International Business Machines Co. (NYSE:IBM) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its stake in International Business Machines Co. (NYSE:IBM) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,665,256 shares of the technology company’s stock after acquiring an additional 126,547 shares during the period. Charles Schwab Investment Management Inc.’s holdings in International Business Machines were worth $1,465,223,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Tacita Capital Inc raised its holdings in shares of International Business Machines by 174.3% during the fourth quarter. Tacita Capital Inc now owns 192 shares of the technology company’s stock valued at $42,000 after buying an additional 122 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of International Business Machines by 25.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 126,734 shares of the technology company’s stock valued at $27,860,000 after buying an additional 25,457 shares during the last quarter. Schechter Investment Advisors LLC raised its holdings in shares of International Business Machines by 0.7% during 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. Wolfstich Capital LLC bought a new stake in shares of International Business Machines during the fourth quarter valued at approximately $1,528,000. Finally, Wernau Asset Management Inc. bought a new stake in International Business Machines during the fourth quarter worth approximately $586,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Down 1.0 %

Shares of IBM opened at $250.04 on Tuesday. The company has a 50-day simple moving average of $238.93 and a 200-day simple moving average of $224.98. The firm has a market capitalization of $231.85 billion, a P/E ratio of 39.01, a P/E/G ratio of 5.81 and a beta of 0.76. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $265.72.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, beating analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. On average, equities research analysts expect that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be given a dividend of $1.67 per share. The ex-dividend date is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.67%. International Business Machines’s payout ratio is 104.21%.

Analysts Set New Price Targets

Several equities research analysts recently commented on IBM shares. Sanford C. Bernstein boosted their target price 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. Wedbush began coverage on International Business Machines in a report on Monday, February 3rd. They set an “outperform” rating on the stock. The Goldman Sachs Group restated a “buy” rating on shares of International Business Machines in a research report on Wednesday, February 5th. Oppenheimer began coverage on shares of International Business Machines in a research report on Tuesday, February 11th. They issued an “outperform” rating and a $320.00 price target on the stock. Finally, Jefferies Financial Group lifted their price target on shares of International Business Machines from $245.00 to $270.00 and gave the stock a “hold” rating in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $231.44.

Insider Buying and Selling at International Business Machines

In other news, SVP Robert David Thomas sold 26,543 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $253.01, for a total value of $6,715,644.43. Following the completion of the transaction, the senior vice president now owns 45,007 shares in the company, valued at $11,387,221.07. This represents a 37.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.07% of the company’s stock.

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.