International Business Machines Co. (NYSE:IBM) Shares Bought by Glen Eagle Advisors LLC

Glen Eagle Advisors LLC boosted its position in International Business Machines Co. (NYSE:IBM - Free Report) by 44.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,236 shares of the technology company's stock after acquiring an additional 1,000 shares during the period. Glen Eagle Advisors LLC's holdings in International Business Machines were worth $711,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tallon Kerry Patrick purchased a new stake in International Business Machines in the fourth quarter worth $902,000. MassMutual Private Wealth & Trust FSB grew its position in shares of International Business Machines by 3.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 8,725 shares of the technology company's stock valued at $1,918,000 after purchasing an additional 255 shares in the last quarter. Hoese & Co LLP purchased a new position in shares of International Business Machines in the fourth quarter valued at $78,000. Tudor Financial Inc. bought a new stake in International Business Machines during the fourth quarter valued at $346,000. Finally, Ballentine Partners LLC lifted its stake in International Business Machines by 5.7% during the fourth quarter. Ballentine Partners LLC now owns 20,127 shares of the technology company's stock worth $4,425,000 after purchasing an additional 1,091 shares during the last quarter. Institutional investors own 58.96% of the company's stock.

International Business Machines Stock Performance

IBM stock traded up $0.42 during midday trading on Friday, hitting $258.79. 2,722,620 shares of the stock traded hands, compared to its average volume of 4,215,077. The firm has a market cap of $240.52 billion, a P/E ratio of 40.37, a PEG ratio of 5.81 and a beta of 0.64. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. The stock's fifty day simple moving average is $245.13 and its 200-day simple moving average is $238.36. International Business Machines Co. has a 1-year low of $163.53 and a 1-year high of $269.28.

International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.18. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. The business had revenue of $14.54 billion for the quarter, compared to analyst estimates of $14.41 billion. During the same quarter last year, the business earned $1.68 earnings per share. The company's revenue for the quarter was up .5% compared to the same quarter last year. On average, analysts expect that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 9th will be given a dividend of $1.68 per share. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 dividend on an annualized basis and a yield of 2.60%. International Business Machines's payout ratio is presently 115.66%.

Wall Street Analyst Weigh In

Several research firms have recently commented on IBM. Wall Street Zen downgraded International Business Machines from a "buy" rating to a "hold" rating in a report on Wednesday. Wedbush reiterated an "outperform" rating and issued a $300.00 price objective on shares of International Business Machines in a report on Wednesday, May 7th. Royal Bank of Canada lifted their price objective on International Business Machines from $276.00 to $285.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. Citigroup restated an "outperform" rating on shares of International Business Machines in a report on Saturday, May 10th. Finally, UBS Group restated a "sell" rating and set a $170.00 price target (up previously from $160.00) on shares of International Business Machines in a report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, International Business Machines presently has an average rating of "Hold" and an average target price of $249.06.

Insider Buying and Selling

In other news, SVP Robert David Thomas sold 26,543 shares of the business'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 value of $6,715,644.43. Following the sale, the senior vice president now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is currently owned by company insiders.

About International Business Machines

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.