Capital International Inc. CA Acquires 35,659 Shares of International Business Machines Corporation $IBM

Capital International Inc. CA lifted its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 48.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 109,773 shares of the technology company’s stock after purchasing an additional 35,659 shares during the quarter. Capital International Inc. CA’s holdings in International Business Machines were worth $30,974,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Winnow Wealth LLC bought a new position in International Business Machines in the second quarter valued at approximately $27,000. Mountain Hill Investment Partners Corp. bought a new stake in International Business Machines in the 3rd quarter valued at $28,000. Trifecta Capital Advisors LLC raised its stake in shares of International Business Machines by 129.1% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 126 shares of the technology company’s stock valued at $36,000 after purchasing an additional 71 shares during the period. American Wealth Advisors LLC bought a new position in shares of International Business Machines during the third quarter worth about $40,000. Finally, Davis Capital Management acquired a new stake in International Business Machines in the 3rd quarter valued at approximately $54,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Stifel Nicolaus upped their price target on International Business Machines from $325.00 to $340.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Erste Group Bank lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Weiss Ratings reissued a “buy (b)” rating on shares of International Business Machines in a research report on Thursday, January 22nd. Sanford C. Bernstein reiterated a “market perform” rating on shares of International Business Machines in a report on Wednesday, December 10th. Finally, UBS Group raised International Business Machines from a “sell” rating to a “neutral” rating and set a $236.00 price target on the stock in a research report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $320.87.

International Business Machines Trading Down 2.1%

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

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, January 28th. The technology company reported $4.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $19.69 billion for the quarter, compared to analyst estimates of $19.23 billion. During the same quarter in the prior year, the business posted $3.92 EPS. The business’s revenue was up 12.2% compared to the same quarter last year. As a group, equities research analysts forecast that International Business Machines Corporation will post 10.78 earnings per share 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 issued a $1.68 dividend. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $6.72 annualized dividend and a yield of 2.7%. International Business Machines’s payout ratio is currently 60.27%.

Insiders Place Their Bets

In related news, Director David N. Farr bought 1,000 shares of the business’s stock in a transaction dated Friday, January 30th. The stock was purchased at an average cost of $304.00 per share, for a total transaction of $304,000.00. Following the transaction, the director owned 9,258 shares in the company, valued at $2,814,432. The trade was a 12.11% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Miebach purchased 434 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The stock was bought at an average price of $233.33 per share, for a total transaction of $101,265.22. Following the transaction, the director directly owned 434 shares of the company’s stock, valued at $101,265.22. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have bought 1,484 shares of company stock valued at $417,157. Corporate 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.