International Business Machines Co. (NYSE:IBM) Stock Position Boosted by Farmers National Bank

Farmers National Bank grew its stake in shares of International Business Machines Co. (NYSE:IBM) by 11.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,715 shares of the technology company’s stock after buying an additional 2,247 shares during the quarter. International Business Machines comprises 1.2% of Farmers National Bank’s holdings, making the stock its 28th biggest position. Farmers National Bank’s holdings in International Business Machines were worth $3,929,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. FPC Investment Advisory Inc. bought a new stake in International Business Machines during the first quarter worth approximately $26,000. ESL Trust Services LLC bought a new stake in shares of International Business Machines in the 1st quarter worth $28,000. Creekmur Asset Management LLC acquired a new stake in shares of International Business Machines in the fourth quarter valued at $29,000. Ables Iannone Moore & Associates Inc. bought a new position in International Business Machines during the fourth quarter valued at about $31,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in International Business Machines during the second quarter worth about $36,000. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Price Performance

Shares of IBM opened at $219.36 on Wednesday. The business’s 50-day moving average is $201.62 and its 200-day moving average is $185.54. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 1.08. The company has a market capitalization of $201.50 billion, a price-to-earnings ratio of 24.84, a P/E/G ratio of 4.90 and a beta of 0.70. International Business Machines Co. has a fifty-two week low of $135.87 and a fifty-two week high of $224.15.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.27. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The firm had revenue of $15.77 billion for the quarter, compared to analyst estimates of $15.62 billion. During the same quarter in the prior year, the business earned $2.18 EPS. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. Equities research analysts expect that International Business Machines Co. will post 10.1 EPS for the current fiscal 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 was Friday, August 9th. This represents a $6.68 dividend on an annualized basis and a yield of 3.05%. International Business Machines’s dividend payout ratio (DPR) is currently 75.65%.

Analyst Upgrades and Downgrades

IBM has been the subject of a number of research analyst reports. BMO Capital Markets upped their price target on shares of International Business Machines from $190.00 to $210.00 and gave the company a “market perform” rating in a report on Thursday, July 25th. Jefferies Financial Group increased their target price on shares of International Business Machines from $190.00 to $200.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. UBS Group lifted their price target on shares of International Business Machines from $130.00 to $145.00 and gave the stock a “sell” rating in a research report on Wednesday, September 4th. Royal Bank of Canada increased their price objective on International Business Machines from $200.00 to $211.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Finally, Stifel Nicolaus lifted their target price on International Business Machines from $190.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, International Business Machines currently has a consensus rating of “Hold” and a consensus price target of $191.93.

About International Business Machines

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.