Mitsubishi UFJ Trust & Banking Corp Decreases Position in International Business Machines Co. (NYSE:IBM)

Mitsubishi UFJ Trust & Banking Corp cut its holdings in shares of International Business Machines Co. (NYSE:IBM) by 6.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 769,873 shares of the technology company’s stock after selling 50,261 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in International Business Machines were worth $169,241,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. United Bank raised its stake in shares of International Business Machines by 53.3% during the third quarter. United Bank now owns 5,628 shares of the technology company’s stock worth $1,244,000 after purchasing an additional 1,956 shares during the last quarter. Quest Partners LLC raised its position in International Business Machines by 23,700.0% during the 3rd quarter. Quest Partners LLC now owns 238 shares of the technology company’s stock worth $53,000 after buying an additional 237 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of International Business Machines by 23.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 95,529 shares of the technology company’s stock worth $21,120,000 after acquiring an additional 18,340 shares during the period. Great Valley Advisor Group Inc. boosted its holdings in shares of International Business Machines by 1.2% in the third quarter. Great Valley Advisor Group Inc. now owns 14,649 shares of the technology company’s stock valued at $3,239,000 after acquiring an additional 180 shares in the last quarter. Finally, Summit Trail Advisors LLC increased its stake in shares of International Business Machines by 15.9% during the third quarter. Summit Trail Advisors LLC now owns 9,181 shares of the technology company’s stock worth $2,030,000 after acquiring an additional 1,257 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Insider Buying and Selling

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the sale, the senior vice president now directly owns 45,007 shares of the company’s stock, valued at $11,387,221.07. This trade represents a 37.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on IBM shares. Erste Group Bank raised International Business Machines from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Wedbush initiated coverage on International Business Machines in a report on Monday, February 3rd. They issued an “outperform” rating for the company. Sanford C. Bernstein upped their price objective on International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a report on Friday, January 3rd. Oppenheimer assumed coverage on International Business Machines in a report on Tuesday, February 11th. They issued an “outperform” rating and a $320.00 target price for the company. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of International Business Machines in a research note on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $231.44.

International Business Machines Stock Performance

Shares of IBM opened at $248.49 on Tuesday. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $266.45. The stock has a market cap of $230.42 billion, a P/E ratio of 38.77, a PEG ratio of 5.81 and a beta of 0.74. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The company has a 50-day moving average of $247.40 and a two-hundred day moving average of $230.42.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. As a group, research analysts predict that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date was Monday, February 10th. International Business Machines’s payout ratio is currently 104.21%.

International Business Machines Company Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.