International Business Machines Co. (NYSE:IBM) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,665,256 shares of the technology company's stock after buying an additional 126,547 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.72% of International Business Machines worth $1,465,223,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in IBM. Meeder Asset Management Inc. raised its position in International Business Machines by 40.9% in the third quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company's stock valued at $126,000 after purchasing an additional 166 shares during the period. Blue Zone Wealth Advisors LLC acquired a new position in shares of International Business Machines during the fourth quarter worth $242,000. Brady Martz Wealth Solutions LLC acquired a new position in shares of International Business Machines during the fourth quarter worth $1,940,000. Tranquilli Financial Advisor LLC acquired a new position in International Business Machines in the fourth quarter valued at $373,000. Finally, Philip James Wealth Mangement LLC acquired a new position in International Business Machines in the third quarter valued at $5,117,000. Hedge funds and other institutional investors own 58.96% of the company's stock.

Insider Activity

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 sale, the senior vice president now owns 45,007 shares of the company's stock, valued at $11,387,221.07. The trade was a 37.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.07% of the company's stock.

International Business Machines Trading Up 1.1 %

Shares of IBM traded up $2.88 during mid-day trading on Tuesday, reaching $253.07. The company had a trading volume of 5,340,963 shares, compared to its average volume of 3,918,347. The stock has a market cap of $234.66 billion, a price-to-earnings ratio of 39.48, a price-to-earnings-growth ratio of 5.81 and a beta of 0.76. The firm has a fifty day simple moving average of $239.50 and a 200-day simple moving average of $225.40. International Business Machines Co. has a fifty-two week low of $162.62 and a fifty-two week high of $265.72. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82.

International Business Machines (NYSE:IBM - Get Free Report) last issued its 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 net margin of 9.60% and a return on equity of 38.99%. On average, sell-side analysts anticipate that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines's dividend payout ratio is presently 104.21%.

Analyst Ratings Changes

Several equities analysts have issued reports on IBM shares. Oppenheimer started coverage on shares of International Business Machines in a research note on Tuesday, February 11th. They issued an "outperform" rating and a $320.00 price objective for the company. Royal Bank of Canada reissued an "outperform" rating and set a $250.00 price target on shares of International Business Machines in a report on Monday, January 27th. Jefferies Financial Group increased their target price on shares of International Business Machines from $245.00 to $270.00 and gave the company a "hold" rating in a report on Thursday, January 30th. StockNews.com lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. Finally, UBS Group increased their price target on shares of International Business Machines from $150.00 to $160.00 and gave the company a "sell" rating in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $231.44.

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.