International Business Machines Co. (NYSE:IBM) Shares Sold by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC lessened its holdings in International Business Machines Co. (NYSE:IBM - Free Report) by 14.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 330,772 shares of the technology company's stock after selling 54,261 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC's holdings in International Business Machines were worth $72,714,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Aviva PLC lifted its holdings in International Business Machines by 6.8% during the 4th quarter. Aviva PLC now owns 554,867 shares of the technology company's stock valued at $121,976,000 after buying an additional 35,218 shares in the last quarter. Oarsman Capital Inc. raised its stake in shares of International Business Machines by 5.6% during the fourth quarter. Oarsman Capital Inc. now owns 10,455 shares of the technology company's stock valued at $2,298,000 after acquiring an additional 556 shares in the last quarter. KCM Investment Advisors LLC boosted its holdings in shares of International Business Machines by 2.2% in the fourth quarter. KCM Investment Advisors LLC now owns 8,916 shares of the technology company's stock valued at $1,960,000 after purchasing an additional 189 shares during the period. Resona Asset Management Co. Ltd. bought a new position in International Business Machines in the fourth quarter worth approximately $69,013,000. Finally, ROI Financial Advisors LLC increased its holdings in International Business Machines by 11.4% during the 4th quarter. ROI Financial Advisors LLC now owns 9,319 shares of the technology company's stock worth $2,049,000 after purchasing an additional 957 shares during the period. 58.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling at International Business Machines

In other news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.18% of the company's stock.

International Business Machines Stock Performance

Shares of NYSE:IBM traded up $0.49 during trading on Wednesday, hitting $221.52. The stock had a trading volume of 1,813,693 shares, compared to its average volume of 4,172,349. The stock has a 50-day simple moving average of $251.20 and a two-hundred day simple moving average of $232.67. The stock has a market capitalization of $205.41 billion, a price-to-earnings ratio of 34.56, a price-to-earnings-growth ratio of 5.81 and a beta of 0.67. 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.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, beating the consensus estimate 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, equities research analysts expect that International Business Machines Co. will post 10.78 earnings per share 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. Shareholders 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 3.02%. The ex-dividend date was Monday, February 10th. International Business Machines's dividend payout ratio is currently 104.21%.

Analyst Ratings Changes

Several brokerages have weighed in on IBM. StockNews.com cut International Business Machines from a "buy" rating to a "hold" rating in a report on Saturday, March 15th. Bank of America upped their price objective 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. Erste Group Bank upgraded International Business Machines from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Morgan Stanley increased their price target on shares of International Business Machines from $217.00 to $228.00 and gave the company an "equal weight" rating in a research report on Thursday, January 30th. Finally, Wedbush initiated coverage on shares of International Business Machines in a report on Monday, February 3rd. They issued an "outperform" rating on the stock. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $231.13.

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.