Lansforsakringar Fondforvaltning AB publ Increases Stock Holdings in International Business Machines Corporation $IBM

Lansforsakringar Fondforvaltning AB publ increased its position in shares of International Business Machines Corporation (NYSE:IBM) by 1.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 290,836 shares of the technology company’s stock after purchasing an additional 5,475 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in International Business Machines were worth $82,062,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of IBM. Vanguard Group Inc. lifted its holdings in International Business Machines by 0.8% in the third quarter. Vanguard Group Inc. now owns 95,776,307 shares of the technology company’s stock valued at $27,024,243,000 after acquiring an additional 724,832 shares during the last quarter. State Street Corp increased its stake in International Business Machines by 0.3% during the second quarter. State Street Corp now owns 54,536,963 shares of the technology company’s stock worth $16,076,406,000 after acquiring an additional 147,721 shares during the last quarter. Geode Capital Management LLC raised its position in International Business Machines by 1.9% in the second quarter. Geode Capital Management LLC now owns 21,936,235 shares of the technology company’s stock valued at $6,444,527,000 after purchasing an additional 400,131 shares during the period. Legal & General Group Plc lifted its stake in shares of International Business Machines by 3.4% in the 2nd quarter. Legal & General Group Plc now owns 7,126,503 shares of the technology company’s stock valued at $2,100,751,000 after purchasing an additional 234,318 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of International Business Machines during the 2nd quarter worth $2,011,122,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director David N. Farr acquired 1,000 shares of the stock in a transaction dated Friday, January 30th. The stock was acquired at an average cost of $304.00 per share, with a total value of $304,000.00. Following the completion of the transaction, the director owned 9,258 shares in the company, valued at $2,814,432. This represents a 12.11% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.18% of the company’s stock.

International Business Machines Stock Performance

Shares of IBM stock opened at $257.20 on Friday. The firm has a 50 day moving average of $294.08 and a two-hundred day moving average of $284.23. The stock has a market capitalization of $240.41 billion, a PE ratio of 23.07, a P/E/G ratio of 2.58 and a beta of 0.69. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 1.67. International Business Machines Corporation has a 52 week low of $214.50 and a 52 week high of $324.90.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, January 28th. The technology company reported $4.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.33 by $0.19. The business had revenue of $19.69 billion for the quarter, compared to analysts’ expectations of $19.23 billion. International Business Machines had a return on equity of 38.15% and a net margin of 15.69%.The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the firm earned $3.92 earnings per share. On average, research analysts predict that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 10th will be paid a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Tuesday, February 10th. International Business Machines’s dividend payout ratio (DPR) is presently 60.27%.

Wall Street Analysts Forecast Growth

IBM has been the topic of a number of recent analyst reports. DZ Bank raised shares of International Business Machines to a “hold” rating in a research report on Wednesday, February 11th. Stifel Nicolaus upped their price objective on shares of International Business Machines from $325.00 to $340.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Jefferies Financial Group increased their price objective on shares of International Business Machines from $360.00 to $370.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Evercore boosted their target price on International Business Machines from $330.00 to $345.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. Finally, Argus set a $360.00 price target on International Business Machines in a research report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $330.07.

About International Business Machines

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.