American Trust Investment Advisors LLC Has $5.95 Million Position in International Business Machines Co. (NYSE:IBM)

American Trust Investment Advisors LLC lifted its position in shares of International Business Machines Co. (NYSE:IBM) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,401 shares of the technology company’s stock after acquiring an additional 305 shares during the period. International Business Machines makes up approximately 3.1% of American Trust Investment Advisors LLC’s portfolio, making the stock its 5th largest position. American Trust Investment Advisors LLC’s holdings in International Business Machines were worth $5,953,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vontobel Holding Ltd. raised its position in shares of International Business Machines by 20.3% during the 4th quarter. Vontobel Holding Ltd. now owns 477,193 shares of the technology company’s stock valued at $78,045,000 after purchasing an additional 80,474 shares during the period. Natixis Advisors L.P. increased its holdings in International Business Machines by 18.1% in the 3rd quarter. Natixis Advisors L.P. now owns 372,307 shares of the technology company’s stock valued at $52,235,000 after acquiring an additional 57,170 shares during the last quarter. Herold Advisors Inc. increased its holdings in International Business Machines by 3.2% in the 3rd quarter. Herold Advisors Inc. now owns 21,880 shares of the technology company’s stock valued at $3,070,000 after acquiring an additional 688 shares during the last quarter. Tsfg LLC increased its holdings in International Business Machines by 40.5% in the 4th quarter. Tsfg LLC now owns 378 shares of the technology company’s stock valued at $62,000 after acquiring an additional 109 shares during the last quarter. Finally, Mizuho Securities Co. Ltd. purchased a new position in shares of International Business Machines during the 3rd quarter worth about $661,000. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

Shares of NYSE IBM traded down $1.78 during midday trading on Friday, reaching $167.13. The company had a trading volume of 8,983,796 shares, compared to its average volume of 3,906,041. The business’s 50-day simple moving average is $187.60 and its 200 day simple moving average is $170.15. The stock has a market cap of $153.21 billion, a P/E ratio of 18.94, a P/E/G ratio of 3.33 and a beta of 0.70. International Business Machines Co. has a 1 year low of $120.55 and a 1 year high of $199.18. The company has a current ratio of 1.13, a quick ratio of 0.93 and a debt-to-equity ratio of 2.32.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, April 24th. The technology company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.09. The business had revenue of $14.46 billion during the quarter, compared to analysts’ expectations of $14.53 billion. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the company posted $1.36 earnings per share. On average, analysts forecast that International Business Machines Co. will post 9.99 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were issued a $1.66 dividend. The ex-dividend date was Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.97%. International Business Machines’s dividend payout ratio is currently 75.20%.

Analysts Set New Price Targets

IBM has been the topic of a number of research analyst reports. StockNews.com downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Tuesday. Evercore upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $165.00 to $200.00 in a research note on Friday, January 19th. JPMorgan Chase & Co. dropped their target price on shares of International Business Machines from $190.00 to $185.00 and set a “neutral” rating on the stock in a research note on Thursday. Stifel Nicolaus reiterated a “buy” rating and set a $190.00 price objective on shares of International Business Machines in a research note on Wednesday, April 17th. Finally, BMO Capital Markets dropped their price objective on shares of International Business Machines from $210.00 to $190.00 and set a “market perform” rating on the stock in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, International Business Machines presently has an average rating of “Hold” and a consensus price target of $184.08.

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.