Geode Capital Management LLC Increases Holdings in International Business Machines Co. (NYSE:IBM)

Geode Capital Management LLC lifted its holdings in International Business Machines Co. (NYSE:IBM - Free Report) by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,909,646 shares of the technology company's stock after acquiring an additional 427,499 shares during the quarter. Geode Capital Management LLC owned 2.26% of International Business Machines worth $4,589,145,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in International Business Machines during the 4th quarter worth approximately $1,236,176,000. Raymond James Financial Inc. acquired a new stake in International Business Machines in the 4th quarter valued at approximately $592,746,000. Holocene Advisors LP purchased a new position in shares of International Business Machines during the third quarter worth $573,306,000. Vanguard Group Inc. raised its holdings in shares of 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 period. Finally, State Street Corp boosted its holdings in International Business Machines by 2.2% during the 3rd quarter. State Street Corp now owns 55,671,883 shares of the technology company's stock valued at $12,307,940,000 after acquiring an additional 1,200,803 shares during the period. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Stock Performance

Shares of NYSE:IBM traded down $6.72 on Thursday, reaching $243.26. The company's stock had a trading volume of 3,972,856 shares, compared to its average volume of 4,114,942. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. International Business Machines Co. has a 52-week low of $162.62 and a 52-week high of $266.45. The stock's 50-day moving average is $251.05 and its two-hundred day moving average is $232.26. The stock has a market capitalization of $225.57 billion, a P/E ratio of 37.95, a PEG ratio of 5.81 and a beta of 0.67.

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International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, beating the consensus estimate 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, sell-side analysts forecast that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were issued a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.75%. The ex-dividend date was Monday, February 10th. International Business Machines's payout ratio is 104.21%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Wedbush started coverage on shares of International Business Machines in a report on Monday, February 3rd. They set an "outperform" rating on the stock. Erste Group Bank raised International Business Machines from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. JPMorgan Chase & Co. boosted their price target on shares of International Business Machines from $233.00 to $244.00 and gave the stock a "neutral" rating in a report on Thursday, January 30th. UBS Group lifted their price objective on shares of International Business Machines from $150.00 to $160.00 and gave the stock a "sell" rating in a research report on Tuesday, January 14th. Finally, The Goldman Sachs Group restated a "buy" rating on shares of International Business Machines in a research note on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, International Business Machines presently has an average rating of "Hold" and an average price target of $231.13.

Insider Transactions at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the transaction, the senior vice president now 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.18% of the company's stock.

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.