Achmea Investment Management B.V. Has $18.58 Million Position in International Business Machines Corp. (NYSE:IBM)

Achmea Investment Management B.V. cut its holdings in International Business Machines Corp. (NYSE:IBM) by 8.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 128,114 shares of the technology company’s stock after selling 11,258 shares during the quarter. International Business Machines makes up 1.1% of Achmea Investment Management B.V.’s holdings, making the stock its 18th biggest holding. Achmea Investment Management B.V.’s holdings in International Business Machines were worth $18,582,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of International Business Machines by 3.7% during the second quarter. Vanguard Group Inc. now owns 62,228,040 shares of the technology company’s stock worth $9,572,538,000 after acquiring an additional 2,241,818 shares during the last quarter. BlackRock Inc. raised its position in shares of International Business Machines by 2.4% during the second quarter. BlackRock Inc. now owns 52,936,360 shares of the technology company’s stock worth $8,143,204,000 after acquiring an additional 1,241,441 shares during the last quarter. Legal & General Group Plc raised its position in shares of International Business Machines by 2.5% during the third quarter. Legal & General Group Plc now owns 4,929,973 shares of the technology company’s stock worth $715,252,000 after acquiring an additional 119,747 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of International Business Machines by 3.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 4,651,213 shares of the technology company’s stock worth $715,497,000 after acquiring an additional 134,862 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in shares of International Business Machines by 14.1% during the third quarter. Nordea Investment Management AB now owns 3,708,439 shares of the technology company’s stock worth $538,020,000 after acquiring an additional 458,392 shares during the last quarter. 57.08% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Frederick H. Waddell acquired 610 shares of the business’s stock in a transaction dated Wednesday, January 31st. The stock was purchased at an average cost of $163.38 per share, for a total transaction of $99,661.80. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.23% of the stock is owned by corporate insiders.

International Business Machines Corp. (NYSE:IBM) opened at $151.40 on Tuesday. The firm has a market capitalization of $140,160.00, a PE ratio of 24.78, a price-to-earnings-growth ratio of 2.19 and a beta of 0.94. The company has a quick ratio of 1.29, a current ratio of 1.33 and a debt-to-equity ratio of 2.25. International Business Machines Corp. has a one year low of $139.13 and a one year high of $182.79.

International Business Machines (NYSE:IBM) last announced its earnings results on Thursday, January 18th. The technology company reported $5.18 earnings per share for the quarter, topping analysts’ consensus estimates of $5.17 by $0.01. The business had revenue of $22.54 billion for the quarter, compared to analyst estimates of $22.03 billion. International Business Machines had a return on equity of 69.48% and a net margin of 7.27%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the company earned $5.01 EPS. equities analysts predict that International Business Machines Corp. will post 13.82 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 10th. Shareholders of record on Friday, February 9th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $6.00 dividend on an annualized basis and a yield of 3.96%. International Business Machines’s dividend payout ratio is currently 98.20%.

IBM has been the subject of a number of research analyst reports. Vetr upgraded International Business Machines from a “buy” rating to a “strong-buy” rating and set a $165.26 target price for the company in a report on Wednesday, November 15th. Zacks Investment Research downgraded International Business Machines from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. Societe Generale set a $149.00 price objective on International Business Machines and gave the company a “sell” rating in a report on Friday, January 19th. KeyCorp restated a “hold” rating on shares of International Business Machines in a report on Friday, November 3rd. Finally, Morgan Stanley lifted their target price on International Business Machines to $198.00 and gave the company an “overweight” rating in a research report on Friday, January 19th. Seven analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have given a buy rating to the stock. International Business Machines presently has an average rating of “Hold” and a consensus price target of $164.37.

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International Business Machines Company Profile

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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