13,733 Shares of International Business Machines Corporation $IBM Bought by First Nebraska Trust Co

First Nebraska Trust Co purchased a new stake in shares of International Business Machines Corporation (NYSE:IBM) in the third quarter, according to the company in its most recent filing with the SEC. The fund purchased 13,733 shares of the technology company’s stock, valued at approximately $3,020,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IBM. Challenger Wealth Management lifted its stake in International Business Machines by 5.5% during the 3rd quarter. Challenger Wealth Management now owns 1,901 shares of the technology company’s stock valued at $418,000 after acquiring an additional 99 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management boosted its holdings in International Business Machines by 18.1% during the 3rd quarter. Gerber Kawasaki Wealth & Investment Management now owns 4,090 shares of the technology company’s stock worth $900,000 after acquiring an additional 628 shares during the last quarter. Signature Equity Partners LLC grew its stake in shares of International Business Machines by 11.2% in the 3rd quarter. Signature Equity Partners LLC now owns 467 shares of the technology company’s stock worth $103,000 after acquiring an additional 47 shares in the last quarter. XML Financial LLC grew its stake in shares of International Business Machines by 1.8% in the 3rd quarter. XML Financial LLC now owns 29,744 shares of the technology company’s stock worth $6,542,000 after acquiring an additional 519 shares in the last quarter. Finally, Summit Wealth Group LLC Co. grew its stake in shares of International Business Machines by 18.2% in the 3rd quarter. Summit Wealth Group LLC Co. now owns 2,311 shares of the technology company’s stock worth $508,000 after acquiring an additional 356 shares in the last quarter. 58.96% of the stock is owned by institutional investors.

International Business Machines Stock Down 1.1%

IBM opened at $249.83 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 1.57. The stock has a market cap of $236.12 billion, a price-to-earnings ratio of 21.30, a PEG ratio of 2.49 and a beta of 0.78. International Business Machines Corporation has a twelve month low of $199.19 and a twelve month high of $332.46. The company’s 50-day moving average price is $235.88 and its two-hundred day moving average price is $249.39.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, October 21st. The technology company reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.85 by $0.10. International Business Machines had a net margin of 15.99% and a return on equity of 34.37%. The company had revenue of $17.10 billion during the quarter, compared to analyst estimates of $16.82 billion. During the same quarter last year, the business posted $2.65 EPS. International Business Machines’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, equities analysts expect that International Business Machines Corporation will post 12.41 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Tuesday, November 10th will be issued a dividend of $1.69 per share. This represents a $6.76 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, November 10th. International Business Machines’s dividend payout ratio is 57.63%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Sanford C. Bernstein dropped their price target on shares of International Business Machines from $280.00 to $230.00 and set a “market perform” rating on the stock in a research report on Thursday, July 23rd. Robert W. Baird lifted their price target on International Business Machines from $230.00 to $260.00 and gave the stock a “neutral” rating in a report on Thursday, October 22nd. Jefferies Financial Group boosted their price objective on International Business Machines from $270.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, October 22nd. BMO Capital Markets upped their price objective on International Business Machines from $230.00 to $265.00 and gave the company a “market perform” rating in a research note on Thursday, October 22nd. Finally, Wall Street Zen upgraded International Business Machines from a “sell” rating to a “hold” rating in a research note on Saturday, October 24th. Nineteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $266.12.

Insiders Place Their Bets

In other International Business Machines news, SVP Robert Thomas sold 25,000 shares of the firm’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $230.32, for a total value of $5,758,000.00. Following the completion of the sale, the senior vice president directly owned 47,800 shares of the company’s stock, valued at $11,009,296. This trade represents a 34.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.27% of the company’s stock.

About International Business Machines

International Business Machines Corporation (NYSE:IBM), commonly known as IBM, is a global technology and consulting company that helps organizations modernize their information technology and business operations. Its offerings include hybrid cloud solutions, artificial intelligence software and services, enterprise software, IT infrastructure, cybersecurity, data analytics, and technology consulting.

IBM provides products and services to businesses, governments, and other institutions across industries and regions worldwide.