Canal Insurance CO Sells 10,000 Shares of International Business Machines Corporation $IBM

Canal Insurance CO reduced its stake in International Business Machines (IBM) by 13.7% in Q4, selling 10,000 shares but still holding 63,000 shares valued at $18.66 million, making IBM its fourth-largest holding. Despite some analyst price target cuts, IBM maintains a “Moderate Buy” consensus rating with a target of $294.41, supported by strong Q4 earnings, increased dividends, and advancements in AI and quantum computing. Other institutional investors like Family CFO Inc, Mountain Hill Investment Partners Corp., Joseph Group Capital Management, SWAN Capital LLC, and DecisionPoint Financial LLC have also recently adjusted their positions in IBM.

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