International Business Machines Co. (NYSE:IBM) Position Decreased by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its holdings in International Business Machines Co. (NYSE:IBM - Free Report) by 5.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,793,893 shares of the technology company's stock after selling 486,308 shares during the period. Bank of New York Mellon Corp owned 0.84% of International Business Machines worth $1,713,332,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the business. JBR Co Financial Management Inc lifted its holdings in shares of International Business Machines by 0.6% during the 4th quarter. JBR Co Financial Management Inc now owns 6,390 shares of the technology company's stock worth $1,405,000 after acquiring an additional 40 shares during the period. Callan Capital LLC increased its holdings in shares of International Business Machines by 2.4% during the 4th quarter. Callan Capital LLC now owns 1,870 shares of the technology company's stock worth $411,000 after buying an additional 44 shares during the last quarter. Marks Group Wealth Management Inc raised its position in shares of International Business Machines by 0.4% in the 4th quarter. Marks Group Wealth Management Inc now owns 10,425 shares of the technology company's stock worth $2,292,000 after buying an additional 45 shares during the period. First Affirmative Financial Network boosted its holdings in International Business Machines by 1.5% in the fourth quarter. First Affirmative Financial Network now owns 3,123 shares of the technology company's stock valued at $687,000 after acquiring an additional 46 shares during the last quarter. Finally, Waterfront Wealth Inc. grew its position in International Business Machines by 2.0% during the fourth quarter. Waterfront Wealth Inc. now owns 2,393 shares of the technology company's stock valued at $526,000 after acquiring an additional 46 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Performance

Shares of IBM traded down $4.75 during midday trading on Tuesday, hitting $257.12. 6,292,116 shares of the stock traded hands, compared to its average volume of 4,769,297. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $265.72. The business's 50 day moving average price is $236.49 and its two-hundred day moving average price is $223.25. The firm has a market capitalization of $237.74 billion, a PE ratio of 40.11, a price-to-earnings-growth ratio of 5.81 and a beta of 0.76.

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

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date is Monday, February 10th. International Business Machines's payout ratio is currently 104.21%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. BMO Capital Markets boosted their price objective on 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. Morgan Stanley boosted their target price on shares of International Business Machines from $217.00 to $228.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 30th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of International Business Machines in a research note on Wednesday, February 5th. Bank of America upped their price objective on shares of International Business Machines from $260.00 to $270.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Finally, Sanford C. Bernstein lifted their target price on International Business Machines from $210.00 to $215.00 and gave the stock a "market perform" rating in a research report on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, International Business Machines currently has an average rating of "Hold" and an average price target of $231.44.

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.