International Business Machines Co. (NYSE:IBM) Holdings Lifted by Ritholtz Wealth Management

Ritholtz Wealth Management boosted its position in shares of International Business Machines Co. (NYSE:IBM) by 37.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,857 shares of the technology company’s stock after buying an additional 1,585 shares during the quarter. Ritholtz Wealth Management’s holdings in International Business Machines were worth $781,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in International Business Machines by 3.2% during the first quarter. BlackRock Inc. now owns 64,286,216 shares of the technology company’s stock valued at $8,566,779,000 after buying an additional 2,014,943 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in International Business Machines by 8.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 12,571,878 shares of the technology company’s stock valued at $1,582,548,000 after buying an additional 943,571 shares in the last quarter. Morgan Stanley boosted its stake in International Business Machines by 6.4% during the fourth quarter. Morgan Stanley now owns 9,853,901 shares of the technology company’s stock valued at $1,240,410,000 after buying an additional 592,500 shares in the last quarter. Norges Bank acquired a new position in shares of International Business Machines in the 4th quarter valued at $1,116,008,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of International Business Machines by 1.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,066,979 shares of the technology company’s stock valued at $511,909,000 after purchasing an additional 76,646 shares during the period. 54.96% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE IBM opened at $150.00 on Friday. International Business Machines Co. has a one year low of $105.92 and a one year high of $152.84. The firm has a market cap of $134.03 billion, a price-to-earnings ratio of 25.17, a PEG ratio of 1.69 and a beta of 1.23. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.93 and a quick ratio of 0.88. The business’s 50-day simple moving average is $142.01.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Sunday, April 18th. The technology company reported $1.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.14. International Business Machines had a return on equity of 36.67% and a net margin of 7.28%. The company had revenue of $17.73 billion during the quarter, compared to the consensus estimate of $17.35 billion. During the same period last year, the business earned $1.84 EPS. The business’s quarterly revenue was up .9% on a year-over-year basis. On average, equities research analysts forecast that International Business Machines Co. will post 10.86 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 10th. Stockholders of record on Monday, May 10th were paid a dividend of $1.64 per share. The ex-dividend date was Friday, May 7th. This is an increase from International Business Machines’s previous quarterly dividend of $1.63. This represents a $6.56 dividend on an annualized basis and a dividend yield of 4.37%. International Business Machines’s dividend payout ratio (DPR) is 75.66%.

A number of research firms recently weighed in on IBM. Credit Suisse Group increased their price target on International Business Machines from $160.00 to $165.00 and gave the company an “outperform” rating in a research report on Tuesday, April 20th. Stifel Nicolaus increased their price target on International Business Machines from $147.00 to $151.00 and gave the company a “buy” rating in a research report on Tuesday, April 20th. BMO Capital Markets increased their price target on International Business Machines from $138.00 to $150.00 and gave the company a “market perform” rating in a research report on Tuesday, April 20th. Finally, Morgan Stanley increased their price target on International Business Machines from $150.00 to $152.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $146.00.

About International Business Machines

International Business Machines Corporation provides integrated solutions and services worldwide. Its Cloud & Cognitive Software segment offers software for vertical and domain-specific solutions in health, financial services, supply chain, and asset management, weather, and security software and services application areas; and customer information control system and storage, and analytics and integration software solutions to support client mission critical on-premise workloads in banking, airline, and retail industries.

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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