International Business Machines Co. (NYSE:IBM) Shares Sold by TD Asset Management Inc.

TD Asset Management Inc. lessened its holdings in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 0.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 651,078 shares of the technology company's stock after selling 1,507 shares during the quarter. TD Asset Management Inc. owned 0.07% of International Business Machines worth $143,126,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in shares of International Business Machines in the 4th quarter valued at $592,746,000. Holocene Advisors LP purchased a new position in International Business Machines in the third quarter valued at about $573,306,000. Vanguard Group Inc. lifted 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 purchasing an additional 1,539,888 shares in the last quarter. State Street Corp boosted its position in shares of International Business Machines by 2.2% in the third quarter. State Street Corp now owns 55,671,883 shares of the technology company's stock worth $12,307,940,000 after buying an additional 1,200,803 shares during the period. Finally, KBC Group NV grew its stake in shares of International Business Machines by 90.4% in the fourth quarter. KBC Group NV now owns 1,687,253 shares of the technology company's stock valued at $370,909,000 after buying an additional 800,930 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

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Insiders Place Their Bets

In other news, SVP Robert David Thomas sold 26,543 shares of the company's stock in a transaction dated 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 owns 45,007 shares in the company, valued at approximately $11,387,221.07. This represents a 37.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on IBM shares. StockNews.com lowered International Business Machines from a "buy" rating to a "hold" rating in a research report on Saturday, March 15th. Erste Group Bank upgraded shares of International Business Machines from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $250.00 price target on shares of International Business Machines in a research note on Monday, January 27th. The Goldman Sachs Group reissued a "buy" rating on shares of International Business Machines in a research report on Wednesday, February 5th. Finally, Oppenheimer began coverage on International Business Machines in a research note on Tuesday, February 11th. They issued an "outperform" rating and a $320.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, International Business Machines has an average rating of "Hold" and an average target price of $231.44.

International Business Machines Stock Performance

IBM stock traded down $2.38 during trading on Friday, hitting $243.83. 3,125,152 shares of the company's stock traded hands, compared to its average volume of 4,089,823. The stock has a market capitalization of $226.10 billion, a price-to-earnings ratio of 38.04, a price-to-earnings-growth ratio of 5.81 and a beta of 0.74. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $266.45. The stock has a fifty day moving average price of $249.51 and a two-hundred day moving average price of $231.47. 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 earnings per share 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%. As a group, equities analysts anticipate that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were paid a dividend of $1.67 per share. The ex-dividend date was Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.74%. International Business Machines's payout ratio is currently 104.21%.

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.