International Business Machines Co. (NYSE:IBM) Position Lifted by American Trust Investment Advisors LLC

American Trust Investment Advisors LLC grew its position in shares of International Business Machines Co. (NYSE:IBM) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,401 shares of the technology company’s stock after purchasing an additional 305 shares during the period. International Business Machines makes up about 3.1% of American Trust Investment Advisors LLC’s investment portfolio, making the stock its 5th largest position. American Trust Investment Advisors LLC’s holdings in International Business Machines were worth $5,953,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Naples Money Management LLC acquired a new stake in shares of International Business Machines during the fourth quarter worth approximately $28,000. Briaud Financial Planning Inc acquired a new stake in shares of International Business Machines during the third quarter worth approximately $31,000. Stone House Investment Management LLC grew its position in shares of International Business Machines by 971.4% during the third quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock worth $32,000 after buying an additional 204 shares in the last quarter. Financial Gravity Asset Management Inc. boosted its holdings in International Business Machines by 67.9% in the third quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company’s stock worth $32,000 after purchasing an additional 91 shares during the period. Finally, Cordant Inc. boosted its holdings in International Business Machines by 753.3% in the fourth quarter. Cordant Inc. now owns 256 shares of the technology company’s stock worth $42,000 after purchasing an additional 226 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

Shares of NYSE IBM traded down $1.78 during midday trading on Friday, reaching $167.13. 8,983,796 shares of the company traded hands, compared to its average volume of 3,906,041. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.13 and a quick ratio of 0.93. The stock has a 50-day moving average price of $187.60 and a 200 day moving average price of $170.15. International Business Machines Co. has a 52 week low of $120.55 and a 52 week high of $199.18. The company has a market cap of $153.21 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 3.33 and a beta of 0.70.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, April 24th. The technology company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.59 by $0.09. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The firm had revenue of $14.46 billion for the quarter, compared to analysts’ expectations of $14.53 billion. During the same period in the previous year, the business earned $1.36 earnings per share. International Business Machines’s revenue for the quarter was up 1.5% compared to the same quarter last year. Sell-side analysts anticipate that International Business Machines Co. will post 9.99 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were paid a $1.66 dividend. The ex-dividend date was Thursday, February 8th. This represents a $6.64 annualized dividend and a dividend yield of 3.97%. International Business Machines’s payout ratio is 75.20%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on IBM shares. UBS Group lifted their price objective on shares of International Business Machines from $125.00 to $130.00 and gave the stock a “sell” rating in a report on Monday, April 22nd. Stifel Nicolaus reiterated a “buy” rating and issued a $190.00 target price on shares of International Business Machines in a research note on Wednesday, April 17th. Jefferies Financial Group cut their target price on International Business Machines from $215.00 to $210.00 and set a “hold” rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. cut their target price on International Business Machines from $190.00 to $185.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, Bank of America raised their target price on International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $184.08.

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.