California State Teachers Retirement System Cuts Stock Holdings in International Business Machines Co. (NYSE:IBM)

California State Teachers Retirement System lessened its position in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,468,286 shares of the technology company's stock after selling 44,461 shares during the quarter. California State Teachers Retirement System owned 0.16% of International Business Machines worth $322,773,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. JBR Co Financial Management Inc increased 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 worth $1,405,000 after buying an additional 40 shares in the last quarter. Wealth Dimensions Group Ltd. grew its position in shares of International Business Machines by 1.0% during the fourth quarter. Wealth Dimensions Group Ltd. now owns 3,972 shares of the technology company's stock worth $873,000 after purchasing an additional 40 shares in the last quarter. Schechter Investment Advisors LLC raised its stake in International Business Machines by 0.7% during the 4th quarter. Schechter Investment Advisors LLC now owns 6,351 shares of the technology company's stock valued at $1,396,000 after purchasing an additional 43 shares during the period. Titleist Asset Management LLC lifted its holdings in International Business Machines by 3.1% in the 4th quarter. Titleist Asset Management LLC now owns 1,431 shares of the technology company's stock worth $315,000 after purchasing an additional 43 shares in the last quarter. Finally, Callan Capital LLC boosted its stake in International Business Machines by 2.4% in the 4th quarter. Callan Capital LLC now owns 1,870 shares of the technology company's stock worth $411,000 after purchasing an additional 44 shares during the period. Institutional investors own 58.96% of the company's stock.

Insider Transactions at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total value of $6,715,644.43. Following the transaction, the senior vice president now owns 45,007 shares of the company's stock, valued at $11,387,221.07. This represents a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.18% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on IBM. Bank of America boosted their target price on shares of International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. StockNews.com cut shares of International Business Machines from a "buy" rating to a "hold" rating in a research note on Friday. Royal Bank of Canada restated an "outperform" rating and set a $276.00 price objective on shares of International Business Machines in a research report on Monday, April 14th. Wedbush reiterated an "outperform" rating and issued a $300.00 target price on shares of International Business Machines in a research report on Thursday, April 24th. Finally, Oppenheimer assumed coverage on International Business Machines in a research note on Tuesday, February 11th. They issued an "outperform" rating and a $320.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, International Business Machines has a consensus rating of "Hold" and an average price target of $242.41.

International Business Machines Trading Up 1.9 %

NYSE IBM traded up $4.60 during trading on Friday, hitting $244.26. The stock had a trading volume of 1,729,598 shares, compared to its average volume of 4,989,040. International Business Machines Co. has a one year low of $163.53 and a one year high of $266.45. The stock has a 50 day simple moving average of $243.42 and a 200 day simple moving average of $234.06. The stock has a market capitalization of $226.50 billion, a price-to-earnings ratio of 38.11, a P/E/G ratio of 5.81 and a beta of 0.67. 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 (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.42 by $0.18. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The company had revenue of $14.54 billion during the quarter, compared to analysts' expectations of $14.41 billion. During the same quarter in the previous year, the business earned $1.68 EPS. International Business Machines's revenue was up .5% compared to the same quarter last year. Sell-side analysts predict that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th will be paid a $1.68 dividend. This is an increase from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 dividend on an annualized basis and a yield of 2.75%. International Business Machines's dividend payout ratio is currently 114.97%.

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.