International Business Machines Co. (NYSE:IBM) Shares Bought by F M Investments LLC

F M Investments LLC lifted its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 7.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,784 shares of the technology company's stock after purchasing an additional 4,846 shares during the quarter. F M Investments LLC's holdings in International Business Machines were worth $14,681,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in International Business Machines by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 91,839,252 shares of the technology company's stock valued at $20,189,023,000 after buying an additional 1,539,888 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of International Business Machines by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 20,909,646 shares of the technology company's stock worth $4,589,145,000 after buying an additional 427,499 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in International Business Machines by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,665,256 shares of the technology company's stock worth $1,465,223,000 after acquiring an additional 126,547 shares during the period. Norges Bank bought a new position in International Business Machines during the fourth quarter valued at about $1,236,176,000. Finally, Invesco Ltd. increased its holdings in International Business Machines by 5.1% during the fourth quarter. Invesco Ltd. now owns 4,036,860 shares of the technology company's stock worth $887,423,000 after buying an additional 194,814 shares during the last quarter. 58.96% of the stock is owned by institutional investors.

Remove Ads

International Business Machines Trading Up 0.9 %

IBM traded up $2.22 on Monday, reaching $237.70. 1,029,284 shares of the company traded hands, compared to its average volume of 4,205,743. The firm has a fifty day simple moving average of $249.14 and a two-hundred day simple moving average of $233.02. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. The company has a market cap of $220.41 billion, a P/E ratio of 37.08, a price-to-earnings-growth ratio of 5.81 and a beta of 0.67. International Business Machines Co. has a one year low of $162.62 and a one year high of $266.45.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, topping analysts' consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. As a group, equities research analysts expect that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were given a $1.67 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $6.68 annualized dividend and a yield of 2.81%. International Business Machines's dividend payout ratio is presently 104.21%.

Insider Activity

In other news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $253.01, for a total value of $6,715,644.43. Following the sale, the senior vice president now owns 45,007 shares in the company, valued at $11,387,221.07. This trade represents a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.18% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on IBM shares. 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. JPMorgan Chase & Co. upped their price objective on shares of International Business Machines from $233.00 to $244.00 and gave the company a "neutral" rating in a report on Thursday, January 30th. BMO Capital Markets lifted their price objective on shares of International Business Machines from $260.00 to $280.00 and gave the company a "market perform" rating in a research note on Thursday, January 30th. StockNews.com cut shares of International Business Machines from a "buy" rating to a "hold" rating in a research report on Saturday, March 15th. Finally, Jefferies Financial Group lowered their price target on shares of International Business Machines from $270.00 to $265.00 and set a "hold" rating for the company in a research note on Monday, March 31st. Two 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's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $232.75.

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.