Wellington Management Group LLP Buys 3,206 Shares of International Business Machines Co. (NYSE:IBM)

Wellington Management Group LLP increased its holdings in International Business Machines Co. (NYSE:IBM - Free Report) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 231,021 shares of the technology company's stock after buying an additional 3,206 shares during the period. Wellington Management Group LLP's holdings in International Business Machines were worth $50,785,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tallon Kerry Patrick bought a new stake in shares of International Business Machines during the fourth quarter worth $902,000. Brighton Jones LLC lifted its holdings in International Business Machines by 12.4% in the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock valued at $4,619,000 after buying an additional 2,323 shares during the period. McKinley Carter Wealth Services Inc. acquired a new position in International Business Machines in the fourth quarter valued at $208,000. Hantz Financial Services Inc. lifted its holdings in International Business Machines by 0.9% in the fourth quarter. Hantz Financial Services Inc. now owns 25,842 shares of the technology company's stock valued at $5,681,000 after buying an additional 220 shares during the period. Finally, Milestone Asset Management LLC lifted its holdings in International Business Machines by 54.4% in the fourth quarter. Milestone Asset Management LLC now owns 13,230 shares of the technology company's stock valued at $2,908,000 after buying an additional 4,659 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Robert David Thomas sold 26,543 shares of International Business Machines 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 directly owns 45,007 shares in the company, valued at approximately $11,387,221.07. The trade was a 37.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.18% of the company's stock.

International Business Machines Stock Up 0.1%

Shares of IBM traded up $0.19 on Friday, reaching $258.88. The company's stock had a trading volume of 9,667,740 shares, compared to its average volume of 4,225,756. 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 twelve month low of $163.53 and a twelve month high of $269.28. The stock has a market capitalization of $240.60 billion, a PE ratio of 40.39, a PEG ratio of 5.81 and a beta of 0.64. The firm has a fifty day moving average of $246.37 and a 200-day moving average of $239.81.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.42 by $0.18. The firm had revenue of $14.54 billion during the quarter, compared to analyst estimates of $14.41 billion. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. The company's revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the business posted $1.68 EPS. Equities analysts predict that International Business Machines Co. will post 10.78 EPS 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. Stockholders of record on Friday, May 9th will be given a dividend of $1.68 per share. 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 dividend yield of 2.60%. International Business Machines's dividend payout ratio is currently 115.66%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on IBM. BMO Capital Markets reiterated a "market perform" rating on shares of International Business Machines in a report on Wednesday, April 23rd. Wedbush reiterated an "outperform" rating and set a $300.00 price objective on shares of International Business Machines in a report on Wednesday, May 7th. Royal Bank of Canada upped their price objective on shares of International Business Machines from $276.00 to $285.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. Bank of America upped their price objective on shares of International Business Machines from $260.00 to $270.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Finally, KGI Securities set a $242.00 price objective on shares of International Business Machines and gave the company a "hold" rating in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $249.06.

International Business Machines 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.