5,452 Shares in International Business Machines Corporation $IBM Bought by Capital Group Investment Management PTE. LTD.

Capital Group Investment Management PTE. LTD. bought a new stake in International Business Machines Corporation (NYSE:IBM) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,452 shares of the technology company’s stock, valued at approximately $1,538,000.

A number of other large investors have also added to or reduced their stakes in IBM. Brighton Jones LLC raised its stake in shares of International Business Machines by 12.4% during the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock worth $4,619,000 after acquiring an additional 2,323 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in shares of International Business Machines by 10.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,938 shares of the technology company’s stock valued at $571,000 after purchasing an additional 186 shares in the last quarter. Vestmark Advisory Solutions Inc. boosted its stake in shares of International Business Machines by 65.7% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 1,501 shares of the technology company’s stock valued at $443,000 after purchasing an additional 595 shares in the last quarter. Los Angeles Capital Management LLC grew its holdings in shares of International Business Machines by 5.1% during the 2nd quarter. Los Angeles Capital Management LLC now owns 4,750 shares of the technology company’s stock valued at $1,400,000 after purchasing an additional 231 shares during the last quarter. Finally, Global Wealth Management Investment Advisory Inc. bought a new position in shares of International Business Machines during the 2nd quarter valued at $210,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Down 2.1%

Shares of IBM opened at $253.38 on Tuesday. The stock has a market capitalization of $237.68 billion, a P/E ratio of 22.72, a PEG ratio of 2.59 and a beta of 0.73. International Business Machines Corporation has a twelve month low of $214.50 and a twelve 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. The firm has a fifty day simple moving average of $280.69 and a two-hundred day simple moving average of $284.68.

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

International Business Machines Announces Dividend

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

Insider Buying and Selling

In other International Business Machines news, Director Michael Miebach acquired 434 shares of the company’s stock in a transaction on Wednesday, February 25th. The stock was acquired at an average price of $233.33 per share, for a total transaction of $101,265.22. Following the acquisition, the director owned 434 shares in the company, valued at $101,265.22. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director David N. Farr acquired 1,000 shares of the business’s stock in a transaction dated Friday, January 30th. The stock was acquired at an average price of $304.00 per share, for a total transaction of $304,000.00. Following the completion of the transaction, the director owned 9,258 shares in the company, valued at approximately $2,814,432. The trade was a 12.11% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 1,484 shares of company stock valued at $417,157 in the last ninety days. 0.18% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on IBM. Sanford C. Bernstein reissued a “market perform” rating on shares of International Business Machines in a research note on Wednesday, December 10th. Dbs Bank raised International Business Machines from a “hold” rating to a “moderate buy” rating in a research note on Monday, January 19th. Oppenheimer set a $380.00 price objective on International Business Machines and gave the stock an “outperform” rating in a report on Thursday, January 29th. UBS Group upgraded International Business Machines from a “sell” rating to a “neutral” rating and set a $236.00 target price for the company in a report on Wednesday, February 25th. Finally, Royal Bank Of Canada set a $361.00 price target on International Business Machines in a research report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $320.87.

About International Business Machines

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.