International Business Machines Co. (NYSE:IBM) Shares Bought by NewEdge Wealth LLC

The Daily Snapshot - IBM
16/04/2024 6 min
International Business Machines Co. (NYSE:IBM) Shares Bought by NewEdge Wealth LLC

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Episode Synopsis

NewEdge Wealth LLC has increased its stake in International Business Machines Co. (IBM) by 64.8% in the fourth quarter, now owning 9,330 shares valued at $1,526,000. Other hedge funds also adjusted their IBM holdings, with positive endorsements from Wall Street analysts, including upgrades and raised price targets. IBM's stock dipped 2.0%, with a current price of $182.27, reflecting a stable financial performance and a consistent dividend payout ratio.

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