Sabal Trust CO Sells 432 Shares of International Business Machines Co. (NYSE:IBM)

Sabal Trust CO decreased its position in shares of International Business Machines Co. (NYSE:IBM) by 0.6% in the 4th quarter, Holdings Channel reports. The fund owned 66,932 shares of the technology company’s stock after selling 432 shares during the quarter. Sabal Trust CO’s holdings in International Business Machines were worth $14,714,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in IBM. Meeder Asset Management Inc. raised its position in shares of International Business Machines by 40.9% in the third quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company’s stock valued at $126,000 after purchasing an additional 166 shares during the period. Blue Zone Wealth Advisors LLC bought a new stake in International Business Machines during the 4th quarter valued at $242,000. Brady Martz Wealth Solutions LLC bought a new position in shares of International Business Machines in the fourth quarter worth $1,940,000. Tranquilli Financial Advisor LLC purchased a new stake in International Business Machines during the 4th quarter worth about $373,000. Finally, Philip James Wealth Mangement LLC bought a new stake in shares of International Business Machines during the third quarter valued at about $5,117,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on IBM. Morgan Stanley boosted their price objective on shares of International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. UBS Group upped their price target on shares of International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. lifted their price objective on International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Jefferies Financial Group upped their target price on International Business Machines from $245.00 to $270.00 and gave the stock a “hold” rating in a research note on Thursday, January 30th. Finally, StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, International Business Machines currently has a consensus rating of “Hold” and an average target price of $231.44.

International Business Machines Price Performance

Shares of IBM opened at $257.12 on Wednesday. The firm has a fifty day simple moving average of $236.49 and a two-hundred day simple moving average of $223.25. The firm has a market cap of $237.74 billion, a PE ratio of 40.11, a P/E/G ratio of 5.81 and a beta of 0.76. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $265.72.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, beating analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. On average, equities analysts anticipate that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be issued a $1.67 dividend. The ex-dividend date is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.60%. International Business Machines’s dividend payout ratio is currently 104.21%.

International Business Machines Company 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.