NewEdge Advisors LLC Has $60.46 Million Holdings in International Business Machines Co. (NYSE:IBM)

NewEdge Advisors LLC grew its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 136.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 275,024 shares of the technology company's stock after acquiring an additional 158,670 shares during the period. NewEdge Advisors LLC's holdings in International Business Machines were worth $60,458,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $276.00 price objective on shares of International Business Machines in a research note on Monday, April 14th. UBS Group boosted their price target on International Business Machines from $150.00 to $160.00 and gave the stock a "sell" rating in a research report on Tuesday, January 14th. BMO Capital Markets increased their price objective on International Business Machines from $260.00 to $280.00 and gave the company a "market perform" rating in a report on Thursday, January 30th. StockNews.com lowered International Business Machines from a "buy" rating to a "hold" rating in a report on Saturday, March 15th. Finally, Wedbush assumed coverage on International Business Machines in a report on Monday, February 3rd. They set an "outperform" rating on the stock. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, International Business Machines has a consensus rating of "Hold" and an average target price of $232.75.

International Business Machines Stock Performance

Shares of NYSE:IBM traded down $0.12 during trading on Friday, hitting $238.45. 4,626,569 shares of the stock were exchanged, compared to its average volume of 4,227,391. The company's fifty day simple moving average is $247.61 and its 200-day simple moving average is $233.49. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The company has a market capitalization of $221.10 billion, a price-to-earnings ratio of 37.20, a price-to-earnings-growth ratio of 5.81 and a beta of 0.67. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $266.45.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly 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 net margin of 9.60% and a return on equity of 38.99%. Sell-side analysts expect that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were given a dividend of $1.67 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $6.68 annualized dividend and a dividend yield of 2.80%. International Business Machines's dividend payout ratio (DPR) is presently 104.21%.

Insider Buying and Selling at International Business Machines

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $253.01, for a total value of $6,715,644.43. Following the transaction, the senior vice president now directly owns 45,007 shares in the company, valued at $11,387,221.07. The trade was a 37.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.18% of the company's stock.

International Business Machines Company 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.