Fiduciary Alliance LLC Has $1.19 Million Position in International Business Machines Co. (NYSE:IBM)

Fiduciary Alliance LLC grew its holdings in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 104.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,400 shares of the technology company's stock after purchasing an additional 2,757 shares during the period. Fiduciary Alliance LLC's holdings in International Business Machines were worth $1,187,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Hazlett Burt & Watson Inc. grew its stake in shares of International Business Machines by 1,054.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company's stock worth $29,000 after purchasing an additional 116 shares during the last quarter. Hara Capital LLC bought a new position in shares of International Business Machines in the third quarter valued at $29,000. Avondale Wealth Management lifted its position in shares of International Business Machines by 56.0% during the 4th quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock valued at $34,000 after acquiring an additional 56 shares during the last quarter. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of International Business Machines during the 2nd quarter worth $36,000. Finally, Modus Advisors LLC acquired a new position in shares of International Business Machines in the 4th quarter worth $40,000. Institutional investors and hedge funds own 58.96% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. DZ Bank cut International Business Machines from a "buy" rating to a "hold" rating and set a $215.00 price target on the stock. in a research note on Wednesday, October 2nd. Jefferies Financial Group raised their price objective on shares of International Business Machines from $200.00 to $245.00 and gave the stock a "hold" rating in a research note on Monday, October 21st. StockNews.com downgraded shares of International Business Machines from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. The Goldman Sachs Group raised their target price on International Business Machines from $220.00 to $250.00 and gave the stock a "buy" rating in a research report on Monday, September 30th. Finally, Bernstein Bank increased their price objective on International Business Machines from $185.00 to $210.00 and gave the stock a "market perform" rating in a research note on Thursday, October 3rd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, International Business Machines has a consensus rating of "Hold" and a consensus price target of $215.81.

International Business Machines Stock Up 0.1 %

Shares of IBM traded up $0.14 during trading hours on Tuesday, hitting $217.54. 3,485,461 shares of the company were exchanged, compared to its average volume of 3,249,006. The firm's 50 day moving average is $222.14 and its 200-day moving average is $209.84. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $239.35. The company has a market cap of $201.15 billion, a PE ratio of 31.67, a PEG ratio of 5.18 and a beta of 0.74.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, beating the consensus estimate of $2.27 by $0.03. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The company had revenue of $14.97 billion for the quarter, compared to the consensus estimate of $15.08 billion. During the same quarter last year, the company posted $2.20 earnings per share. The company's revenue for the quarter was up 1.5% compared to the same quarter last year. On average, equities research analysts forecast that International Business Machines Co. will post 10.12 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date was Tuesday, November 12th. International Business Machines's dividend payout ratio (DPR) is 97.23%.

Insider Activity

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the completion of the transaction, the senior vice president now owns 25,390 shares of the company's stock, valued at approximately $5,463,928. This represents a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.07% of the stock is currently owned by company insiders.

International Business Machines Company 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.