Farmers & Merchants Investments Inc. reduced its holdings in International Business Machines Co. (IBM) by 8.4% in the first quarter, according to their recent 13F filing. The firm sold 2,794 shares, leaving them with 30,291 shares valued at $5,784,000. Additionally, several other major investors acquired and sold IBM stock recently. Norges Bank made a significant investment in IBM worth over $1 billion. International Assets Investment Management LLC and Morgan Stanley also increased their holdings in IBM significantly.
IBM’s stock performance has been stable, with shares opening at $177.31 and holding a market capitalization of $162.88 billion. The company reported positive quarterly results, beating earnings estimates and showcasing growth in revenue. Analysts expect IBM to post strong earnings per share for the current year.
In terms of dividends, IBM recently increased its quarterly dividend, paying out $1.67 per share to shareholders. This represents an annualized dividend of $6.68 and a yield of 3.77%. The company’s payout ratio is currently 75.65%.
Several research analysts have issued ratings and price targets for IBM stock. The consensus seems to be a mix of hold, buy, and sell ratings, with an average price target of $182.53.
IBM, known for its integrated solutions and services worldwide, operates through various segments like software, consulting, and infrastructure. The company focuses on hybrid cloud and AI platforms to support digital and AI transformations.
For more information on IBM stock ownership and recent filings, investors can visit HoldingsChannel.com. To stay updated on IBM news and ratings, MarketBeat.com offers a daily email newsletter for subscribers.
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