International Business Machines Corporation $IBM Shares Bought by Capital World Investors

Capital World Investors boosted its position in shares of International Business Machines Corporation (NYSE:IBM) by 13.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 17,045,156 shares of the technology company’s stock after acquiring an additional 2,077,506 shares during the period. Capital World Investors’ holdings in International Business Machines were worth $4,809,461,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. CFS Investment Advisory Services LLC lifted its stake in shares of International Business Machines by 0.4% in the third quarter. CFS Investment Advisory Services LLC now owns 9,359 shares of the technology company’s stock worth $2,878,000 after buying an additional 34 shares in the last quarter. KPP Advisory Services LLC grew its holdings in shares of International Business Machines by 1.7% in the third quarter. KPP Advisory Services LLC now owns 2,069 shares of the technology company’s stock valued at $584,000 after purchasing an additional 34 shares in the last quarter. Marco Investment Management LLC increased its holdings in International Business Machines by 0.3% during the 3rd quarter. Marco Investment Management LLC now owns 10,774 shares of the technology company’s stock worth $3,040,000 after purchasing an additional 34 shares during the period. MA Private Wealth raised its holdings in shares of International Business Machines by 1.5% in the 3rd quarter. MA Private Wealth now owns 2,242 shares of the technology company’s stock valued at $633,000 after purchasing an additional 34 shares in the last quarter. Finally, Altman Advisors Inc. increased its holdings in shares of International Business Machines by 0.3% in the 3rd quarter. Altman Advisors Inc. now owns 9,929 shares of the technology company’s stock valued at $2,802,000 after acquiring an additional 34 shares during the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Trading Down 2.1%

NYSE:IBM opened at $253.38 on Tuesday. International Business Machines Corporation has a 12-month low of $214.50 and a 12-month high of $324.90. The firm has a market capitalization of $237.68 billion, a P/E ratio of 22.72, a P/E/G ratio of 2.59 and a beta of 0.73. The business has a 50 day simple moving average of $280.69 and a 200 day simple moving average of $284.68. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.96 and a quick ratio of 0.92.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, January 28th. The technology company reported $4.52 earnings per share for the quarter, beating the consensus estimate of $4.33 by $0.19. International Business Machines had a net margin of 15.69% and a return on equity of 38.15%. The company had revenue of $19.69 billion during the quarter, compared to analyst estimates of $19.23 billion. During the same quarter last year, the firm posted $3.92 EPS. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. Equities research analysts predict that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 10th will be paid a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.7%. The ex-dividend date is Tuesday, February 10th. International Business Machines’s dividend payout ratio is currently 60.27%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Argus set a $360.00 price target on shares of International Business Machines in a research report on Friday, January 30th. BMO Capital Markets reissued a “market perform” rating and set a $350.00 price target on shares of International Business Machines in a report on Thursday, January 29th. Wedbush reiterated an “outperform” rating and issued a $340.00 price target on shares of International Business Machines in a report on Tuesday, February 24th. Royal Bank Of Canada set a $361.00 price target on International Business Machines in a research report on Thursday, January 29th. Finally, Sanford C. Bernstein reiterated a “market perform” rating on shares of International Business Machines in a report on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $320.87.

Insider Buying and Selling at International Business Machines

In other news, Director David N. Farr bought 1,000 shares of the stock in a transaction dated Friday, January 30th. The stock was bought at an average cost of $304.00 per share, with a total value of $304,000.00. Following the purchase, the director owned 9,258 shares of the company’s stock, valued at approximately $2,814,432. This represents a 12.11% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael Miebach purchased 434 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The stock was purchased at an average cost of $233.33 per share, with a total value of $101,265.22. Following the acquisition, the director directly owned 434 shares in the company, valued at $101,265.22. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought 1,484 shares of company stock worth $417,157 in the last 90 days. Company insiders own 0.18% of the company’s stock.

International Business Machines Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.