Mitsubishi UFJ Trust & Banking Corp Sells 50,261 Shares of International Business Machines Co. (NYSE:IBM)

Mitsubishi UFJ Trust & Banking Corp lowered its stake in International Business Machines Co. (NYSE:IBM) by 6.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 769,873 shares of the technology company’s stock after selling 50,261 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.08% of International Business Machines worth $169,241,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. PKS Advisory Services LLC purchased a new position in shares of International Business Machines in the 4th quarter worth approximately $912,000. Syverson Strege & Co boosted its stake in International Business Machines by 14.6% during the fourth quarter. Syverson Strege & Co now owns 2,220 shares of the technology company’s stock worth $488,000 after buying an additional 283 shares during the period. TIAA Trust National Association increased its position in International Business Machines by 1.2% during the fourth quarter. TIAA Trust National Association now owns 108,400 shares of the technology company’s stock valued at $23,830,000 after acquiring an additional 1,244 shares during the last quarter. FineMark National Bank & Trust raised its stake in shares of International Business Machines by 1.6% in the fourth quarter. FineMark National Bank & Trust now owns 9,269 shares of the technology company’s stock valued at $2,038,000 after acquiring an additional 143 shares during the period. Finally, Ashton Thomas Securities LLC raised its stake in shares of International Business Machines by 89.6% in the fourth quarter. Ashton Thomas Securities LLC now owns 2,543 shares of the technology company’s stock valued at $560,000 after acquiring an additional 1,202 shares during the period. 58.96% of the stock is owned by institutional investors.

International Business Machines Stock Performance

Shares of IBM stock opened at $248.49 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $266.45. The company has a market cap of $230.42 billion, a PE ratio of 38.77, a PEG ratio of 5.81 and a beta of 0.74. The business’s fifty day simple moving average is $247.40 and its 200-day simple moving average is $230.42.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, beating 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%. Analysts expect that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts recently commented on IBM shares. JPMorgan Chase & Co. upped their price target on shares of International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. StockNews.com cut International Business Machines from a “buy” rating to a “hold” rating in a research note on Saturday, March 15th. Morgan Stanley raised their price target on International Business Machines from $217.00 to $228.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. Wedbush began coverage on International Business Machines in a research report on Monday, February 3rd. They issued an “outperform” rating on the stock. Finally, Sanford C. Bernstein raised their price target on shares of International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a research note on Friday, January 3rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $231.44.

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 that occurred 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 sale, 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 filing with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is owned by company insiders.

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.