Missouri Trust & Investment Co Trims Stock Position in International Business Machines Co. (NYSE:IBM)

Missouri Trust & Investment Co lowered its position in shares of International Business Machines Co. (NYSE:IBM) by 1.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,212 shares of the technology company’s stock after selling 83 shares during the period. Missouri Trust & Investment Co’s holdings in International Business Machines were worth $931,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Sei Investments Co. grew its stake in shares of International Business Machines by 10.6% in the first quarter. Sei Investments Co. now owns 211,017 shares of the technology company’s stock valued at $40,294,000 after buying an additional 20,142 shares in the last quarter. Edmond DE Rothschild Holding S.A. boosted its stake in shares of International Business Machines by 0.3% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 43,237 shares of the technology company’s stock valued at $8,257,000 after purchasing an additional 123 shares during the period. TD Asset Management Inc boosted its position in International Business Machines by 0.5% in the 1st quarter. TD Asset Management Inc now owns 595,818 shares of the technology company’s stock valued at $113,777,000 after buying an additional 2,989 shares during the period. Portland Global Advisors LLC increased its holdings in International Business Machines by 0.8% in the first quarter. Portland Global Advisors LLC now owns 39,670 shares of the technology company’s stock valued at $7,575,000 after buying an additional 300 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its position in shares of International Business Machines by 4.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 994,057 shares of the technology company’s stock worth $189,825,000 after buying an additional 43,572 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on IBM. StockNews.com lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Friday, October 25th. Bank of America raised their price target on International Business Machines from $209.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. BMO Capital Markets increased 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 research note on Thursday, October 24th. Jefferies Financial Group lifted their target price on International Business Machines from $200.00 to $245.00 and gave the company a “hold” rating in a research note on Monday, October 21st. Finally, UBS Group increased their price target on International Business Machines from $130.00 to $145.00 and gave the stock a “sell” rating in a report on Wednesday, September 4th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $208.12.

Insider Activity at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company’s 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 directly owns 25,390 shares in the company, valued at $5,463,928. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.07% of the stock is owned by corporate insiders.

International Business Machines Price Performance

NYSE IBM traded down $3.09 during mid-day trading on Tuesday, hitting $210.48. The stock had a trading volume of 345,604 shares, compared to its average volume of 4,221,820. The company has a 50 day simple moving average of $218.25 and a 200 day simple moving average of $192.68. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16. The company has a market cap of $194.62 billion, a price-to-earnings ratio of 31.09, a P/E/G ratio of 4.80 and a beta of 0.71. International Business Machines Co. has a 52-week low of $147.35 and a 52-week high of $237.37.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.03. The business had revenue of $14.97 billion during the quarter, compared to the consensus estimate of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The business’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.20 EPS. Equities analysts forecast that International Business Machines Co. will post 10.11 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be paid a dividend of $1.67 per share. The ex-dividend date is Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.17%. International Business Machines’s dividend payout ratio (DPR) is 97.23%.

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.