Vanguard Group Inc. Grows Stock Position in International Business Machines Co. (NYSE:IBM)

Vanguard Group Inc. boosted its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 91,839,252 shares of the technology company's stock after buying an additional 1,539,888 shares during the quarter. Vanguard Group Inc. owned approximately 9.93% of International Business Machines worth $20,189,023,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. M Holdings Securities Inc. purchased a new stake in shares of International Business Machines during the 4th quarter worth approximately $587,000. Blueprint Investment Partners LLC grew its holdings in International Business Machines by 391.3% during the fourth quarter. Blueprint Investment Partners LLC now owns 13,570 shares of the technology company's stock valued at $2,983,000 after purchasing an additional 10,808 shares during the period. Mosley Wealth Management increased its position in International Business Machines by 9.0% in the fourth quarter. Mosley Wealth Management now owns 2,197 shares of the technology company's stock worth $502,000 after buying an additional 182 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in shares of International Business Machines during the 4th quarter valued at $2,461,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of International Business Machines during the 4th quarter worth $94,314,000. Hedge funds and other institutional investors own 58.96% of the company's stock.

Insider Buying and Selling 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 transaction of $6,715,644.43. Following the transaction, the senior vice president now directly owns 45,007 shares in the company, 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 at this hyperlink. Company insiders own 0.18% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on IBM shares. Sanford C. Bernstein upped their price objective on shares of International Business Machines from $210.00 to $215.00 and gave the company a "market perform" rating in a report on Friday, January 3rd. Morgan Stanley upped their price target on shares of International Business Machines from $217.00 to $228.00 and gave the company an "equal weight" rating in a research note on Thursday, January 30th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $250.00 price objective on shares of International Business Machines in a report on Monday, January 27th. Bank of America boosted their target price on shares of International Business Machines from $260.00 to $270.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Finally, BMO Capital Markets raised their price target on International Business Machines from $260.00 to $280.00 and gave the stock a "market perform" rating in a report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $231.44.

International Business Machines Price Performance

Shares of NYSE IBM traded up $0.36 during midday trading on Wednesday, hitting $250.26. 4,449,187 shares of the company's stock were exchanged, compared to its average volume of 3,898,661. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The business's fifty day moving average price is $248.65 and its two-hundred day moving average price is $230.90. The company has a market cap of $232.06 billion, a price-to-earnings ratio of 39.04, a PEG ratio of 5.81 and a beta of 0.74. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $266.45.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, topping analysts' consensus estimates of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. As a group, research analysts forecast that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were paid a $1.67 dividend. The ex-dividend date was Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.67%. International Business Machines's dividend payout ratio is presently 104.21%.

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.