Latest Stocks: Moody National Bank Trust Division Purchases 400 Shares of International Business Machines Corp. (IBM)

Latest Stocks: Moody National Bank Trust Division Purchases 400 Shares of International Business Machines Corp. (IBM)

Moody National Bank Trust Division boosted its stake in shares of International Business Machines Corp. (NYSE:IBM) by 2.1% during the first quarter, Holdings Channel reports. The fund owned 19,511 shares of the technology company’s stock after buying an additional 400 shares during the period. International Business Machines Corp. accounts for about 0.2% of Moody National Bank Trust Division’s holdings, making the stock its 14th largest position. Moody National Bank Trust Division’s holdings in International Business Machines Corp. were worth $3,398,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in IBM. Independence Advisors LLC boosted its stake in International Business Machines Corp. by 0.3% in the first quarter. Independence Advisors LLC now owns 1,937 shares of the technology company’s stock valued at $337,000 after buying an additional 5 shares during the last quarter. Jackson Grant Investment Advisers Inc. boosted its stake in International Business Machines Corp. by 0.8% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 737 shares of the technology company’s stock valued at $122,000 after buying an additional 6 shares during the last quarter. Beaumont Financial Partners LLC boosted its stake in International Business Machines Corp. by 0.3% in the fourth quarter. Beaumont Financial Partners LLC now owns 3,250 shares of the technology company’s stock valued at $539,000 after buying an additional 11 shares during the last quarter. Financial & Investment Management Group Ltd. boosted its stake in International Business Machines Corp. by 0.6% in the first quarter. Financial & Investment Management Group Ltd. now owns 1,958 shares of the technology company’s stock valued at $341,000 after buying an additional 12 shares during the last quarter. Finally, Hays Advisory LLC boosted its stake in International Business Machines Corp. by 1.1% in the first quarter. Hays Advisory LLC now owns 1,419 shares of the technology company’s stock valued at $247,000 after buying an additional 15 shares during the last quarter. Hedge funds and other institutional investors own 58.65% of the company’s stock.

International Business Machines Corp. (IBM) opened at 152.41 on Tuesday. The firm has a market capitalization of $143.19 billion, a price-to-earnings ratio of 12.53 and a beta of 0.96. International Business Machines Corp. has a one year low of $142.50 and a one year high of $182.79. The firm has a 50-day moving average price of $155.96 and a 200-day moving average price of $167.84.

International Business Machines Corp. (NYSE:IBM) last announced its quarterly earnings results on Tuesday, April 18th. The technology company reported $2.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.35 by $0.03. The company had revenue of $18.16 billion during the quarter, compared to analysts’ expectations of $18.37 billion. International Business Machines Corp. had a return on equity of 78.32% and a net margin of 14.85%. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.35 earnings per share. Analysts expect that International Business Machines Corp. will post $13.70 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 10th. Stockholders of record on Wednesday, May 10th will be given a $1.50 dividend. The ex-dividend date is Monday, May 8th. This is a boost from International Business Machines Corp.’s previous quarterly dividend of $1.40. This represents a $6.00 annualized dividend and a dividend yield of 3.94%. International Business Machines Corp.’s payout ratio is 45.16%. Several research firms have commented on IBM. Sanford C. Bernstein restated a “market perform” rating and issued a $150.00 target price on shares of International Business Machines Corp. in a research note on Wednesday, April 19th. Goldman Sachs Group Inc cut their target price on International Business Machines Corp. from $175.00 to $170.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 19th. Wells Fargo & Co restated a “market perform” rating and issued a $162.50 target price on shares of International Business Machines Corp. in a research note on Tuesday, April 25th. Berenberg Bank began coverage on International Business Machines Corp. in a research note on Tuesday, April 4th. They issued a “sell” rating and a $140.00 target price on the stock. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $180.00 target price (down previously from $185.00) on shares of International Business Machines Corp. in a research note on Wednesday, April 19th. Eight equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $164.54.

In related news, Director James W. Owens purchased 1,718 shares of International Business Machines Corp. stock in a transaction dated Tuesday, May 16th. The stock was bought at an average cost of $153.19 per share, for a total transaction of $263,180.42. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.08% of the stock is currently owned by insiders. About International Business Machines Corp.

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