Trust Investment Advisors Has $1.93 Million Stock Holdings in International Business Machines Co. (NYSE:IBM)

Trust Investment Advisors boosted its holdings in shares of International Business Machines Co. (NYSE:IBM) by 4.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,147 shares of the technology company’s stock after buying an additional 442 shares during the period. International Business Machines makes up about 1.2% of Trust Investment Advisors’ holdings, making the stock its 19th biggest position. Trust Investment Advisors’ holdings in International Business Machines were worth $1,928,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of IBM. Gilbert & Cook Inc. boosted its holdings in shares of International Business Machines by 2.7% during the fourth quarter. Gilbert & Cook Inc. now owns 3,892 shares of the technology company’s stock worth $637,000 after purchasing an additional 101 shares during the period. Aveo Capital Partners LLC boosted its stake in shares of International Business Machines by 3.6% during the 4th quarter. Aveo Capital Partners LLC now owns 3,101 shares of the technology company’s stock valued at $507,000 after buying an additional 109 shares during the period. Gryphon Financial Partners LLC grew its holdings in shares of International Business Machines by 6.5% during the 4th quarter. Gryphon Financial Partners LLC now owns 2,394 shares of the technology company’s stock valued at $386,000 after acquiring an additional 147 shares in the last quarter. TrinityPoint Wealth LLC increased its stake in shares of International Business Machines by 12.3% in the fourth quarter. TrinityPoint Wealth LLC now owns 3,909 shares of the technology company’s stock worth $639,000 after acquiring an additional 428 shares during the last quarter. Finally, Clearbridge Investments LLC raised its holdings in shares of International Business Machines by 32.7% during the fourth quarter. Clearbridge Investments LLC now owns 45,653 shares of the technology company’s stock worth $7,467,000 after acquiring an additional 11,247 shares in the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Stock Performance

NYSE:IBM opened at $213.89 on Friday. The firm has a market capitalization of $196.48 billion, a PE ratio of 24.22, a PEG ratio of 4.67 and a beta of 0.70. International Business Machines Co. has a 1 year low of $135.87 and a 1 year high of $218.84. The company has a current ratio of 1.12, a quick ratio of 1.08 and a debt-to-equity ratio of 2.20. The firm’s fifty day simple moving average is $195.83 and its 200 day simple moving average is $184.21.

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

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were given a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 3.12%. The ex-dividend date was Friday, August 9th. International Business Machines’s dividend payout ratio is currently 75.65%.

Analysts Set New Price Targets

A number of brokerages have commented on IBM. Jefferies Financial Group boosted their target price on International Business Machines from $190.00 to $200.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. StockNews.com raised International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th. BMO Capital Markets increased their price objective on International Business Machines from $190.00 to $210.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. UBS Group lifted their target price on shares of International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a research note on Wednesday, September 4th. Finally, Stifel Nicolaus increased their price target on shares of International Business Machines from $190.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, International Business Machines has a consensus rating of “Hold” and an average target price of $188.60.

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.