International Business Machines Co. (NYSE:IBM) Shares Sold by UMB Bank n.a.

UMB Bank n.a. reduced its holdings in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 4.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,364 shares of the technology company's stock after selling 2,717 shares during the period. UMB Bank n.a.'s holdings in International Business Machines were worth $11,951,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in IBM. International Assets Investment Management LLC raised its holdings in International Business Machines by 20,324.5% during the 3rd quarter. International Assets Investment Management LLC now owns 2,715,636 shares of the technology company's stock valued at $600,373,000 after buying an additional 2,702,340 shares during the last quarter. Holocene Advisors LP purchased a new stake in shares of International Business Machines during the third quarter worth about $573,306,000. State Street Corp grew its stake 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 purchasing an additional 1,200,803 shares during the last quarter. Eagle Asset Management Inc. increased its holdings in International Business Machines by 587.1% during the 3rd quarter. Eagle Asset Management Inc. now owns 628,213 shares of the technology company's stock valued at $134,262,000 after purchasing an additional 536,785 shares during the period. Finally, KBC Group NV raised its position in International Business Machines by 103.1% during the 3rd quarter. KBC Group NV now owns 886,323 shares of the technology company's stock valued at $195,948,000 after purchasing an additional 449,912 shares during the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Stock Up 0.9 %

Shares of IBM stock traded up $2.07 during trading on Monday, reaching $224.73. The company's stock had a trading volume of 5,481,686 shares, compared to its average volume of 2,994,162. The company has a market capitalization of $207.80 billion, a price-to-earnings ratio of 32.71, a P/E/G ratio of 4.71 and a beta of 0.74. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $239.35. 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's 50-day moving average price is $222.87 and its 200 day moving average price is $211.14.

International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, topping analysts' consensus estimates of $2.27 by $0.03. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The firm had revenue of $14.97 billion for the quarter, compared to analyst estimates of $15.08 billion. During the same period in the prior year, the firm earned $2.20 earnings per share. The business's quarterly revenue was up 1.5% compared to the same quarter last year. On average, research analysts anticipate that International Business Machines Co. will post 10.16 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were given a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.97%. The ex-dividend date was Tuesday, November 12th. International Business Machines's payout ratio is 97.23%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on IBM. Stifel Nicolaus lifted their price target on shares of International Business Machines from $205.00 to $246.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. BMO Capital Markets lifted their price objective on International Business Machines from $235.00 to $260.00 and gave the company a "market perform" rating in a research report on Thursday, October 24th. The Goldman Sachs Group raised their target price on International Business Machines from $220.00 to $250.00 and gave the company a "buy" rating in a research note on Monday, September 30th. Morgan Stanley upped their price target on International Business Machines from $208.00 to $222.00 and gave the stock an "equal weight" rating in a research note on Monday, December 16th. Finally, UBS Group boosted their target price on shares of International Business Machines from $150.00 to $160.00 and gave the company a "sell" rating in a report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $216.87.

Insider Buying and Selling

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the completion of the transaction, the senior vice president now directly owns 25,390 shares of the company's stock, valued at $5,463,928. This trade represents a 12.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.07% of the stock is owned by insiders.

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.