Capital International Sarl Has $15.18 Million Stock Holdings in International Business Machines Corporation $IBM

Capital International Sarl lifted its stake in shares of International Business Machines Corporation (NYSE:IBM) by 375.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 53,804 shares of the technology company’s stock after purchasing an additional 42,493 shares during the quarter. Capital International Sarl’s holdings in International Business Machines were worth $15,181,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of International Business Machines in the 2nd quarter valued at approximately $2,011,122,000. Vanguard Group Inc. raised its position in International Business Machines by 2.1% during the second quarter. Vanguard Group Inc. now owns 95,051,475 shares of the technology company’s stock valued at $28,019,274,000 after purchasing an additional 1,913,708 shares in the last quarter. Laurel Wealth Advisors LLC lifted its stake in International Business Machines by 27,928.2% during the second quarter. Laurel Wealth Advisors LLC now owns 1,903,116 shares of the technology company’s stock worth $561,001,000 after purchasing an additional 1,896,326 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of International Business Machines by 39.6% in the 3rd quarter. First Trust Advisors LP now owns 3,052,880 shares of the technology company’s stock valued at $861,401,000 after purchasing an additional 865,253 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of International Business Machines by 45.8% in the 2nd quarter. Franklin Resources Inc. now owns 1,313,241 shares of the technology company’s stock valued at $387,118,000 after purchasing an additional 412,574 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Down 2.1%

Shares of NYSE:IBM opened at $253.38 on Tuesday. The firm has a market cap 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. International Business Machines Corporation has a 12-month low of $214.50 and a 12-month high of $324.90. The business has a fifty day simple moving average of $280.69 and a 200 day simple moving average of $284.68. 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 released its quarterly earnings results on Wednesday, January 28th. The technology company reported $4.52 EPS for the quarter, beating analysts’ consensus estimates of $4.33 by $0.19. International Business Machines had a return on equity of 38.15% and a net margin of 15.69%.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 previous year, the company posted $3.92 EPS. The business’s revenue was up 12.2% on a year-over-year basis. Analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

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

Insider Activity at International Business Machines

In other news, Director David N. Farr bought 1,000 shares of the stock in a transaction that occurred on Friday, January 30th. The stock was acquired at an average price of $304.00 per share, with a total value of $304,000.00. Following the completion of the purchase, the director directly 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 acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Michael Miebach purchased 434 shares of the business’s stock in a transaction on Wednesday, February 25th. The shares were purchased at an average cost 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 approximately $101,265.22. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have acquired 1,484 shares of company stock valued at $417,157. Company insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on IBM. BMO Capital Markets reaffirmed a “market perform” rating and issued a $350.00 price objective on shares of International Business Machines in a research note on Thursday, January 29th. Sanford C. Bernstein restated a “market perform” rating on shares of International Business Machines in a research note on Wednesday, December 10th. Wall Street Zen cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Sunday, January 11th. DZ Bank upgraded shares of International Business Machines to a “hold” rating in a research report on Wednesday, February 11th. Finally, Erste Group Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. One research 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $320.87.

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.