Wellington Management Group LLP Has $50.79 Million Stake in International Business Machines Co. (NYSE:IBM)

Wellington Management Group LLP increased its holdings in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 231,021 shares of the technology company's stock after acquiring an additional 3,206 shares during the quarter. Wellington Management Group LLP's holdings in International Business Machines were worth $50,785,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Compass Financial Services Inc acquired a new stake in shares of International Business Machines in the fourth quarter valued at approximately $26,000. Vision Financial Markets LLC acquired a new stake in shares of International Business Machines in the fourth quarter valued at approximately $31,000. Rialto Wealth Management LLC acquired a new stake in shares of International Business Machines in the fourth quarter valued at approximately $35,000. Tacita Capital Inc increased its stake in shares of International Business Machines by 174.3% in the fourth quarter. Tacita Capital Inc now owns 192 shares of the technology company's stock valued at $42,000 after purchasing an additional 122 shares during the period. Finally, Park Square Financial Group LLC acquired a new stake in shares of International Business Machines in the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Price Performance

International Business Machines stock traded up $4.79 during mid-day trading on Monday, hitting $263.85. The company's stock had a trading volume of 2,831,045 shares, compared to its average volume of 4,217,435. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. The stock has a market capitalization of $245.22 billion, a P/E ratio of 41.16, a P/E/G ratio of 5.81 and a beta of 0.64. International Business Machines Co. has a twelve month low of $163.53 and a twelve month high of $269.28. The stock's fifty day moving average price is $246.64 and its two-hundred day moving average price is $240.64.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.18. The firm had revenue of $14.54 billion for 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 firm's quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.68 earnings per share. Research analysts forecast that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th will be given a $1.68 dividend. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a yield of 2.55%. International Business Machines's payout ratio is 115.66%.

Analysts Set New Price Targets

IBM has been the topic of several analyst reports. Oppenheimer initiated coverage on shares of International Business Machines in a research note on Tuesday, February 11th. They issued an "outperform" rating and a $320.00 price target on the stock. BMO Capital Markets restated a "market perform" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Citigroup restated an "outperform" rating on shares of International Business Machines in a research note on Saturday, May 10th. The Goldman Sachs Group restated a "buy" rating on shares of International Business Machines in a research note on Wednesday, February 5th. Finally, Erste Group Bank upgraded shares of International Business Machines from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $249.06.

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.