AMF Tjanstepension AB Reduces Stock Holdings in International Business Machines Co. (NYSE:IBM)

AMF Tjanstepension AB decreased its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 53.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,979 shares of the technology company's stock after selling 73,677 shares during the period. AMF Tjanstepension AB's holdings in International Business Machines were worth $14,301,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Compass Financial Services Inc bought a new position in shares of International Business Machines during the fourth quarter valued at approximately $26,000. Hara Capital LLC bought a new position in shares of International Business Machines during the third quarter valued at $29,000. Vision Financial Markets LLC purchased a new stake in shares of International Business Machines during the 4th quarter valued at about $31,000. Avondale Wealth Management grew its stake in shares of International Business Machines by 56.0% in the fourth quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock worth $34,000 after acquiring an additional 56 shares during the period. Finally, Valued Wealth Advisors LLC raised its holdings in shares of International Business Machines by 134.3% during the fourth quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock valued at $35,000 after purchasing an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

Insider Buying and Selling at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the completion of the transaction, the senior vice president now owns 45,007 shares in the company, valued at approximately $11,387,221.07. This represents a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.07% of the company's stock.

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Wall Street Analyst Weigh In

IBM has been the topic of several research reports. Sanford C. Bernstein raised their target price on shares of International Business Machines from $210.00 to $215.00 and gave the stock a "market perform" rating in a report on Friday, January 3rd. Royal Bank of Canada restated an "outperform" rating and issued a $250.00 price target on shares of International Business Machines in a research note on Monday, January 27th. Jefferies Financial Group lifted their price objective on International Business Machines from $245.00 to $270.00 and gave the stock a "hold" rating in a report on Thursday, January 30th. StockNews.com raised International Business Machines from a "hold" rating to a "buy" rating in a report on Friday. Finally, Oppenheimer started coverage on shares of International Business Machines in a research report on Tuesday, February 11th. They set an "outperform" rating and a $320.00 price target for the company. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, International Business Machines currently has a consensus rating of "Hold" and an average target price of $231.44.

International Business Machines Price Performance

Shares of IBM stock traded down $7.87 on Tuesday, hitting $249.03. 5,629,213 shares of the stock traded hands, compared to its average volume of 3,924,495. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $266.45. The firm has a 50 day simple moving average of $242.03 and a two-hundred day simple moving average of $227.05. The firm has a market cap of $230.92 billion, a price-to-earnings ratio of 38.85, a PEG ratio of 5.81 and a beta of 0.74.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, beating 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%. As a group, equities research analysts predict that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were paid a $1.67 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $6.68 annualized dividend and a yield of 2.68%. International Business Machines's payout ratio is 104.21%.

International Business Machines Company Profile

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.