Elo Mutual Pension Insurance Co Sells 3,242 Shares of International Business Machines Co. (NYSE:IBM)

Elo Mutual Pension Insurance Co decreased its holdings in International Business Machines Co. (NYSE:IBM - Free Report) by 3.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 84,062 shares of the technology company's stock after selling 3,242 shares during the quarter. Elo Mutual Pension Insurance Co's holdings in International Business Machines were worth $18,479,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of IBM. WINTON GROUP Ltd lifted its position in International Business Machines by 0.4% in the fourth quarter. WINTON GROUP Ltd now owns 26,491 shares of the technology company's stock worth $5,824,000 after purchasing an additional 107 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of International Business Machines by 8.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,612,701 shares of the technology company's stock valued at $359,068,000 after buying an additional 123,967 shares during the period. Tyler Stone Wealth Management boosted its stake in International Business Machines by 24.1% during the fourth quarter. Tyler Stone Wealth Management now owns 3,012 shares of the technology company's stock valued at $662,000 after buying an additional 584 shares in the last quarter. Graney & King LLC acquired a new position in International Business Machines during the fourth quarter worth about $53,000. Finally, Ausdal Financial Partners Inc. raised its position in International Business Machines by 17.1% in the fourth quarter. Ausdal Financial Partners Inc. now owns 12,519 shares of the technology company's stock worth $2,752,000 after acquiring an additional 1,829 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

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Insider Transactions at International Business Machines

In other news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction that occurred 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 directly owns 45,007 shares of the company's stock, valued at $11,387,221.07. This represents a 37.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.18% of the company's stock.

International Business Machines Price Performance

IBM stock traded down $2.38 during trading on Friday, hitting $243.83. The company had a trading volume of 3,125,152 shares, compared to its average volume of 4,089,823. International Business Machines Co. has a fifty-two week low of $162.62 and a fifty-two week high of $266.45. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The company has a fifty day moving average price of $249.51 and a two-hundred day moving average price of $231.47. The company has a market cap of $226.10 billion, a P/E ratio of 38.04, a P/E/G ratio of 5.81 and a beta of 0.74.

International Business Machines (NYSE:IBM - Get Free Report) last released 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 net margin of 9.60% and a return on equity of 38.99%. Equities research analysts expect 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 disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date was Monday, February 10th. International Business Machines's dividend payout ratio is currently 104.21%.

Analysts Set New Price Targets

IBM has been the topic of several recent research reports. StockNews.com cut shares of International Business Machines from a "buy" rating to a "hold" rating in a research note on Saturday, March 15th. BMO Capital Markets upped their price target on International Business Machines from $260.00 to $280.00 and gave the company a "market perform" rating in a report on Thursday, January 30th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of International Business Machines in a research report on Wednesday, February 5th. Royal Bank of Canada restated an "outperform" rating and set a $250.00 price target on shares of International Business Machines in a report on Monday, January 27th. Finally, Erste Group Bank upgraded shares of International Business Machines from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $231.44.

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.