International Business Machines Co. (NYSE:IBM) Shares Acquired by Reynders McVeigh Capital Management LLC

Reynders McVeigh Capital Management LLC increased its holdings in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 3.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 118,907 shares of the technology company's stock after buying an additional 3,782 shares during the period. International Business Machines comprises approximately 1.4% of Reynders McVeigh Capital Management LLC's portfolio, making the stock its 28th largest position. Reynders McVeigh Capital Management LLC's holdings in International Business Machines were worth $26,139,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in International Business Machines by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 91,839,252 shares of the technology company's stock worth $20,189,023,000 after buying an additional 1,539,888 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of International Business Machines by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 20,909,646 shares of the technology company's stock valued at $4,589,145,000 after buying an additional 427,499 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of International Business Machines by 1.9% in the fourth 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 in the last quarter. Norges Bank bought a new position in shares of International Business Machines during the 4th quarter worth approximately $1,236,176,000. Finally, Invesco Ltd. increased its position in shares of International Business Machines by 5.1% during the 4th quarter. Invesco Ltd. now owns 4,036,860 shares of the technology company's stock valued at $887,423,000 after purchasing an additional 194,814 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

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International Business Machines Price Performance

Shares of NYSE IBM traded up $1.85 during mid-day trading on Tuesday, reaching $240.91. The company's stock had a trading volume of 153,973 shares, compared to its average volume of 4,198,829. The stock has a fifty day moving average of $248.67 and a two-hundred day moving average of $233.14. 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 firm has a market capitalization of $223.39 billion, a PE ratio of 37.51, a P/E/G ratio of 5.81 and a beta of 0.67.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) 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 anticipate that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date was Monday, February 10th. International Business Machines's payout ratio is currently 104.21%.

Insider Buying and Selling

In related news, SVP Robert David Thomas sold 26,543 shares of the business's stock in a transaction on Monday, March 3rd. The shares were 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.18% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on IBM. 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. Sanford C. Bernstein upped their target price on shares of International Business Machines from $210.00 to $215.00 and gave the stock a "market perform" rating in a report on Friday, January 3rd. Oppenheimer assumed coverage on shares of International Business Machines in a report on Tuesday, February 11th. They issued an "outperform" rating and a $320.00 price target for the company. JPMorgan Chase & Co. increased their price objective on International Business Machines from $233.00 to $244.00 and gave the stock a "neutral" rating in a research report on Thursday, January 30th. Finally, BMO Capital Markets boosted their price target on shares of International Business Machines from $260.00 to $280.00 and gave the stock a "market perform" rating in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $232.75.

International Business Machines 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.