The Manufacturers Life Insurance Company Has $126.32 Million Stake in International Business Machines Co. (NYSE:IBM)

The Manufacturers Life Insurance Company reduced its holdings in International Business Machines Co. (NYSE:IBM - Free Report) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 574,614 shares of the technology company's stock after selling 10,574 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.06% of International Business Machines worth $126,317,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of International Business Machines by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 91,839,252 shares of the technology company's stock valued at $20,189,023,000 after buying an additional 1,539,888 shares in the last quarter. Geode Capital Management LLC increased its position in International Business Machines by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 20,909,646 shares of the technology company's stock valued at $4,589,145,000 after acquiring an additional 427,499 shares in the last quarter. Capital World Investors raised its stake in shares of International Business Machines by 413.5% in the fourth quarter. Capital World Investors now owns 11,984,609 shares of the technology company's stock worth $2,634,577,000 after acquiring an additional 9,650,534 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of International Business Machines by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,665,256 shares of the technology company's stock worth $1,465,223,000 after purchasing an additional 126,547 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of International Business Machines during the fourth quarter worth approximately $1,236,176,000. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Price Performance

Shares of IBM opened at $236.15 on Tuesday. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The firm has a market capitalization of $218.97 billion, a PE ratio of 36.84, a P/E/G ratio of 5.81 and a beta of 0.67. The stock has a 50 day simple moving average of $244.78 and a 200 day simple moving average of $233.94. International Business Machines Co. has a 52-week low of $162.62 and a 52-week high of $266.45.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.18. The business 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% on a year-over-year basis. During the same period last year, the business posted $1.68 earnings per share. Sell-side analysts predict that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

Insider Activity

In other 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 sale, the senior vice president now directly owns 45,007 shares in the company, valued at $11,387,221.07. This trade represents a 37.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.18% of the company's stock.

Wall Street Analyst Weigh In

IBM has been the subject of several research analyst reports. UBS Group restated a "sell" rating and issued a $170.00 price objective (up previously from $160.00) on shares of International Business Machines in a research report on Wednesday, April 23rd. Sanford C. Bernstein boosted their target price on International Business Machines from $210.00 to $215.00 and gave the stock a "market perform" rating in a research report on Friday, January 3rd. Oppenheimer assumed coverage on International Business Machines in a report on Tuesday, February 11th. They issued an "outperform" rating and a $320.00 price target on the stock. Wedbush restated an "outperform" rating and set a $300.00 target price on shares of International Business Machines in a research report on Thursday, April 24th. Finally, Bank of America lifted their price target on shares of International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, International Business Machines has a consensus rating of "Hold" and an average price target of $242.41.

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.

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