World Investment Advisors raised its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 37.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,333 shares of the technology company's stock after buying an additional 4,740 shares during the quarter. World Investment Advisors' holdings in International Business Machines were worth $3,810,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in International Business Machines by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 91,839,252 shares of the technology company's stock valued at $20,189,023,000 after buying an additional 1,539,888 shares in the last quarter. State Street Corp increased its position in shares of International Business Machines by 2.2% in the 3rd quarter. State Street Corp now owns 55,671,883 shares of the technology company's stock valued at $12,307,940,000 after acquiring an additional 1,200,803 shares during the period. Geode Capital Management LLC raised its stake in shares of International Business Machines by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 20,909,646 shares of the technology company's stock worth $4,589,145,000 after purchasing an additional 427,499 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of International Business Machines by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,665,256 shares of the technology company's stock worth $1,465,223,000 after acquiring an additional 126,547 shares during the period. Finally, Norges Bank acquired a new stake in International Business Machines during the fourth quarter worth about $1,236,176,000. 58.96% of the stock is owned by hedge funds and other institutional investors.
International Business Machines Price Performance
Shares of International Business Machines stock traded down $4.46 on Monday, hitting $223.02. The company's stock had a trading volume of 3,842,566 shares, compared to its average volume of 4,149,545. The company has a market capitalization of $206.80 billion, a P/E ratio of 34.65, a price-to-earnings-growth ratio of 5.81 and a beta of 0.67. International Business Machines Co. has a 52-week low of $162.62 and a 52-week high of $266.45. The firm has a fifty day moving average price of $251.46 and a 200-day moving average price of $232.66. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82.
International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. On average, equities research analysts expect that International Business Machines Co. will post 10.78 earnings per share 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. Shareholders of record on Monday, February 10th were issued 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 3.00%. International Business Machines's dividend payout ratio (DPR) is 104.21%.
Insider Activity
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 owns 45,007 shares of the company's stock, valued at $11,387,221.07. This trade represents a 37.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.18% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on IBM. Morgan Stanley upped their price target on International Business Machines from $217.00 to $228.00 and gave the stock an "equal weight" rating in a report on Thursday, January 30th. BMO Capital Markets raised their target price on International Business Machines from $260.00 to $280.00 and gave the company a "market perform" rating in a research report on Thursday, January 30th. Royal Bank of Canada reiterated an "outperform" rating and set a $250.00 price target on shares of International Business Machines in a research report on Monday, January 27th. UBS Group lifted their price objective on International Business Machines from $150.00 to $160.00 and gave the stock a "sell" rating in a research report on Tuesday, January 14th. Finally, Jefferies Financial Group dropped their target price on shares of International Business Machines from $270.00 to $265.00 and set a "hold" rating for the company in a report on Monday, March 31st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, International Business Machines currently has an average rating of "Hold" and a consensus target price of $231.13.
View Our Latest Report on IBM
International Business Machines Profile
(
Free Report)
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.
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