First Hawaiian Bank raised its holdings in shares of International Business Machines Co. (NYSE:IBM – Free Report) by 6.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,722 shares of the technology company’s stock after purchasing an additional 985 shares during the period. First Hawaiian Bank’s holdings in International Business Machines were worth $3,456,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Hazlett Burt & Watson Inc. increased its holdings in International Business Machines by 1,054.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock worth $29,000 after buying an additional 116 shares in the last quarter. Hara Capital LLC bought a new stake in shares of International Business Machines in the third quarter worth approximately $29,000. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of International Business Machines during the second quarter valued at approximately $36,000. Modus Advisors LLC bought a new position in International Business Machines during the fourth quarter valued at approximately $40,000. Finally, Capital Performance Advisors LLP purchased a new stake in International Business Machines in the third quarter worth approximately $43,000. Institutional investors own 58.96% of the company’s stock.
International Business Machines Price Performance
Shares of NYSE:IBM traded down $0.81 during mid-day trading on Wednesday, reaching $223.15. The stock had a trading volume of 2,590,256 shares, compared to its average volume of 3,037,873. The company has a market cap of $206.33 billion, a P/E ratio of 32.48, a price-to-earnings-growth ratio of 5.18 and a beta of 0.74. The business’s 50 day moving average price is $221.01 and its 200 day moving average price is $208.49. 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 $159.51 and a 1 year high of $239.35.
International Business Machines Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend was Tuesday, November 12th. International Business Machines’s dividend payout ratio is 97.23%.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the company. The Goldman Sachs Group increased their price target on International Business Machines from $220.00 to $250.00 and gave the company a “buy” rating in a report on Monday, September 30th. Bernstein Bank increased their target price on International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a report on Thursday, October 3rd. Bank of America upped their price target on shares of International Business Machines from $209.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. DZ Bank cut shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price objective on the stock. in a research note on Wednesday, October 2nd. Finally, Sanford C. Bernstein upped their target price on shares of International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a report on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $214.88.
View Our Latest Stock Analysis on IBM
Insider Buying and Selling
In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the completion of the transaction, the senior vice president now owns 25,390 shares in the company, valued at approximately $5,463,928. The trade was a 12.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.07% of the stock is currently owned by company insiders.
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.
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