153 shares of the technology company’s stock worth $1,581,000 after purchasing an additional 5,581 shares during the last quarter. Valeo Financial Advisors LLC raised its stake in shares of International Business Machines by 4.1% during the third quarter. Valeo Financial Advisors LLC now owns 14,000 shares of the technology company’s stock worth $3,095,000 after purchasing an additional 552 shares during the last quarter. Ritholtz Wealth Management raised its stake in shares of International Business Machines by 8.9% during the third quarter. Ritholtz Wealth Management now owns 10,596 shares of the technology company’s stock worth $2,342,000 after purchasing an additional 862 shares during the last quarter. Finally, Matrix Asset Advisors Inc. NY purchased a new stake in shares of International Business Machines during the third quarter worth approximately $248,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Down 0.4 %

International Business Machines stock opened at $252.31 on Monday. 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 capitalization of $233.30 billion, a price-to-earnings ratio of 39.36, a price-to-earnings-growth ratio of 5.57 and a beta of 0.76. International Business Machines Co. has a fifty-two week low of $162.62 and a fifty-two week high of $265.72. The stock’s fifty day moving average is $229.76 and its two-hundred day moving average is $217.15.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, beating the consensus estimate of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. Analysts predict that International Business Machines Co. will post 10.75 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines’s payout ratio is currently 104.21%.

Wall Street Analyst Weigh In

IBM has been the subject of several analyst reports. JPMorgan Chase & Co. upped their price target on International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Royal Bank of Canada restated an “outperform” rating and set a $250.00 price target on shares of International Business Machines in a research note on Monday, January 27th. Sanford C. Bernstein upped their price target on International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a research note on Friday, January 3rd. Morgan Stanley upped their price target on 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. Finally, StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, International Business Machines has an average rating of “Hold” and a consensus target price of $225.53.

International Business Machines 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.