Wilmington Savings Fund Society FSB Buys 71,051 Shares of International Business Machines Co. (NYSE:IBM)

Wilmington Savings Fund Society FSB increased its position in International Business Machines Co. (NYSE:IBM - Free Report) by 333.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 92,363 shares of the technology company's stock after buying an additional 71,051 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in International Business Machines were worth $20,420,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ellenbecker Investment Group increased its position in International Business Machines by 2.3% in the 3rd quarter. Ellenbecker Investment Group now owns 2,049 shares of the technology company's stock worth $453,000 after purchasing an additional 46 shares during the last quarter. Goldstein Advisors LLC grew its stake in shares of International Business Machines by 4.0% in the 3rd quarter. Goldstein Advisors LLC now owns 1,217 shares of the technology company's stock valued at $269,000 after buying an additional 47 shares in the last quarter. Vertex Planning Partners LLC increased its holdings in International Business Machines by 3.6% in the third quarter. Vertex Planning Partners LLC now owns 1,346 shares of the technology company's stock worth $298,000 after buying an additional 47 shares during the last quarter. Sollinda Capital Management LLC raised its position in International Business Machines by 3.7% during the third quarter. Sollinda Capital Management LLC now owns 1,360 shares of the technology company's stock valued at $301,000 after acquiring an additional 49 shares in the last quarter. Finally, Lansing Street Advisors lifted its stake in International Business Machines by 3.4% in the third quarter. Lansing Street Advisors now owns 1,503 shares of the technology company's stock valued at $332,000 after acquiring an additional 49 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Trading Up 0.9 %

Shares of International Business Machines stock traded up $2.14 during trading on Thursday, reaching $232.26. 4,508,995 shares of the company were exchanged, compared to its average volume of 4,234,105. The business has a 50-day moving average price of $222.38 and a 200-day moving average price of $200.91. The firm has a market capitalization of $214.76 billion, a price-to-earnings ratio of 33.49, a P/E/G ratio of 5.16 and a beta of 0.73. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16. International Business Machines Co. has a twelve month low of $157.88 and a twelve month high of $239.35.

International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results 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 company 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 company's revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the previous year, the company earned $2.20 EPS. Sell-side analysts anticipate that International Business Machines Co. will post 10.12 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were issued 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 2.88%. International Business Machines's dividend payout ratio (DPR) is presently 97.23%.

Analyst Upgrades and Downgrades

IBM has been the topic of several analyst reports. StockNews.com lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. Royal Bank of Canada restated an "outperform" rating and set a $250.00 target price on shares of International Business Machines in a report on Thursday, October 24th. Bernstein Bank boosted their price target on International Business Machines from $185.00 to $210.00 and gave the stock a "market perform" rating in a research report on Thursday, October 3rd. The Goldman Sachs Group increased their price objective on International Business Machines from $220.00 to $250.00 and gave the company a "buy" rating in a report on Monday, September 30th. Finally, Stifel Nicolaus boosted their target price on International Business Machines from $205.00 to $246.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $208.12.

Insider Transactions at International Business Machines

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

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.