Jacobs & Co. CA Has $14.95 Million Stake in International Business Machines Co. (NYSE:IBM)

Jacobs & Co. CA decreased its holdings in International Business Machines Co. (NYSE:IBM) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 67,992 shares of the technology company’s stock after selling 3,022 shares during the quarter. International Business Machines makes up 1.5% of Jacobs & Co. CA’s investment portfolio, making the stock its 17th biggest holding. Jacobs & Co. CA’s holdings in International Business Machines were worth $14,946,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. LVM Capital Management Ltd. MI raised its stake in International Business Machines by 6.0% during the fourth quarter. LVM Capital Management Ltd. MI now owns 11,982 shares of the technology company’s stock worth $2,634,000 after buying an additional 678 shares during the last quarter. Hilltop National Bank boosted its position in shares of International Business Machines by 34.8% during the 4th quarter. Hilltop National Bank now owns 7,827 shares of the technology company’s stock valued at $1,721,000 after purchasing an additional 2,022 shares in the last quarter. ST Germain D J Co. Inc. grew its stake in International Business Machines by 6.1% during the fourth quarter. ST Germain D J Co. Inc. now owns 11,304 shares of the technology company’s stock worth $2,485,000 after purchasing an additional 650 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in International Business Machines by 0.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 783,798 shares of the technology company’s stock worth $173,282,000 after purchasing an additional 4,330 shares in the last quarter. Finally, Avondale Wealth Management boosted its holdings in shares of International Business Machines by 56.0% during the 4th quarter. Avondale Wealth Management now owns 156 shares of the technology company’s stock worth $34,000 after buying an additional 56 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Performance

NYSE:IBM traded down $3.04 during trading hours on Friday, reaching $220.14. The stock had a trading volume of 1,627,436 shares, compared to its average volume of 2,798,827. International Business Machines Co. has a 12-month low of $160.29 and a 12-month high of $239.35. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06. The stock has a 50 day simple moving average of $221.70 and a 200 day simple moving average of $208.69. The stock has a market cap of $203.55 billion, a P/E ratio of 32.04, a price-to-earnings-growth ratio of 5.18 and a beta of 0.74.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.03. The business had revenue of $14.97 billion for 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 firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.20 EPS. On average, research analysts forecast that International Business Machines Co. will post 10.12 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were issued a dividend of $1.67 per share. The ex-dividend date was Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a yield of 3.03%. International Business Machines’s payout ratio is 97.23%.

Insider Transactions at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $215.20, for a total transaction of $774,720.00. Following the completion of the sale, the senior vice president now owns 25,390 shares in the company, valued at approximately $5,463,928. This trade represents a 12.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.07% of the company’s stock.

Wall Street Analysts Forecast Growth

IBM has been the topic of a number of research analyst reports. Stifel Nicolaus increased their price objective on shares of International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Morgan Stanley increased their target price on International Business Machines from $208.00 to $222.00 and gave the stock an “equal weight” rating in a report on Monday, December 16th. StockNews.com downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. DZ Bank cut shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price objective for the company. in a report on Wednesday, October 2nd. Finally, BMO Capital Markets upped their target price on shares of International Business Machines from $235.00 to $260.00 and gave the stock a “market perform” rating in a report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $214.88.

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.