TD Waterhouse Canada Inc. Has $23.22 Million Position in International Business Machines Co. (NYSE:IBM)

TD Waterhouse Canada Inc. reduced its position in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 5.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,556 shares of the technology company's stock after selling 6,591 shares during the period. TD Waterhouse Canada Inc.'s holdings in International Business Machines were worth $23,220,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital World Investors lifted its position in International Business Machines by 413.5% during the fourth quarter. Capital World Investors now owns 11,984,609 shares of the technology company's stock valued at $2,634,577,000 after buying an additional 9,650,534 shares during the period. Norges Bank bought a new position in shares of International Business Machines during the 4th quarter valued at about $1,236,176,000. Raymond James Financial Inc. purchased a new position in International Business Machines in the fourth quarter worth about $592,746,000. Vanguard Group Inc. lifted 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 worth $20,189,023,000 after acquiring an additional 1,539,888 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of International Business Machines by 26.4% during the fourth quarter. First Trust Advisors LP now owns 4,023,989 shares of the technology company's stock valued at $884,593,000 after purchasing an additional 840,064 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP Robert David Thomas sold 26,543 shares of the business'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 transaction of $6,715,644.43. Following the sale, the senior vice president now owns 45,007 shares of the company's stock, valued at $11,387,221.07. The trade was a 37.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Bank of America boosted their price target on International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Oppenheimer began coverage on International Business Machines in a report on Tuesday, February 11th. They issued an "outperform" rating and a $320.00 price objective on the stock. Royal Bank of Canada reissued an "outperform" rating and issued a $276.00 price target on shares of International Business Machines in a research note on Monday, April 14th. BMO Capital Markets reiterated a "market perform" rating on shares of International Business Machines in a report on Wednesday. Finally, StockNews.com cut shares of International Business Machines from a "buy" rating to a "hold" rating in a research report on Saturday, March 15th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $242.44.

International Business Machines Stock Performance

Shares of NYSE:IBM traded down $16.19 during mid-day trading on Thursday, reaching $229.29. 15,407,890 shares of the company traded hands, compared to its average volume of 4,291,905. 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 company's 50 day moving average price is $246.57 and its 200-day moving average price is $233.87. The firm has a market cap of $212.61 billion, a PE ratio of 35.77, a PEG ratio of 5.81 and a beta of 0.67.

International Business Machines (NYSE:IBM - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.18. The company had revenue of $14.54 billion for the quarter, compared to analysts' expectations of $14.41 billion. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. On average, equities analysts expect that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were paid a dividend of $1.67 per share. The ex-dividend date was Monday, February 10th. This represents a $6.68 annualized dividend and a yield of 2.91%. International Business Machines's dividend payout ratio (DPR) is 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.