FUKOKU MUTUAL LIFE INSURANCE Co Has $25.49 Million Stock Holdings in International Business Machines Co. (NYSE:IBM)

FUKOKU MUTUAL LIFE INSURANCE Co cut its position in International Business Machines Co. (NYSE:IBM) by 1.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 115,310 shares of the technology company’s stock after selling 2,000 shares during the quarter. International Business Machines comprises about 1.8% of FUKOKU MUTUAL LIFE INSURANCE Co’s portfolio, making the stock its 19th biggest holding. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in International Business Machines were worth $25,493,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of IBM. Intellectus Partners LLC lifted its position in International Business Machines by 3.3% during the 3rd quarter. Intellectus Partners LLC now owns 4,953 shares of the technology company’s stock valued at $1,095,000 after acquiring an additional 158 shares during the period. Balboa Wealth Partners boosted its holdings in International Business Machines by 59.9% during the third quarter. Balboa Wealth Partners now owns 2,430 shares of the technology company’s stock worth $537,000 after buying an additional 910 shares in the last quarter. OneDigital Investment Advisors LLC raised its stake in International Business Machines by 17.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 26,017 shares of the technology company’s stock valued at $5,752,000 after purchasing an additional 3,789 shares during the last quarter. Lifeworks Advisors LLC increased its position in shares of International Business Machines by 27.4% during the third quarter. Lifeworks Advisors LLC now owns 30,244 shares of the technology company’s stock valued at $6,686,000 after acquiring an additional 6,513 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. lifted its position in shares of International Business Machines by 7.2% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 25,199 shares of the technology company’s stock worth $5,571,000 after buying an additional 1,690 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

Insider Transactions at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $215.20, for a total value of $774,720.00. Following the sale, the senior vice president now owns 25,390 shares in the company, valued at $5,463,928. The trade was a 12.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.07% of the company’s stock.

Wall Street Analyst Weigh In

IBM has been the topic of several recent analyst reports. DZ Bank cut International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price target on the stock. in a research note on Wednesday, October 2nd. Jefferies Financial Group increased their price target on shares of International Business Machines from $200.00 to $245.00 and gave the company a “hold” rating in a report on Monday, October 21st. BMO Capital Markets boosted their price objective on International Business Machines from $235.00 to $260.00 and gave the stock a “market perform” rating in a research note on Thursday, October 24th. Bank of America upped their target price on shares of International Business Machines from $209.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, Bernstein Bank lifted their target price on shares of International Business Machines from $185.00 to $210.00 and gave the stock a “market perform” rating in a report on Thursday, October 3rd. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, International Business Machines presently has an average rating of “Hold” and a consensus target price of $208.12.

International Business Machines Stock Performance

NYSE:IBM opened at $209.01 on Friday. The firm has a market capitalization of $193.26 billion, a PE ratio of 30.42, a price-to-earnings-growth ratio of 4.74 and a beta of 0.71. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16. International Business Machines Co. has a 12-month low of $150.40 and a 12-month high of $237.37. The firm has a 50-day moving average price of $218.58 and a 200 day moving average price of $193.11.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.03. The business had revenue of $14.97 billion for the quarter, compared to analysts’ expectations of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.20 EPS. Research analysts anticipate that International Business Machines Co. will post 10.11 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be issued a dividend of $1.67 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a yield of 3.20%. International Business Machines’s payout ratio is 97.23%.

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.