Mitsubishi UFJ Trust & Banking Corp Sells 16,054 Shares of International Business Machines Corporation (NYSE:IBM)

Key Points

• Mitsubishi UFJ Trust & Banking Corp reduced its holdings in International Business Machines Corporation (IBM) by 2.1%, now owning approximately 753,819 shares worth about $187 million.
• Several hedge funds increased their positions in IBM, with Capital World Investors raising its stake by an impressive 413.5% in the fourth quarter.
• IBM reported a net margin of 9.11% and a return on equity of 37.62% in its latest earnings report, surpassing analysts' expectations with $2.80 EPS.

Mitsubishi UFJ Trust & Banking Corp trimmed its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 2.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 753,819 shares of the technology company's stock after selling 16,054 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.08% of International Business Machines worth $187,445,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Capital World Investors grew its position in International Business Machines by 413.5% during the fourth quarter. Capital World Investors now owns 11,984,609 shares of the technology company's stock valued at $2,634,577,000 after acquiring an additional 9,650,534 shares during the last quarter. GAMMA Investing LLC grew its position in International Business Machines by 29,564.2% during the first quarter. GAMMA Investing LLC now owns 4,399,790 shares of the technology company's stock valued at $10,940,520,000 after acquiring an additional 4,384,958 shares during the last quarter. Northern Trust Corp grew its position in International Business Machines by 18.6% during the fourth quarter. Northern Trust Corp now owns 10,845,993 shares of the technology company's stock valued at $2,384,275,000 after acquiring an additional 1,704,209 shares during the last quarter. Castlekeep Investment Advisors LLC bought a new position in International Business Machines during the fourth quarter valued at approximately $302,564,000. Finally, First Trust Advisors LP grew its position in International Business Machines by 26.4% during the fourth quarter. First Trust Advisors LP now owns 4,023,989 shares of the technology company's stock valued at $884,593,000 after acquiring an additional 840,064 shares during the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. JPMorgan Chase & Co. increased their price target on shares of International Business Machines from $244.00 to $290.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Morgan Stanley reduced their price target on shares of International Business Machines from $237.00 to $233.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Royal Bank Of Canada increased their price objective on International Business Machines from $285.00 to $315.00 and gave the company an "outperform" rating in a research note on Thursday, July 17th. UBS Group increased their price objective on International Business Machines from $195.00 to $200.00 and gave the company a "sell" rating in a research note on Thursday, July 24th. Finally, The Goldman Sachs Group increased their price objective on International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, International Business Machines currently has a consensus rating of "Moderate Buy" and an average price target of $268.75.

International Business Machines Stock Down 1.2%

International Business Machines stock traded down $3.12 on Friday, hitting $250.03. 9,664,181 shares of the stock traded hands, compared to its average volume of 5,033,579. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. The firm has a market cap of $232.38 billion, a P/E ratio of 40.59, a price-to-earnings-growth ratio of 3.86 and a beta of 0.69. The business's fifty day simple moving average is $277.20 and its 200 day simple moving average is $257.36. International Business Machines Corporation has a 1 year low of $181.81 and a 1 year high of $296.16.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.15. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%. The firm had revenue of $16.98 billion during the quarter, compared to the consensus estimate of $16.58 billion. During the same period last year, the company earned $2.43 earnings per share. The company's revenue was up 7.7% on a year-over-year basis. As a group, sell-side analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current year.

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.