Wellington Management Group LLP Grows Stake in International Business Machines Co. (NYSE:IBM)

Wellington Management Group LLP increased its holdings in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 5.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 227,815 shares of the technology company's stock after acquiring an additional 10,862 shares during the period. Wellington Management Group LLP's holdings in International Business Machines were worth $50,365,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hazlett Burt & Watson Inc. raised its stake in International Business Machines by 1,054.5% during the third quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company's stock valued at $29,000 after buying an additional 116 shares during the last quarter. Hara Capital LLC bought a new position in International Business Machines in the 3rd quarter worth about $29,000. Capital Performance Advisors LLP purchased a new stake in International Business Machines during the 3rd quarter valued at about $43,000. Oliver Lagore Vanvalin Investment Group bought a new stake in International Business Machines during the 2nd quarter valued at about $36,000. Finally, Quest Partners LLC raised its holdings in International Business Machines by 23,700.0% in the third quarter. Quest Partners LLC now owns 238 shares of the technology company's stock worth $53,000 after buying an additional 237 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

Insider Buying and Selling at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines stock in a transaction dated 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 directly owns 25,390 shares of the company's stock, valued at approximately $5,463,928. The trade was a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.07% of the company's stock.

International Business Machines Price Performance

Shares of IBM stock traded up $2.66 on Thursday, hitting $232.78. 1,949,406 shares of the stock traded hands, compared to its average volume of 4,223,294. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01. International Business Machines Co. has a 52 week low of $157.88 and a 52 week high of $239.35. The firm has a 50 day simple moving average of $222.38 and a two-hundred day simple moving average of $200.91. The firm has a market cap of $215.24 billion, a price-to-earnings ratio of 33.49, a PEG ratio of 5.16 and a beta of 0.73.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, beating analysts' consensus estimates of $2.27 by $0.03. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The business had revenue of $14.97 billion for the quarter, compared to analysts' expectations of $15.08 billion. During the same period last year, the firm earned $2.20 earnings per share. The business's quarterly revenue was up 1.5% on a year-over-year basis. As a group, equities research analysts predict that International Business Machines Co. will post 10.12 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were paid a $1.67 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $6.68 annualized dividend and a yield of 2.87%. International Business Machines's payout ratio is 97.23%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on IBM shares. Jefferies Financial Group raised their price target on shares of International Business Machines from $200.00 to $245.00 and gave the company a "hold" rating in a research report on Monday, October 21st. Bernstein Bank boosted their price objective on shares of International Business Machines from $185.00 to $210.00 and gave the company a "market perform" rating in a report on Thursday, October 3rd. The Goldman Sachs Group raised their target price on shares of International Business Machines from $220.00 to $250.00 and gave the stock a "buy" rating in a report on Monday, September 30th. UBS Group boosted their target price on shares of International Business Machines from $130.00 to $145.00 and gave the company a "sell" rating in a research note on Wednesday, September 4th. Finally, Bank of America raised their price target on International Business Machines from $209.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $208.12.

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.