First National Corp MA ADV Sells 110 Shares of International Business Machines Co. (NYSE:IBM)

First National Corp MA ADV cut its holdings in shares of International Business Machines Co. (NYSE:IBM) by 3.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,187 shares of the technology company’s stock after selling 110 shares during the quarter. First National Corp MA ADV’s holdings in International Business Machines were worth $701,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of IBM. LongView Wealth Management bought a new stake in International Business Machines during the 3rd quarter worth approximately $250,000. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of International Business Machines by 355.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 7,153 shares of the technology company’s stock worth $1,581,000 after purchasing an additional 5,581 shares in the last quarter. Valeo Financial Advisors LLC grew its position in International Business Machines by 4.1% during the third quarter. Valeo Financial Advisors LLC now owns 14,000 shares of the technology company’s stock valued at $3,095,000 after acquiring an additional 552 shares during the last quarter. Ritholtz Wealth Management raised its position in International Business Machines by 8.9% in the 3rd quarter. Ritholtz Wealth Management now owns 10,596 shares of the technology company’s stock worth $2,342,000 after purchasing an additional 862 shares during the period. Finally, Matrix Asset Advisors Inc. NY purchased a new stake in International Business Machines during the 3rd quarter valued at about $248,000. 58.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on IBM shares. UBS Group raised 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. BMO Capital Markets raised their price target on International Business Machines from $260.00 to $280.00 and gave the stock a “market perform” rating in a research note on Thursday, January 30th. Bank of America upped their price objective on shares of International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Morgan Stanley lifted their target price 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. Finally, Sanford C. Bernstein lifted their price objective on International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a research report on Friday, January 3rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, International Business Machines currently has a consensus rating of “Hold” and a consensus target price of $225.53.

International Business Machines Stock Performance

Shares of International Business Machines stock opened at $252.31 on Monday. The stock has a market cap of $233.30 billion, a price-to-earnings ratio of 39.36, a PEG ratio of 5.57 and a beta of 0.76. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $265.72. The firm’s 50-day moving average is $229.76 and its 200 day moving average is $217.15.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. Sell-side analysts anticipate that International Business Machines Co. will post 10.75 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines’s payout ratio is 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.