Capital International Inc. CA Acquires Shares of 43,055 International Business Machines Co. (NYSE:IBM)

Capital International Inc. CA acquired a new stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 43,055 shares of the technology company's stock, valued at approximately $9,465,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Capital World Investors raised its position in International Business Machines by 413.5% during the 4th quarter. Capital World Investors now owns 11,984,609 shares of the technology company's stock worth $2,634,577,000 after buying an additional 9,650,534 shares during the last quarter. Curi RMB Capital LLC lifted its position in International Business Machines by 13.8% in the fourth quarter. Curi RMB Capital LLC now owns 62,183 shares of the technology company's stock valued at $13,670,000 after purchasing an additional 7,533 shares during the period. Dimensional Fund Advisors LP boosted its holdings in International Business Machines by 2.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,083,665 shares of the technology company's stock valued at $1,117,548,000 after purchasing an additional 99,510 shares in the last quarter. First Trust Advisors LP increased its position in International Business Machines by 26.4% during the 4th quarter. First Trust Advisors LP now owns 4,023,989 shares of the technology company's stock worth $884,593,000 after purchasing an additional 840,064 shares during the period. Finally, Forum Financial Management LP raised its stake in shares of International Business Machines by 22.3% during the 4th quarter. Forum Financial Management LP now owns 8,270 shares of the technology company's stock worth $1,818,000 after buying an additional 1,506 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Sanford C. Bernstein upped their price objective on International Business Machines from $210.00 to $215.00 and gave the stock a "market perform" rating in a report on Friday, January 3rd. Wedbush reaffirmed an "outperform" rating and set a $300.00 price target on shares of International Business Machines in a research note on Thursday. StockNews.com lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a research report on Saturday, March 15th. UBS Group reaffirmed a "sell" rating and issued a $170.00 target price (up from $160.00) on shares of International Business Machines in a report on Wednesday. Finally, Bank of America upped their price target on International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, International Business Machines has a consensus rating of "Hold" and a consensus price target of $242.44.

Insider Transactions at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of International Business Machines 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 transaction, the senior vice president now owns 45,007 shares in the company, valued at approximately $11,387,221.07. The trade was a 37.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.18% of the company's stock.

International Business Machines Trading Down 7.0 %

International Business Machines stock traded down $17.11 during trading on Thursday, hitting $228.37. The company's stock had a trading volume of 10,798,821 shares, compared to its average volume of 4,993,414. The stock's fifty day moving average is $246.57 and its 200 day moving average is $233.87. 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 1-year low of $162.62 and a 1-year high of $266.45. The stock has a market capitalization of $211.76 billion, a price-to-earnings ratio of 35.58, a P/E/G ratio of 5.81 and a beta of 0.67.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.18. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. The business had revenue of $14.54 billion for the quarter, compared to analyst estimates of $14.41 billion. As a group, equities research analysts predict that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were paid a dividend of $1.67 per share. The ex-dividend date was Monday, February 10th. This represents a $6.68 annualized dividend and a dividend yield of 2.93%. International Business Machines's dividend payout ratio is presently 104.21%.

About International Business Machines

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.