Glen Eagle Advisors LLC Has $711,000 Stock Position in International Business Machines Co. (NYSE:IBM)

Glen Eagle Advisors LLC grew its stake in shares of International Business Machines Co. (NYSE:IBM) by 44.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,236 shares of the technology company’s stock after purchasing an additional 1,000 shares during the quarter. Glen Eagle Advisors LLC’s holdings in International Business Machines were worth $711,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. White Knight Strategic Wealth Advisors LLC acquired a new position in shares of International Business Machines during the 4th quarter worth approximately $290,000. Mpwm Advisory Solutions LLC acquired a new position in shares of International Business Machines during the 4th quarter worth approximately $258,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of International Business Machines by 9.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,112,092 shares of the technology company’s stock worth $1,783,281,000 after acquiring an additional 722,582 shares during the last quarter. US Financial Advisors LLC increased its holdings in shares of International Business Machines by 32.8% during the 4th quarter. US Financial Advisors LLC now owns 1,230 shares of the technology company’s stock worth $270,000 after acquiring an additional 304 shares during the last quarter. Finally, USS Investment Management Ltd increased its holdings in shares of International Business Machines by 129.9% during the 4th quarter. USS Investment Management Ltd now owns 236,553 shares of the technology company’s stock worth $52,038,000 after acquiring an additional 133,653 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Insider Transactions at International Business Machines

In other news, SVP Robert David Thomas sold 26,543 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the completion of the transaction, the senior vice president now directly owns 45,007 shares in the company, valued at $11,387,221.07. This trade represents a 37.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is owned by corporate insiders.

International Business Machines Price Performance

International Business Machines stock opened at $266.76 on Wednesday. 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 company has a market capitalization of $247.93 billion, a PE ratio of 41.62, a P/E/G ratio of 5.81 and a beta of 0.64. International Business Machines Co. has a 12 month low of $163.53 and a 12 month high of $269.28. The stock has a 50-day moving average price of $244.53 and a two-hundred day moving average price of $237.32.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.42 by $0.18. The firm had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the company earned $1.68 earnings per share. Analysts expect that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th will be given a $1.68 dividend. This is an increase from International Business Machines’s previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a yield of 2.52%. International Business Machines’s dividend payout ratio (DPR) is currently 115.66%.

Wall Street Analyst Weigh In

IBM has been the topic of a number of research reports. Erste Group Bank raised International Business Machines from a “hold” rating to a “strong-buy” rating in a 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 report on Thursday, April 24th. JPMorgan Chase & Co. upped their price objective on International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Morgan Stanley cut their target price on International Business Machines from $237.00 to $233.00 and set an “equal weight” rating for the company in a research report on Thursday, April 24th. Finally, UBS Group reiterated a “sell” rating and set a $170.00 target price (up from $160.00) on shares of International Business Machines in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $249.06.

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.