International Business Machines Corp. (IBM) Shares Sold by TNB Financial

TNB Financial reduced its stake in International Business Machines Corp. (NYSE:IBM) by 56.0% during the fourth quarter, HoldingsChannel reports. The firm owned 2,841 shares of the technology company’s stock after selling 3,615 shares during the quarter. TNB Financial’s holdings in International Business Machines were worth $436,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of IBM. Vanguard Group Inc. raised its holdings in International Business Machines by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 62,228,040 shares of the technology company’s stock valued at $9,572,538,000 after buying an additional 2,241,818 shares during the last quarter. Nordea Investment Management AB raised its holdings in International Business Machines by 151.2% in the 2nd quarter. Nordea Investment Management AB now owns 3,250,047 shares of the technology company’s stock valued at $499,955,000 after buying an additional 1,956,033 shares during the last quarter. Janus Henderson Group PLC raised its holdings in International Business Machines by 1,155.3% in the 2nd quarter. Janus Henderson Group PLC now owns 1,358,103 shares of the technology company’s stock valued at $208,923,000 after buying an additional 1,249,916 shares during the last quarter. BlackRock Inc. raised its holdings in International Business Machines by 2.4% in the 2nd quarter. BlackRock Inc. now owns 52,936,360 shares of the technology company’s stock valued at $8,143,204,000 after buying an additional 1,241,441 shares during the last quarter. Finally, Stifel Financial Corp raised its holdings in International Business Machines by 9,678.2% in the 3rd quarter. Stifel Financial Corp now owns 815,897 shares of the technology company’s stock valued at $118,347,000 after buying an additional 807,553 shares during the last quarter. Institutional investors own 57.02% of the company’s stock.

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In other news, insider Erich Clementi sold 13,000 shares of International Business Machines stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $154.66, for a total value of $2,010,580.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Frederick H. Waddell purchased 610 shares of International Business Machines stock in a transaction that occurred on Wednesday, January 31st. The stock was acquired at an average cost of $163.38 per share, with a total value of $99,661.80. The disclosure for this purchase can be found here. Insiders own 0.17% of the company’s stock.

Shares of International Business Machines Corp. (IBM) opened at $148.89 on Monday. The firm has a market cap of $137,152.69, a price-to-earnings ratio of 24.37, a PEG ratio of 2.18 and a beta of 0.94. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.33 and a quick ratio of 1.29. International Business Machines Corp. has a one year low of $139.13 and a one year high of $176.33.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Thursday, January 18th. The technology company reported $5.18 earnings per share for the quarter, beating the consensus estimate of $5.17 by $0.01. The company had revenue of $22.54 billion during the quarter, compared to analyst estimates of $22.03 billion. International Business Machines had a net margin of 7.27% and a return on equity of 69.48%. International Business Machines’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.01 EPS. analysts expect that International Business Machines Corp. will post 13.82 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 10th. Stockholders of record on Friday, February 9th were paid a $1.50 dividend. The ex-dividend date was Thursday, February 8th. This represents a $6.00 annualized dividend and a dividend yield of 4.03%. International Business Machines’s dividend payout ratio is currently 98.20%.

A number of brokerages recently issued reports on IBM. Cantor Fitzgerald reiterated a “hold” rating and issued a $152.00 price objective on shares of International Business Machines in a report on Friday, January 19th. Zacks Investment Research lowered shares of International Business Machines from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. JPMorgan Chase & Co. set a $167.00 price objective on shares of International Business Machines and gave the company a “neutral” rating in a report on Friday, January 19th. Vetr upgraded shares of International Business Machines from a “buy” rating to a “strong-buy” rating and set a $170.25 price objective for the company in a report on Monday, November 27th. Finally, Goldman Sachs set a $170.00 price target on shares of International Business Machines and gave the stock a “neutral” rating in a report on Friday, January 19th. Six equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $166.01.

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International Business Machines Profile

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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