China Universal Asset Management Co. Ltd. Acquires 1,260 Shares of International Business Machines Co. (NYSE:IBM)

China Universal Asset Management Co. Ltd. lifted its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 38.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,561 shares of the technology company's stock after purchasing an additional 1,260 shares during the quarter. China Universal Asset Management Co. Ltd.'s holdings in International Business Machines were worth $1,003,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Czech National Bank boosted its position in shares of International Business Machines by 7.2% during the 3rd quarter. Czech National Bank now owns 187,647 shares of the technology company's stock valued at $41,485,000 after acquiring an additional 12,599 shares during the last quarter. Apella Capital LLC grew its position in International Business Machines by 16.1% in the third quarter. Apella Capital LLC now owns 4,799 shares of the technology company's stock worth $1,054,000 after acquiring an additional 667 shares in the last quarter. Triton Wealth Management PLLC bought a new position in shares of International Business Machines during the 3rd quarter valued at about $228,000. Lwmg LLC purchased a new stake in shares of International Business Machines in the 3rd quarter valued at $205,000. Finally, Great Waters Wealth Management bought a new position in shares of International Business Machines during the third quarter valued at about $217,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Stock Down 0.7 %

IBM traded down $1.87 during trading on Wednesday, reaching $262.60. 2,584,950 shares of the stock traded hands, compared to its average volume of 4,754,574. International Business Machines Co. has a fifty-two week low of $162.62 and a fifty-two week high of $265.72. The stock's 50-day simple moving average is $228.01 and its two-hundred day simple moving average is $215.86. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. The stock has a market cap of $242.81 billion, a price-to-earnings ratio of 40.95, a price-to-earnings-growth ratio of 5.63 and a beta of 0.76.

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 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%. As a group, equities research analysts expect that International Business Machines Co. will post 10.73 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be issued a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines's dividend payout ratio (DPR) is presently 104.21%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on IBM. BMO Capital Markets increased their price target on shares of 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. Stifel Nicolaus boosted their price target on International Business Machines from $205.00 to $246.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Wedbush assumed coverage on shares of International Business Machines in a report on Monday. They issued an "outperform" rating for the company. Bank of America upped their target price on shares of International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Finally, UBS Group increased their price target on International Business Machines from $150.00 to $160.00 and gave the company a "sell" rating in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $225.53.

Insider Activity at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the sale, the senior vice president now owns 25,390 shares of the company's stock, valued at $5,463,928. This trade represents a 12.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.07% of the stock is owned by insiders.

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.