Citizens National Bank Trust Department Buys 2,659 Shares of International Business Machines Corporation $IBM

Citizens National Bank Trust Department boosted its position in shares of International Business Machines Corporation (NYSE:IBM) by 39.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 9,444 shares of the technology company’s stock after acquiring an additional 2,659 shares during the quarter. Citizens National Bank Trust Department’s holdings in International Business Machines were worth $2,289,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of IBM. Family CFO Inc purchased a new stake in International Business Machines in the fourth quarter worth $25,000. Basepoint Wealth LLC purchased a new stake in shares of International Business Machines in the 4th quarter worth about $25,000. Portus Wealth Advisors LLC purchased a new stake in shares of International Business Machines in the 1st quarter worth about $26,000. Joseph Group Capital Management bought a new position in shares of International Business Machines in the 4th quarter worth about $28,000. Finally, Cornerstone Financial Management LLC purchased a new position in International Business Machines during the 4th quarter valued at about $28,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Key Stories Impacting International Business Machines

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: IBM continues to get credit for growth in quantum computing and AI, including new enterprise software tools and multi-agent capabilities that could support future revenue. IBM Advances Enterprise AI Software Development with Multi-Agent Capabilities and Specialized Modernization Workflows
• Positive Sentiment: The stock still has implied upside to Susquehanna’s target, suggesting analysts see value if IBM can convert its AI and quantum strengths into stronger earnings growth. Susquehanna coverage note
• Neutral Sentiment: IBM’s latest product updates for its Bob platform and other AI tools reinforce its enterprise strategy, but these launches are not yet enough to change the near-term investment view. IBM Upgrades Bob With Multi-Agent AI
• Negative Sentiment: Starbucks’ move to build internal AI tools to replace Microsoft and IBM software highlights a potential risk to IBM’s enterprise software revenue if other large customers follow suit. There Are So Many Reasons to Like IBM Right Now—Just Not Enough to Buy the Stock
• Negative Sentiment: Analysts remain cautious heading into IBM’s upcoming Q2 earnings, with concerns that AI could pressure parts of the consulting and mainframe business even as newer growth areas expand. Susquehanna Praises IBM’s Quantum and AI Growth but Rates the Stock a Hold – Here’s Why

International Business Machines Stock Up 0.1%

NYSE:IBM opened at $287.85 on Monday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.76 and a current ratio of 0.80. The firm has a market cap of $270.55 billion, a P/E ratio of 25.45, a P/E/G ratio of 2.78 and a beta of 0.68. International Business Machines Corporation has a fifty-two week low of $212.34 and a fifty-two week high of $332.46. The firm has a 50-day simple moving average of $263.77 and a two-hundred day simple moving average of $265.91.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.10. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. The firm had revenue of $15.92 billion for the quarter, compared to the consensus estimate of $15.60 billion. During the same quarter in the prior year, the firm posted $1.60 earnings per share. The business’s revenue was up 9.5% on a year-over-year basis. Analysts predict that International Business Machines Corporation will post 12.45 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were given a $1.69 dividend. This is a boost from International Business Machines’s previous quarterly dividend of $1.68. The ex-dividend date of this dividend was Friday, May 8th. This represents a $6.76 annualized dividend and a yield of 2.3%. International Business Machines’s payout ratio is currently 59.77%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on IBM shares. Weiss Ratings lowered shares of International Business Machines from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, June 24th. KeyCorp lowered shares of International Business Machines to a “sector weight” rating in a report on Tuesday, June 23rd. Wedbush set a $350.00 price target on International Business Machines in a research note on Tuesday, June 2nd. Wall Street Zen raised International Business Machines from a “sell” rating to a “hold” rating in a research report on Sunday, June 21st. Finally, Wolfe Research cut International Business Machines to a “peer perform” rating in a research note on Tuesday, June 23rd. Sixteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $306.28.

About International Business Machines

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.