Brown Brothers Harriman & Co. Reduces Position in International Business Machines Co. (NYSE:IBM)

Brown Brothers Harriman & Co. lowered its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 44,188 shares of the technology company's stock after selling 1,300 shares during the quarter. Brown Brothers Harriman & Co.'s holdings in International Business Machines were worth $9,714,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in IBM. Blue Zone Wealth Advisors LLC bought a new stake in shares of International Business Machines in the 4th quarter worth approximately $242,000. Brady Martz Wealth Solutions LLC purchased a new stake in International Business Machines in the fourth quarter worth $1,940,000. Tranquilli Financial Advisor LLC bought a new stake in shares of International Business Machines in the fourth quarter valued at $373,000. Truist Financial Corp lifted its position in shares of International Business Machines by 6.5% during the 4th quarter. Truist Financial Corp now owns 811,062 shares of the technology company's stock valued at $178,296,000 after buying an additional 49,591 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of International Business Machines by 6.5% during the 4th quarter. Nordea Investment Management AB now owns 75,638 shares of the technology company's stock worth $16,615,000 after acquiring an additional 4,625 shares during the period. Hedge funds and other institutional investors own 58.96% of the company's stock.

Analyst Upgrades and Downgrades

IBM has been the topic of several recent research reports. Royal Bank of Canada reaffirmed an "outperform" rating and set a $250.00 price objective on shares of International Business Machines in a report on Monday, January 27th. Bank of America upped their price target on shares of International Business Machines from $260.00 to $270.00 and gave the company a "buy" rating in a research note on Thursday, January 30th. Erste Group Bank upgraded shares of International Business Machines from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Sanford C. Bernstein increased their target price on International Business Machines from $210.00 to $215.00 and gave the stock a "market perform" rating in a research report on Friday, January 3rd. Finally, BMO Capital Markets lifted their price target on International Business Machines from $260.00 to $280.00 and gave the company a "market perform" rating in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $231.13.

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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 stock was sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.18% of the company's stock.

International Business Machines Stock Up 0.1 %

Shares of IBM stock traded up $0.30 during mid-day trading on Tuesday, hitting $248.96. The company's stock had a trading volume of 1,207,875 shares, compared to its average volume of 4,729,495. The stock has a market cap of $230.85 billion, a price-to-earnings ratio of 38.84, a PEG ratio of 5.81 and a beta of 0.74. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. International Business Machines Co. has a 52-week low of $162.62 and a 52-week high of $266.45. The business has a 50-day moving average price of $249.99 and a 200 day moving average price of $231.88.

International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. Research analysts predict that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

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

International Business Machines 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.