International Business Machines Co. (NYSE:IBM) Shares Purchased by Northwest Bank & Trust Co

Northwest Bank & Trust Co lifted its holdings in International Business Machines Co. (NYSE:IBM) by 1.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,698 shares of the technology company’s stock after purchasing an additional 60 shares during the quarter. International Business Machines comprises about 0.8% of Northwest Bank & Trust Co’s portfolio, making the stock its 29th biggest position. Northwest Bank & Trust Co’s holdings in International Business Machines were worth $1,039,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new position in International Business Machines in the 1st quarter worth $26,000. ESL Trust Services LLC acquired a new position in shares of International Business Machines in the 1st quarter valued at about $28,000. Creekmur Asset Management LLC acquired a new position in International Business Machines in the 4th quarter worth about $29,000. Ables Iannone Moore & Associates Inc. acquired a new position in International Business Machines in the 4th quarter worth about $31,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in International Business Machines in the 2nd quarter worth about $36,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

IBM has been the subject of several research reports. DZ Bank lowered International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price objective for the company. in a research note on Wednesday, October 2nd. Hsbc Global Res upgraded International Business Machines to a “moderate sell” rating in a research report on Friday, July 26th. UBS Group increased their price objective on International Business Machines from $130.00 to $145.00 and gave the stock a “sell” rating in a research report on Wednesday, September 4th. Jefferies Financial Group increased their price objective on International Business Machines from $190.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Finally, Evercore ISI increased their price objective on International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $196.12.

International Business Machines Stock Performance

Shares of IBM stock traded down $1.36 during mid-day trading on Thursday, hitting $232.94. 1,123,301 shares of the stock were exchanged, compared to its average volume of 4,201,839. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.12. International Business Machines Co. has a 12-month low of $135.87 and a 12-month high of $235.83. The stock’s fifty day simple moving average is $205.92 and its two-hundred day simple moving average is $187.02. The stock has a market capitalization of $213.98 billion, a price-to-earnings ratio of 26.39, a P/E/G ratio of 4.90 and a beta of 0.70.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.27. The firm had revenue of $15.77 billion during the quarter, compared to the consensus estimate of $15.62 billion. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.18 earnings per share. On average, analysts forecast that International Business Machines Co. will post 10.1 EPS for the current year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were paid a $1.67 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $6.68 annualized dividend and a yield of 2.87%. International Business Machines’s payout ratio is currently 75.65%.

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.