International Business Machines Co. (NYSE:IBM) Position Raised by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. increased its position in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 403,350 shares of the technology company's stock after acquiring an additional 3,354 shares during the quarter. Royal London Asset Management Ltd.'s holdings in International Business Machines were worth $88,668,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. JBR Co Financial Management Inc grew its position in International Business Machines by 0.6% in the 4th quarter. JBR Co Financial Management Inc now owns 6,390 shares of the technology company's stock valued at $1,405,000 after buying an additional 40 shares during the last quarter. Schechter Investment Advisors LLC grew its position in International Business Machines by 0.7% in the 4th quarter. Schechter Investment Advisors LLC now owns 6,351 shares of the technology company's stock valued at $1,396,000 after buying an additional 43 shares during the last quarter. Callan Capital LLC grew its position in International Business Machines by 2.4% in the 4th quarter. Callan Capital LLC now owns 1,870 shares of the technology company's stock valued at $411,000 after buying an additional 44 shares during the last quarter. Marks Group Wealth Management Inc grew its position in 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 valued at $2,292,000 after buying an additional 45 shares during the last quarter. Finally, Tower Wealth Partners Inc. grew its position in International Business Machines by 1.9% in the 4th quarter. Tower Wealth Partners Inc. now owns 2,376 shares of the technology company's stock valued at $522,000 after buying an additional 45 shares during the last quarter. Institutional investors own 58.96% of the company's stock.

Remove Ads

Insider Activity at International Business Machines

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $253.01, for a total value of $6,715,644.43. Following the completion of the sale, the senior vice president now owns 45,007 shares of the company's stock, valued at $11,387,221.07. This trade represents a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is currently owned by insiders.

International Business Machines Trading Up 0.2 %

Shares of IBM stock traded up $0.43 during trading hours on Friday, hitting $243.75. 9,566,862 shares of the company were exchanged, compared to its average volume of 3,900,703. The firm has a market cap of $226.02 billion, a PE ratio of 38.03, a PEG ratio of 5.81 and a beta of 0.74. International Business Machines Co. has a 1 year low of $162.62 and a 1 year 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. The firm has a fifty day moving average of $246.77 and a 200 day moving average of $229.91.

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, topping 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%. Analysts expect that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were issued a $1.67 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $6.68 annualized dividend and a yield of 2.74%. International Business Machines's payout ratio is 104.21%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on IBM shares. Jefferies Financial Group boosted their target price on shares of International Business Machines from $245.00 to $270.00 and gave the stock a "hold" rating in a research report on Thursday, January 30th. UBS Group boosted their target price on shares of International Business Machines from $150.00 to $160.00 and gave the stock a "sell" rating in a research report on Tuesday, January 14th. StockNews.com lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a research report on Saturday, March 15th. Bank of America boosted their target price on shares of International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Finally, Morgan Stanley lifted their price target on International Business Machines from $217.00 to $228.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price 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.