TCW Group Inc. Acquires 54,886 Shares of International Business Machines Co. (NYSE:IBM)

TCW Group Inc. raised its holdings in International Business Machines Co. (NYSE:IBM - Free Report) by 8.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 694,520 shares of the technology company's stock after acquiring an additional 54,886 shares during the quarter. International Business Machines makes up about 1.3% of TCW Group Inc.'s portfolio, making the stock its 16th largest holding. TCW Group Inc. owned about 0.08% of International Business Machines worth $153,544,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lantz Financial LLC lifted its position in shares of International Business Machines by 0.9% during the 2nd quarter. Lantz Financial LLC now owns 11,935 shares of the technology company's stock worth $2,064,000 after buying an additional 107 shares in the last quarter. Great Valley Advisor Group Inc. raised its position in International Business Machines by 0.6% in the second quarter. Great Valley Advisor Group Inc. now owns 14,469 shares of the technology company's stock worth $2,503,000 after acquiring an additional 89 shares during the period. Leavell Investment Management Inc. increased its stake in shares of International Business Machines by 10.2% during the 2nd quarter. Leavell Investment Management Inc. now owns 13,981 shares of the technology company's stock worth $2,418,000 after purchasing an additional 1,293 shares during the last quarter. Red Door Wealth Management LLC grew its holdings in International Business Machines by 4.2% during the second quarter. Red Door Wealth Management LLC now owns 4,599 shares of the technology company's stock valued at $795,000 after purchasing an additional 187 shares during the period. Finally, Blackston Financial Advisory Group LLC increased its position in International Business Machines by 70.7% in the second quarter. Blackston Financial Advisory Group LLC now owns 2,313 shares of the technology company's stock worth $400,000 after buying an additional 958 shares during the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at International Business Machines

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $215.20, for a total value of $774,720.00. Following the sale, the senior vice president now owns 25,390 shares of the company's stock, valued at $5,463,928. This trade represents a 12.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.07% of the stock is currently owned by corporate insiders.

International Business Machines Stock Down 0.7 %

NYSE:IBM traded down $1.61 during midday trading on Wednesday, hitting $230.11. 3,871,822 shares of the company were exchanged, compared to its average volume of 4,232,944. The company has a fifty day simple moving average of $222.17 and a 200 day simple moving average of $200.70. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16. International Business Machines Co. has a fifty-two week low of $157.88 and a fifty-two week high of $239.35. The company has a market capitalization of $212.77 billion, a PE ratio of 33.83, a price-to-earnings-growth ratio of 5.16 and a beta of 0.73.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, beating analysts' consensus estimates of $2.27 by $0.03. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The company had revenue of $14.97 billion for the quarter, compared to analyst estimates of $15.08 billion. During the same quarter in the previous year, the company earned $2.20 EPS. The firm's revenue for the quarter was up 1.5% compared to the same quarter last year. As a group, equities analysts anticipate that International Business Machines Co. will post 10.12 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend was Tuesday, November 12th. International Business Machines's payout ratio is currently 97.23%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on IBM shares. Morgan Stanley dropped their price objective on shares of International Business Machines from $217.00 to $208.00 and set an "equal weight" rating on the stock in a report on Thursday, October 24th. Bernstein Bank increased their target price on International Business Machines from $185.00 to $210.00 and gave the stock a "market perform" rating in a research report on Thursday, October 3rd. The Goldman Sachs Group lifted their price target on International Business Machines from $220.00 to $250.00 and gave the company a "buy" rating in a research report on Monday, September 30th. DZ Bank lowered shares of International Business Machines from a "buy" rating to a "hold" rating and set a $215.00 price objective for the company. in a research report on Wednesday, October 2nd. Finally, BMO Capital Markets lifted their price target on International Business Machines from $235.00 to $260.00 and gave the company a "market perform" rating in a research report on Thursday, October 24th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $208.12.

About International Business Machines

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.