7,259 Shares in International Business Machines Co. (NYSE:IBM) Acquired by Marshall & Sterling Wealth Advisors Inc.

Marshall & Sterling Wealth Advisors Inc. bought a new position in International Business Machines Co. (NYSE:IBM - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 7,259 shares of the technology company's stock, valued at approximately $1,596,000. International Business Machines accounts for about 1.1% of Marshall & Sterling Wealth Advisors Inc.'s investment portfolio, making the stock its 27th biggest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of International Business Machines by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 91,839,252 shares of the technology company's stock valued at $20,189,023,000 after purchasing an additional 1,539,888 shares in the last quarter. Geode Capital Management LLC grew its position in International Business Machines by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 20,909,646 shares of the technology company's stock worth $4,589,145,000 after acquiring an additional 427,499 shares in the last quarter. Capital World Investors boosted its position in shares of International Business Machines by 413.5% during the fourth quarter. Capital World Investors now owns 11,984,609 shares of the technology company's stock valued at $2,634,577,000 after buying an additional 9,650,534 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of International Business Machines by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,665,256 shares of the technology company's stock valued at $1,465,223,000 after buying an additional 126,547 shares during the period. Finally, Norges Bank purchased a new position in shares of International Business Machines during the fourth quarter valued at approximately $1,236,176,000. 58.96% of the stock is owned by institutional investors.

International Business Machines Trading Up 1.3 %

Shares of IBM traded up $3.14 during trading on Tuesday, reaching $239.30. 3,424,555 shares of the company traded hands, compared to its average volume of 4,209,975. International Business Machines Co. has a twelve month low of $162.62 and a twelve month high of $266.45. The stock has a market cap of $221.89 billion, a PE ratio of 37.33, a price-to-earnings-growth ratio of 5.81 and a beta of 0.67. The stock has a 50-day simple moving average of $244.78 and a 200-day simple moving average of $233.94. 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 (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, beating analysts' consensus estimates of $1.42 by $0.18. The firm had revenue of $14.54 billion during the quarter, compared to analysts' expectations of $14.41 billion. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. The business's quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.68 earnings per share. On average, analysts anticipate that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 9th will be paid a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.81%. This is an increase from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's payout ratio is currently 114.97%.

Insider Buying and Selling

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total value 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. The trade was a 37.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on IBM. Morgan Stanley decreased their price target on shares of International Business Machines from $237.00 to $233.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. BMO Capital Markets restated a "market perform" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Erste Group Bank raised International Business Machines from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. KGI Securities set a $242.00 price objective on International Business Machines and gave the company a "hold" rating in a research report on Thursday, April 24th. Finally, StockNews.com raised International Business Machines from a "hold" rating to a "buy" rating in a research report on Thursday, April 24th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $242.41.

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.