International Business Machines Co. (NYSE:IBM) Position Cut by Guggenheim Capital LLC

Guggenheim Capital LLC trimmed its holdings in International Business Machines Co. (NYSE:IBM - Free Report) by 7.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 279,342 shares of the technology company's stock after selling 22,199 shares during the period. Guggenheim Capital LLC's holdings in International Business Machines were worth $61,408,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in IBM. Vanguard Group Inc. lifted its stake 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 in the last quarter. Geode Capital Management LLC increased its position in 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 purchasing an additional 427,499 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in International Business Machines by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,665,256 shares of the technology company's stock valued at $1,465,223,000 after purchasing an additional 126,547 shares during the last quarter. Norges Bank acquired a new stake in shares of International Business Machines during the 4th quarter worth about $1,236,176,000. Finally, Invesco Ltd. grew its holdings in shares of 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 in the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at International Business Machines

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of International Business Machines 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 completion of the transaction, the senior vice president now directly owns 45,007 shares in the company, valued at $11,387,221.07. The trade was 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. Insiders own 0.18% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. UBS Group lifted their target price on shares of International Business Machines from $150.00 to $160.00 and gave the stock a "sell" rating in a research note on Tuesday, January 14th. Morgan Stanley upped their target price on International Business Machines from $217.00 to $228.00 and gave the company an "equal weight" rating in a research note on Thursday, January 30th. Jefferies Financial Group decreased their price target on International Business Machines from $270.00 to $265.00 and set a "hold" rating on the stock in a research note on Monday, March 31st. 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 research note on Thursday, January 30th. Finally, Wedbush started coverage on shares of International Business Machines in a report on Monday, February 3rd. They issued an "outperform" rating for the company. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and one has issued 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 a consensus price target of $232.75.

International Business Machines Stock Down 0.1 %

IBM traded down $0.12 during trading hours on Friday, reaching $238.45. 4,626,569 shares of the stock traded hands, compared to its average volume of 4,227,391. 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 debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. The company has a market cap of $221.10 billion, a price-to-earnings ratio of 37.20, a PEG ratio of 5.81 and a beta of 0.67. The firm's fifty day simple moving average is $247.61 and its two-hundred day simple moving average is $233.49.

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, analysts forecast that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend was Monday, February 10th. International Business Machines's dividend payout ratio is presently 104.21%.

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.