Park National Corp OH Sells 137 Shares of International Business Machines Co. (NYSE:IBM)

Park National Corp OH cut its stake in shares of International Business Machines Co. (NYSE:IBM) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,278 shares of the technology company’s stock after selling 137 shares during the quarter. Park National Corp OH’s holdings in International Business Machines were worth $3,139,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Lantz Financial LLC raised its stake in shares of International Business Machines by 0.9% in the second quarter. Lantz Financial LLC now owns 11,935 shares of the technology company’s stock valued at $2,064,000 after acquiring an additional 107 shares during the last quarter. LGT Fund Management Co Ltd. acquired a new position in International Business Machines in the second quarter worth $259,000. Royal London Asset Management Ltd. grew its holdings in shares of International Business Machines by 3.3% during the second quarter. Royal London Asset Management Ltd. now owns 386,427 shares of the technology company’s stock worth $66,833,000 after purchasing an additional 12,428 shares during the last quarter. Sachetta LLC grew its holdings in shares of International Business Machines by 2.6% during the second quarter. Sachetta LLC now owns 2,962 shares of the technology company’s stock worth $566,000 after purchasing an additional 76 shares during the last quarter. Finally, Levin Capital Strategies L.P. increased its stake in shares of International Business Machines by 10.7% in the second quarter. Levin Capital Strategies L.P. now owns 116,071 shares of the technology company’s stock valued at $20,074,000 after buying an additional 11,190 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on IBM shares. StockNews.com lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Stifel Nicolaus increased their price target on shares of International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Evercore ISI boosted their price objective on shares of International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. BMO Capital Markets increased their price objective on International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group boosted their target price on International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, International Business Machines has an average rating of “Hold” and an average target price of $214.88.

Insider Buying and Selling

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $215.20, for a total value of $774,720.00. Following the completion of the transaction, the senior vice president now directly owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. This represents a 12.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.07% of the stock is owned by company insiders.

International Business Machines Stock Up 0.7 %

Shares of NYSE IBM opened at $224.13 on Wednesday. The firm has a 50 day moving average price of $221.01 and a 200 day moving average price of $208.49. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06. The stock has a market cap of $207.24 billion, a P/E ratio of 32.62, a P/E/G ratio of 5.18 and a beta of 0.74. International Business Machines Co. has a 52-week low of $157.88 and a 52-week high of $239.35.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.03. The business had revenue of $14.97 billion during the quarter, compared to analysts’ expectations of $15.08 billion. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.20 EPS. Analysts expect that International Business Machines Co. will post 10.12 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were given a $1.67 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $6.68 annualized dividend and a dividend yield of 2.98%. International Business Machines’s dividend payout ratio is presently 97.23%.

International Business Machines 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.