International Business Machines Co. (NYSE:IBM) Holdings Lowered by Franklin Resources Inc.

Franklin Resources Inc. lowered its holdings in International Business Machines Co. (NYSE:IBM - Free Report) by 11.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,435,956 shares of the technology company's stock after selling 186,476 shares during the period. Franklin Resources Inc. owned approximately 0.16% of International Business Machines worth $315,666,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. B. Metzler seel. Sohn & Co. AG raised its holdings in shares of International Business Machines by 1.3% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 62,008 shares of the technology company's stock valued at $13,631,000 after buying an additional 824 shares during the period. Seven Mile Advisory raised its stake in shares of International Business Machines by 70.7% during the fourth quarter. Seven Mile Advisory now owns 1,567 shares of the technology company's stock valued at $344,000 after purchasing an additional 649 shares during the period. Summit Financial LLC lifted its position in shares of International Business Machines by 67.1% during the fourth quarter. Summit Financial LLC now owns 23,394 shares of the technology company's stock worth $5,143,000 after purchasing an additional 9,393 shares in the last quarter. Hoey Investments Inc. boosted its stake in shares of International Business Machines by 93.8% in the fourth quarter. Hoey Investments Inc. now owns 1,926 shares of the technology company's stock valued at $423,000 after purchasing an additional 932 shares during the period. Finally, Alliancebernstein L.P. grew its holdings in International Business Machines by 14.9% during the 4th quarter. Alliancebernstein L.P. now owns 1,591,471 shares of the technology company's stock valued at $349,853,000 after purchasing an additional 206,944 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

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Insider Activity at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was 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 directly owns 45,007 shares in the company, valued at $11,387,221.07. This trade represents a 37.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on IBM shares. Erste Group Bank raised International Business Machines from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Bank of America lifted their price objective on International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Sanford C. Bernstein raised their price target on shares of International Business Machines from $210.00 to $215.00 and gave the stock a "market perform" rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. lifted their price target on shares of International Business Machines from $233.00 to $244.00 and gave the stock a "neutral" rating in a research note on Thursday, January 30th. Finally, BMO Capital Markets increased 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. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, International Business Machines presently has an average rating of "Hold" and an average price target of $231.13.

International Business Machines Stock Performance

Shares of NYSE:IBM traded down $6.50 during trading on Thursday, hitting $243.49. 5,305,333 shares of the company traded hands, compared to its average volume of 4,119,021. 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 business's fifty day moving average is $251.05 and its 200-day moving average is $232.26. The stock has a market capitalization of $225.77 billion, a price-to-earnings ratio of 37.99, a PEG 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 issued its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 EPS 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 analysts predict that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were issued a $1.67 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.74%. International Business Machines's dividend payout ratio (DPR) 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.