Waldron Private Wealth LLC Buys 286 Shares of International Business Machines Co. (NYSE:IBM)

Waldron Private Wealth LLC increased its position in shares of International Business Machines Co. (NYSE:IBM) by 3.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 8,439 shares of the technology company’s stock after purchasing an additional 286 shares during the quarter. Waldron Private Wealth LLC’s holdings in International Business Machines were worth $1,855,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IBM. Meeder Asset Management Inc. raised its stake in shares of International Business Machines by 40.9% in the third quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company’s stock valued at $126,000 after purchasing an additional 166 shares in the last quarter. Brady Martz Wealth Solutions LLC bought a new position in shares of International Business Machines during the 4th quarter worth about $1,940,000. Philip James Wealth Mangement LLC acquired a new stake in shares of International Business Machines during the 3rd quarter valued at about $5,117,000. Nordea Investment Management AB increased its stake in International Business Machines by 6.5% in the fourth quarter. Nordea Investment Management AB now owns 75,638 shares of the technology company’s stock valued at $16,615,000 after acquiring an additional 4,625 shares during the period. Finally, M.E. Allison & CO. Inc. acquired a new position in shares of International Business Machines in the 4th quarter worth approximately $1,034,000. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Stock Performance

Shares of NYSE:IBM opened at $255.48 on Friday. The firm’s 50 day simple moving average is $225.96 and its 200 day simple moving average is $213.86. International Business Machines Co. has a fifty-two week low of $162.62 and a fifty-two week high of $261.80. The company has a market capitalization of $236.23 billion, a price-to-earnings ratio of 39.86, a P/E/G ratio of 4.25 and a beta of 0.74. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, topping 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 40.37%. As a group, sell-side analysts forecast that International Business Machines Co. will post 10.54 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be issued a $1.67 dividend. The ex-dividend date is Monday, February 10th. This represents a $6.68 annualized dividend and a dividend yield of 2.61%. International Business Machines’s dividend payout ratio (DPR) is currently 104.21%.

Analysts Set New Price Targets

IBM has been the topic of a number of analyst reports. Sanford C. Bernstein upped their price target on International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a research report on Friday, January 3rd. Morgan Stanley increased their price target on International Business Machines from $217.00 to $228.00 and gave the stock an “equal weight” rating in a research report on Thursday. BMO Capital Markets lifted their price objective on International Business Machines from $260.00 to $280.00 and gave the company a “market perform” rating in a research report on Thursday. Royal Bank of Canada restated an “outperform” rating and set a $250.00 target price on shares of International Business Machines in a report on Monday, January 27th. Finally, Jefferies Financial Group lifted their price target on International Business Machines from $245.00 to $270.00 and gave the company a “hold” rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, International Business Machines currently has an average rating of “Hold” and an average target price of $225.53.

Insider Activity

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $215.20, for a total value of $774,720.00. Following the sale, the senior vice president now directly owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. The trade was a 12.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.07% of the stock is currently owned by company insiders.

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.