Asahi Life Asset Management CO. LTD. Has $2.36 Million Stock Holdings in International Business Machines Co. (NYSE:IBM)

Asahi Life Asset Management CO. LTD. trimmed its position in shares of International Business Machines Co. (NYSE:IBM) by 15.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,726 shares of the technology company’s stock after selling 1,997 shares during the quarter. International Business Machines makes up 1.4% of Asahi Life Asset Management CO. LTD.’s holdings, making the stock its 19th biggest holding. Asahi Life Asset Management CO. LTD.’s holdings in International Business Machines were worth $2,358,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Norden Group LLC boosted its stake in shares of International Business Machines by 1.1% during the fourth quarter. Norden Group LLC now owns 9,711 shares of the technology company’s stock valued at $2,135,000 after purchasing an additional 107 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of International Business Machines by 21.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 9,962 shares of the technology company’s stock worth $2,194,000 after acquiring an additional 1,765 shares during the period. Maia Wealth LLC lifted its stake in shares of International Business Machines by 20.8% in the fourth quarter. Maia Wealth LLC now owns 1,608 shares of the technology company’s stock worth $360,000 after acquiring an additional 277 shares during the period. Capital Wealth Planning LLC lifted its stake in shares of International Business Machines by 3.9% in the fourth quarter. Capital Wealth Planning LLC now owns 2,072,893 shares of the technology company’s stock worth $455,684,000 after acquiring an additional 78,198 shares during the period. Finally, Onefund LLC lifted its stake in shares of International Business Machines by 2.5% in the fourth quarter. Onefund LLC now owns 2,479 shares of the technology company’s stock worth $545,000 after acquiring an additional 60 shares during the period. 58.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

IBM has been the topic of a number of recent analyst reports. Bank of America lifted their price objective on International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. lifted their price objective on International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Sanford C. Bernstein lifted their price objective on International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a research note on Friday, January 3rd. StockNews.com downgraded International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Wedbush assumed coverage on International Business Machines in a report on Monday, February 3rd. They issued an “outperform” rating for the company. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $231.44.

International Business Machines Stock Down 0.2 %

Shares of NYSE:IBM opened at $252.63 on Friday. The stock has a market cap of $234.25 billion, a price-to-earnings ratio of 39.41, a PEG ratio of 5.81 and a beta of 0.76. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $265.72. The business’s 50 day moving average is $238.37 and its 200 day moving average is $224.36.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. On average, sell-side analysts forecast that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be paid a $1.67 dividend. The ex-dividend date is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.64%. International Business Machines’s dividend payout ratio (DPR) is presently 104.21%.

International Business Machines 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.