Sumitomo Mitsui Trust Group Inc. Has $546.82 Million Holdings in International Business Machines Co. (NYSE:IBM)

Sumitomo Mitsui Trust Group Inc. raised its holdings in International Business Machines Co. (NYSE:IBM - Free Report) by 1.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,473,421 shares of the technology company's stock after acquiring an additional 32,732 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.27% of International Business Machines worth $546,824,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of IBM. ESL Trust Services LLC acquired a new stake in International Business Machines during the 1st quarter worth approximately $28,000. Hazlett Burt & Watson Inc. grew its position in International Business Machines by 1,054.5% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company's stock worth $29,000 after acquiring an additional 116 shares during the last quarter. Hara Capital LLC bought a new stake in shares of International Business Machines in the 3rd quarter valued at about $29,000. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of International Business Machines in the 2nd quarter valued at about $36,000. Finally, Wolff Wiese Magana LLC lifted its stake in shares of International Business Machines by 37.0% in the 2nd quarter. Wolff Wiese Magana LLC now owns 222 shares of the technology company's stock valued at $38,000 after purchasing an additional 60 shares during the period. 58.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on IBM shares. Evercore ISI boosted their price objective on International Business Machines from $215.00 to $240.00 and gave the stock an "outperform" rating in a report on Wednesday, September 11th. Royal Bank of Canada restated an "outperform" rating and set a $250.00 price target on shares of International Business Machines in a research report on Thursday, October 24th. Bernstein Bank raised their target price on International Business Machines from $185.00 to $210.00 and gave the stock a "market perform" rating in a research note on Thursday, October 3rd. Jefferies Financial Group lifted their target price on shares of International Business Machines from $200.00 to $245.00 and gave the company a "hold" rating in a report on Monday, October 21st. Finally, UBS Group lifted their target price on shares of International Business Machines from $130.00 to $145.00 and gave the stock a "sell" rating in a research report on Wednesday, September 4th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, International Business Machines presently has a consensus rating of "Hold" and a consensus target price of $208.12.

International Business Machines Stock Down 0.5 %

NYSE:IBM traded down $1.16 during mid-day trading on Tuesday, reaching $210.74. The stock had a trading volume of 1,510,371 shares, compared to its average volume of 4,226,792. International Business Machines Co. has a fifty-two week low of $147.35 and a fifty-two week high of $237.37. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01. The stock has a market cap of $194.86 billion, a P/E ratio of 30.53, a PEG ratio of 4.80 and a beta of 0.71. The business's 50 day moving average is $218.25 and its 200 day moving average is $192.68.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.03. The firm had revenue of $14.97 billion during the quarter, compared to analyst estimates of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The business's revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.20 earnings per share. As a group, sell-side analysts predict that International Business Machines Co. will post 10.11 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be given a $1.67 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $6.68 annualized dividend and a dividend yield of 3.17%. International Business Machines's dividend payout ratio is presently 97.23%.

Insiders Place Their Bets

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the sale, the senior vice president now owns 25,390 shares in the company, valued at approximately $5,463,928. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.07% of the company's stock.

International Business Machines Company 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.