Wellington Management Group LLP Sells 32,496 Shares of International Business Machines Co. (NYSE:IBM)

Wellington Management Group LLP trimmed its holdings in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 13.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 214,393 shares of the technology company's stock after selling 32,496 shares during the period. Wellington Management Group LLP's holdings in International Business Machines were worth $35,064,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Richardson Financial Services Inc. acquired a new position in shares of International Business Machines during the fourth quarter worth $215,000. Fortis Group Advisors LLC lifted its position in shares of International Business Machines by 46.5% during the fourth quarter. Fortis Group Advisors LLC now owns 12,673 shares of the technology company's stock worth $1,923,000 after purchasing an additional 4,024 shares in the last quarter. Northwest Bank & Trust Co acquired a new position in shares of International Business Machines during the fourth quarter worth $1,299,000. Creekmur Asset Management LLC acquired a new position in shares of International Business Machines during the fourth quarter worth $29,000. Finally, Transcendent Capital Group LLC acquired a new position in shares of International Business Machines during the fourth quarter worth $72,000. 58.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

IBM has been the topic of a number of recent research reports. UBS Group boosted their target price on shares of International Business Machines from $125.00 to $130.00 and gave the stock a "sell" rating in a research report on Monday, April 22nd. Jefferies Financial Group cut their price target on shares of International Business Machines from $215.00 to $210.00 and set a "hold" rating on the stock in a report on Tuesday, April 23rd. Wedbush upped their price target on shares of International Business Machines from $140.00 to $160.00 and gave the company a "neutral" rating in a report on Thursday, April 25th. BMO Capital Markets cut their price target on shares of International Business Machines from $210.00 to $190.00 and set a "market perform" rating on the stock in a report on Thursday, April 25th. Finally, Stifel Nicolaus reaffirmed a "buy" rating and issued a $190.00 price target on shares of International Business Machines in a report on Thursday, May 16th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, International Business Machines currently has an average rating of "Hold" and an average price target of $182.53.

International Business Machines Stock Performance

IBM stock traded down $2.40 during trading on Tuesday, hitting $172.61. 4,116,424 shares of the company's stock traded hands, compared to its average volume of 4,598,270. The company has a quick ratio of 1.09, a current ratio of 1.13 and a debt-to-equity ratio of 2.32. International Business Machines Co. has a 52 week low of $129.31 and a 52 week high of $199.18. The stock has a fifty day moving average price of $170.56 and a two-hundred day moving average price of $176.40. The stock has a market capitalization of $158.56 billion, a price-to-earnings ratio of 19.55, a price-to-earnings-growth ratio of 4.25 and a beta of 0.72.

International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.09. The firm had revenue of $14.46 billion during the quarter, compared to analyst estimates of $14.53 billion. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The firm's revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.36 earnings per share. As a group, equities analysts anticipate that International Business Machines Co. will post 9.9 EPS for the current fiscal year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 10th were given a dividend of $1.67 per share. The ex-dividend date was Thursday, May 9th. This represents a $6.68 annualized dividend and a dividend yield of 3.87%. This is a positive change from International Business Machines's previous quarterly dividend of $1.66. International Business Machines's dividend payout ratio is currently 75.65%.

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.