Oregon Public Employees Retirement Fund Boosts Stock Holdings in International Business Machines Co. (NYSE:IBM)


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Oregon Public Employees Retirement Fund grew its position in shares of International Business Machines Co. (NYSE:IBM) by 2.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 474,744 shares of the technology company’s stock after purchasing an additional 11,925 shares during the period. International Business Machines comprises 0.8% of Oregon Public Employees Retirement Fund’s investment portfolio, making the stock its 22nd largest position. Oregon Public Employees Retirement Fund’s holdings in International Business Machines were worth $59,761,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of International Business Machines by 2.2% during the fourth quarter. BlackRock Inc. now owns 62,271,273 shares of the technology company’s stock valued at $7,838,709,000 after buying an additional 1,324,858 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in International Business Machines by 3.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 11,628,307 shares of the technology company’s stock valued at $1,414,817,000 after purchasing an additional 394,178 shares during the period. Morgan Stanley lifted its position in International Business Machines by 7.7% during the third quarter. Morgan Stanley now owns 9,261,401 shares of the technology company’s stock valued at $1,126,834,000 after purchasing an additional 658,340 shares during the period. Nuveen Asset Management LLC lifted its position in International Business Machines by 5.9% during the third quarter. Nuveen Asset Management LLC now owns 4,017,950 shares of the technology company’s stock valued at $488,864,000 after purchasing an additional 224,610 shares during the period. Finally, First Trust Advisors LP lifted its position in International Business Machines by 8.1% during the fourth quarter. First Trust Advisors LP now owns 3,232,148 shares of the technology company’s stock valued at $406,863,000 after purchasing an additional 241,076 shares during the period. Hedge funds and other institutional investors own 55.67% of the company’s stock.

International Business Machines stock traded down $0.03 during midday trading on Tuesday, reaching $120.83. 90,904 shares of the company traded hands, compared to its average volume of 7,582,878. The firm has a market capitalization of $107.67 billion, a price-to-earnings ratio of 13.69, a price-to-earnings-growth ratio of 3.36 and a beta of 1.25. The business has a 50 day moving average of $123.45 and a two-hundred day moving average of $122.33. International Business Machines Co. has a 12 month low of $90.56 and a 12 month high of $148.05. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.05 and a quick ratio of 1.00.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, January 20th. The technology company reported $2.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.79 by $0.28. International Business Machines had a net margin of 10.53% and a return on equity of 48.69%. During the same quarter in the prior year, the business earned $4.71 EPS. As a group, equities analysts forecast that International Business Machines Co. will post 8.73 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 10th. Shareholders of record on Wednesday, February 10th will be given a $1.63 dividend. The ex-dividend date of this dividend is Tuesday, February 9th. This represents a $6.52 annualized dividend and a yield of 5.40%. International Business Machines’s payout ratio is presently 50.90%.

About International Business Machines

International Business Machines Corporation provides integrated solutions and services worldwide. Its Cloud & Cognitive Software segment offers software for vertical and domain-specific solutions in health, financial services, and Internet of Things (IoT), weather, and security software and services application areas; and customer information control system and storage, and analytics and integration software solutions to support client mission critical on-premise workloads in banking, airline, and retail industries.

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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