Arjuna Capital Boosts Stock Holdings in International Business Machines Co. (NYSE:IBM)

Arjuna Capital increased its position in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 55.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,892 shares of the technology company's stock after purchasing an additional 4,257 shares during the quarter. Arjuna Capital's holdings in International Business Machines were worth $2,614,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Generali Investments CEE investicni spolecnost a.s. bought a new stake in International Business Machines during the fourth quarter worth $7,215,000. PNC Financial Services Group Inc. raised its stake in shares of International Business Machines by 0.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,181,333 shares of the technology company's stock worth $259,692,000 after purchasing an additional 5,897 shares during the period. Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of International Business Machines by 33.8% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 20,578 shares of the technology company's stock worth $4,992,000 after purchasing an additional 5,194 shares during the period. RKL Wealth Management LLC boosted its holdings in shares of International Business Machines by 36.4% in the 4th quarter. RKL Wealth Management LLC now owns 13,821 shares of the technology company's stock worth $3,038,000 after buying an additional 3,686 shares during the last quarter. Finally, Aviance Capital Partners LLC grew its position in International Business Machines by 20.8% during the fourth quarter. Aviance Capital Partners LLC now owns 2,822 shares of the technology company's stock valued at $620,000 after buying an additional 485 shares during the period. 58.96% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

IBM has been the topic of several research reports. StockNews.com raised shares of International Business Machines from a "hold" rating to a "buy" rating in a research report on Friday. Wedbush started coverage on shares of International Business Machines in a report on Monday, February 3rd. They issued an "outperform" rating on the stock. UBS Group increased their price objective on International Business Machines from $150.00 to $160.00 and gave the company a "sell" rating in a report on Tuesday, January 14th. Jefferies Financial Group boosted their target price on International Business Machines from $245.00 to $270.00 and gave the company a "hold" rating in a research note on Thursday, January 30th. Finally, Sanford C. Bernstein increased their price target on International Business Machines from $210.00 to $215.00 and gave the stock a "market perform" rating in a research note on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $231.44.

International Business Machines Price Performance

NYSE:IBM traded down $7.87 during mid-day trading on Tuesday, hitting $249.03. 5,629,213 shares of the stock traded hands, compared to its average volume of 3,924,495. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $266.45. 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 $230.92 billion, a PE ratio of 38.85, a price-to-earnings-growth ratio of 5.81 and a beta of 0.74. The business's 50-day moving average price is $242.03 and its 200 day moving average price is $227.05.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, beating analysts' consensus estimates of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. On average, analysts expect that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were issued a $1.67 dividend. The ex-dividend date was Monday, February 10th. This represents a $6.68 annualized dividend and a dividend yield of 2.68%. International Business Machines's payout ratio is currently 104.21%.

Insider Activity

In other news, SVP Robert David Thomas sold 26,543 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were 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 in the company, valued at approximately $11,387,221.07. This trade represents a 37.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.07% 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.