Brandywine Global Investment Management LLC Reduces Position in International Business Machines Co. (NYSE:IBM)

Brandywine Global Investment Management LLC lessened its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 3.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 857,640 shares of the technology company's stock after selling 34,101 shares during the quarter. International Business Machines comprises about 1.4% of Brandywine Global Investment Management LLC's investment portfolio, making the stock its 12th biggest holding. Brandywine Global Investment Management LLC owned 0.09% of International Business Machines worth $188,535,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Compass Financial Services Inc bought a new stake in International Business Machines during the fourth quarter valued at about $26,000. Vision Financial Markets LLC bought a new stake in shares of International Business Machines in the 4th quarter worth about $31,000. Avondale Wealth Management raised its position in International Business Machines by 56.0% during the fourth quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock valued at $34,000 after purchasing an additional 56 shares during the period. Valued Wealth Advisors LLC lifted its position in International Business Machines by 134.3% in the fourth quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock worth $35,000 after buying an additional 90 shares during the last quarter. Finally, Rialto Wealth Management LLC purchased a new position in shares of International Business Machines during the 4th quarter worth about $35,000. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Transactions at International Business Machines

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the sale, the senior vice president now owns 45,007 shares of the company's stock, valued at approximately $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 can be accessed through this link. Corporate insiders own 0.18% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on IBM. Jefferies Financial Group decreased their price objective on shares of International Business Machines from $270.00 to $265.00 and set a "hold" rating for the company in a report on Monday. Morgan Stanley increased their target price on shares of International Business Machines from $217.00 to $228.00 and gave the company an "equal weight" rating in a research report on Thursday, January 30th. Wedbush began coverage on shares of International Business Machines in a report on Monday, February 3rd. They set an "outperform" rating on the stock. The Goldman Sachs Group restated a "buy" rating on shares of International Business Machines in a research note on Wednesday, February 5th. Finally, Bank of America boosted their price objective on International Business Machines from $260.00 to $270.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, International Business Machines has an average rating of "Hold" and a consensus target price of $231.13.

International Business Machines Stock Up 0.3 %

NYSE:IBM traded up $0.82 during midday trading on Wednesday, reaching $251.16. The company had a trading volume of 1,700,028 shares, compared to its average volume of 4,099,631. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $266.45. The firm has a market capitalization of $232.89 billion, a price-to-earnings ratio of 39.18, a PEG ratio of 5.81 and a beta of 0.74. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The stock's fifty day simple moving average is $250.52 and its 200-day simple moving average is $232.13.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, topping analysts' consensus estimates 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 anticipate that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were issued a $1.67 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.66%. International Business Machines's payout ratio is currently 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.