Ilmarinen Mutual Pension Insurance Co Boosts Stake in International Business Machines Co. (NYSE:IBM)

Ilmarinen Mutual Pension Insurance Co grew its stake in shares of International Business Machines Co. (NYSE:IBM) by 35.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 77,168 shares of the technology company’s stock after buying an additional 20,000 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in International Business Machines were worth $16,964,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. JBR Co Financial Management Inc raised its stake in International Business Machines by 0.6% in the 4th quarter. JBR Co Financial Management Inc now owns 6,390 shares of the technology company’s stock valued at $1,405,000 after purchasing an additional 40 shares during the last quarter. Schechter Investment Advisors LLC raised its position in shares of International Business Machines by 0.7% in the fourth quarter. Schechter Investment Advisors LLC now owns 6,351 shares of the technology company’s stock valued at $1,396,000 after buying an additional 43 shares during the last quarter. Callan Capital LLC lifted its stake in shares of International Business Machines by 2.4% during the fourth quarter. Callan Capital LLC now owns 1,870 shares of the technology company’s stock valued at $411,000 after buying an additional 44 shares during the period. Marks Group Wealth Management Inc boosted its position in International Business Machines by 0.4% during the fourth quarter. Marks Group Wealth Management Inc now owns 10,425 shares of the technology company’s stock worth $2,292,000 after acquiring an additional 45 shares during the last quarter. Finally, Tower Wealth Partners Inc. grew its stake in International Business Machines by 1.9% in the 4th quarter. Tower Wealth Partners Inc. now owns 2,376 shares of the technology company’s stock worth $522,000 after acquiring an additional 45 shares during the period. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Stock Down 6.6 %

NYSE IBM opened at $227.31 on Friday. The stock has a market cap of $210.78 billion, a PE ratio of 35.46, a P/E/G ratio of 5.81 and a beta of 0.67. The business has a 50 day moving average price of $251.46 and a two-hundred day moving average price of $232.41. International Business Machines Co. has a fifty-two week low of $162.62 and a fifty-two week high of $266.45. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82.

International Business Machines (NYSE:IBM) last released its quarterly earnings results 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 net margin of 9.60% and a return on equity of 38.99%. As a group, sell-side analysts predict that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date was Monday, February 10th. International Business Machines’s dividend payout ratio is currently 104.21%.

Insider Buying and Selling at International Business Machines

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction on 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 transaction, the senior vice president now directly owns 45,007 shares in the company, valued at $11,387,221.07. This represents a 37.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.18% of the stock is owned by insiders.

Wall Street Analyst Weigh In

IBM has been the topic of several analyst reports. Erste Group Bank upgraded International Business Machines from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Royal Bank of Canada reissued an “outperform” rating and issued a $250.00 price target on shares of International Business Machines in a research note on Monday, January 27th. Jefferies Financial Group cut their price objective on shares of International Business Machines from $270.00 to $265.00 and set a “hold” rating on the stock in a report on Monday, March 31st. The Goldman Sachs Group reaffirmed a “buy” rating on shares of International Business Machines in a research report on Wednesday, February 5th. Finally, Sanford C. Bernstein lifted their price target on shares of International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a report on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, International Business Machines currently has a consensus rating of “Hold” and an average target price of $231.13.

About International Business Machines

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.