International Business Machines Co. (NYSE:IBM) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP lifted its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 1.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 231,021 shares of the technology company's stock after buying an additional 3,206 shares during the quarter. Wellington Management Group LLP's holdings in International Business Machines were worth $50,785,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of 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 period. Charles Schwab Investment Management Inc. lifted its position in International Business Machines by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,665,256 shares of the technology company's stock worth $1,465,223,000 after acquiring an additional 126,547 shares during the period. Norges Bank purchased a new position in shares of International Business Machines in the 4th quarter valued at approximately $1,236,176,000. Raymond James Financial Inc. purchased a new stake in shares of International Business Machines during the fourth quarter worth approximately $592,746,000. Finally, National Pension Service lifted its holdings in shares of International Business Machines by 7.4% during the fourth quarter. National Pension Service now owns 2,129,145 shares of the technology company's stock worth $468,050,000 after purchasing an additional 145,931 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of brokerages recently commented on IBM. Wedbush began coverage on shares of International Business Machines in a research report on Monday, February 3rd. They issued an "outperform" rating for the company. StockNews.com downgraded International Business Machines from a "buy" rating to a "hold" rating in a research note on Saturday, March 15th. Erste Group Bank raised International Business Machines from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Sanford C. Bernstein increased their price target on shares of International Business Machines from $210.00 to $215.00 and gave the company a "market perform" rating in a report on Friday, January 3rd. Finally, Bank of America boosted their price objective on shares of International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Two 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $231.13.

Insider Activity

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction that occurred 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 sale, the senior vice president now owns 45,007 shares of the company's stock, valued at $11,387,221.07. This trade represents a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.18% of the company's stock.

International Business Machines Price Performance

Shares of IBM traded up $14.55 during trading hours on Wednesday, reaching $235.58. 7,297,903 shares of the company traded hands, compared to its average volume of 4,199,431. The stock has a market capitalization of $218.44 billion, a PE ratio of 36.75, a price-to-earnings-growth ratio of 5.81 and a beta of 0.67. The stock has a fifty day simple moving average of $250.35 and a 200 day simple moving average of $232.80. 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 quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, topping 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%. As a group, research analysts predict that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 2.84%. The ex-dividend date was Monday, February 10th. 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.