Community Bank & Trust Waco Texas Has $4.74 Million Position in International Business Machines Corp. (IBM)

Community Bank & Trust Waco Texas cut its holdings in International Business Machines Corp. (NYSE:IBM) by 3.3% during the 4th quarter, Holdings Channel reports. The firm owned 30,915 shares of the technology company’s stock after selling 1,060 shares during the period. International Business Machines makes up approximately 2.1% of Community Bank & Trust Waco Texas’ investment portfolio, making the stock its 7th biggest position. Community Bank & Trust Waco Texas’ holdings in International Business Machines were worth $4,743,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of IBM. Vanguard Group Inc. grew its stake in shares of International Business Machines by 3.7% in the second quarter. Vanguard Group Inc. now owns 62,228,040 shares of the technology company’s stock worth $9,572,538,000 after purchasing an additional 2,241,818 shares during the last quarter. Nordea Investment Management AB boosted its position in International Business Machines by 151.2% during 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 acquiring an additional 1,956,033 shares in the last quarter. Janus Henderson Group PLC boosted its position in International Business Machines by 1,155.3% during 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 acquiring an additional 1,249,916 shares in the last quarter. BlackRock Inc. boosted its position in International Business Machines by 2.4% during the 2nd quarter. BlackRock Inc. now owns 52,936,360 shares of the technology company’s stock valued at $8,143,204,000 after acquiring an additional 1,241,441 shares in the last quarter. Finally, Stifel Financial Corp boosted its position in International Business Machines by 9,678.2% during the 3rd quarter. Stifel Financial Corp now owns 815,897 shares of the technology company’s stock valued at $118,347,000 after acquiring an additional 807,553 shares in the last quarter. 58.78% of the stock is currently owned by institutional investors.

In other news, Director Frederick H. Waddell acquired 610 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The stock was bought at an average cost of $163.38 per share, for a total transaction of $99,661.80. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.23% of the stock is owned by insiders.

Several research firms have weighed in on IBM. BMO Capital Markets reaffirmed a “hold” rating and set a $175.00 price objective on shares of International Business Machines in a research report on Thursday, January 11th. They noted that the move was a valuation call. Zacks Investment Research raised International Business Machines from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Pivotal Research began coverage on International Business Machines in a research report on Friday, October 27th. They set a “buy” rating and a $180.00 price objective on the stock. Royal Bank of Canada reaffirmed a “buy” rating and set a $180.00 price objective on shares of International Business Machines in a research report on Friday, January 19th. Finally, JPMorgan Chase & Co. set a $167.00 price objective on International Business Machines and gave the company a “neutral” rating in a research report on Friday, January 19th. Seven analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $164.37.

International Business Machines Corp. (IBM) opened at $155.52 on Friday. International Business Machines Corp. has a 1-year low of $139.13 and a 1-year high of $182.55. The firm has a market cap of $143,980.00, a P/E ratio of 12.92, a P/E/G ratio of 2.25 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 (NYSE:IBM) last announced its quarterly earnings data on Thursday, January 18th. The technology company reported $5.18 earnings per share for the quarter, topping analysts’ consensus estimates of $5.17 by $0.01. International Business Machines had a net margin of 7.27% and a return on equity of 69.48%. The company had revenue of $22.54 billion during the quarter, compared to analyst estimates of $22.03 billion. During the same period in the previous year, the business earned $5.01 EPS. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. analysts anticipate that International Business Machines Corp. will post 13.83 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Friday, February 9th will be issued a $1.50 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $6.00 dividend on an annualized basis and a yield of 3.86%. International Business Machines’s payout ratio is currently 49.83%.

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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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