Ritholtz Wealth Management Has $2.58 Million Stock Holdings in International Business Machines Co. (NYSE:IBM)

Ritholtz Wealth Management raised its holdings in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 10.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,753 shares of the technology company's stock after purchasing an additional 1,157 shares during the period. Ritholtz Wealth Management's holdings in International Business Machines were worth $2,584,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in IBM. Hazlett Burt & Watson Inc. lifted its position in International Business Machines by 1,054.5% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company's stock valued at $29,000 after purchasing an additional 116 shares during the period. Hara Capital LLC acquired a new position in International Business Machines during the 3rd quarter valued at about $29,000. Avondale Wealth Management lifted its position in 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 purchasing an additional 56 shares during the period. Oliver Lagore Vanvalin Investment Group acquired a new position in International Business Machines during the 2nd quarter valued at about $36,000. Finally, Modus Advisors LLC acquired a new position in International Business Machines during the 4th quarter valued at about $40,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the completion of the sale, 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.07% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on IBM. Jefferies Financial Group upped their price target on International Business Machines from $200.00 to $245.00 and gave the company a "hold" rating in a research note on Monday, October 21st. Morgan Stanley upped their price target on International Business Machines from $208.00 to $222.00 and gave the company an "equal weight" rating in a research note on Monday, December 16th. UBS Group upped their price target on International Business Machines from $150.00 to $160.00 and gave the company a "sell" rating in a research note on Tuesday. BMO Capital Markets upped their price target on International Business Machines from $235.00 to $260.00 and gave the company a "market perform" rating in a research note on Thursday, October 24th. Finally, Bernstein Bank upped their price target on International Business Machines from $185.00 to $210.00 and gave the company a "market perform" rating in a research note on Thursday, October 3rd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $215.81.

International Business Machines Stock Up 0.9 %

Shares of IBM traded up $2.07 during mid-day trading on Friday, hitting $224.73. 5,481,686 shares of the company's stock were exchanged, compared to its average volume of 2,994,162. The company has a market cap of $207.80 billion, a PE ratio of 32.71, a P/E/G ratio of 4.71 and a beta of 0.74. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $239.35. The company has a 50-day simple moving average of $222.87 and a 200 day simple moving average of $210.66. 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 - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.03. The company had revenue of $14.97 billion during the quarter, compared to analysts' expectations of $15.08 billion. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The business's quarterly revenue was up 1.5% on a year-over-year basis. During the same period last year, the business earned $2.20 EPS. On average, research analysts forecast that International Business Machines Co. will post 10.16 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were issued a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.97%. The ex-dividend date was Tuesday, November 12th. International Business Machines's payout ratio is presently 97.23%.

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.