First National Corp MA ADV Decreases Stock Holdings in International Business Machines Co. (NYSE:IBM)

First National Corp MA ADV lowered its stake in International Business Machines Co. (NYSE:IBM) by 3.3% during the 4th quarter, according to its most recent disclosure with the Securities and 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 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Ellenbecker Investment Group grew its holdings in shares of International Business Machines by 2.3% in the third quarter. Ellenbecker Investment Group now owns 2,049 shares of the technology company’s stock worth $453,000 after acquiring an additional 46 shares during the period. First Affirmative Financial Network grew its stake in shares of International Business Machines by 1.5% during the 4th quarter. First Affirmative Financial Network now owns 3,123 shares of the technology company’s stock valued at $687,000 after purchasing an additional 46 shares during the period. Goldstein Advisors LLC increased its position in shares of International Business Machines by 4.0% during the 3rd quarter. Goldstein Advisors LLC now owns 1,217 shares of the technology company’s stock valued at $269,000 after purchasing an additional 47 shares during the last quarter. Vertex Planning Partners LLC lifted its stake in shares of International Business Machines by 3.6% in the 3rd quarter. Vertex Planning Partners LLC now owns 1,346 shares of the technology company’s stock worth $298,000 after purchasing an additional 47 shares during the period. Finally, Forza Wealth Management LLC boosted its holdings in shares of International Business Machines by 0.4% in the fourth quarter. Forza Wealth Management LLC now owns 13,153 shares of the technology company’s stock worth $2,891,000 after buying an additional 47 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Down 0.4 %

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

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, topping analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. On average, equities analysts forecast that International Business Machines Co. will post 10.75 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be paid a $1.67 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.65%. International Business Machines’s dividend payout ratio is currently 104.21%.

Analyst Ratings Changes

A number of analysts have commented on IBM shares. Jefferies Financial Group upped their target price on shares of International Business Machines from $245.00 to $270.00 and gave the company a “hold” rating in a report on Thursday, January 30th. Bank of America lifted their target price on International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Sanford C. Bernstein increased their price objective on shares of International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a report on Friday, January 3rd. JPMorgan Chase & Co. raised their price target on International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Finally, Morgan Stanley upped their price objective on International Business Machines from $217.00 to $228.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, International Business Machines has a consensus rating of “Hold” and an average price target of $225.53.

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.