Ritholtz Wealth Management Has $4.52 Million Stock Position in International Business Machines Corporation $IBM

Key Points

• Ritholtz Wealth Management increased its stake in International Business Machines Corporation (IBM) by 8.6%, bringing their total investment to $4.52 million with 15,322 shares owned.
• IBM reported earnings of $2.80 EPS for the last quarter, exceeding analysts' expectations and reflecting a 7.7% increase in revenue year-over-year.
• The company recently declared a quarterly dividend of $1.68 per share, which represents an annualized yield of 2.4%.

Ritholtz Wealth Management lifted its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 8.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,322 shares of the technology company's stock after purchasing an additional 1,207 shares during the period. Ritholtz Wealth Management's holdings in International Business Machines were worth $4,517,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC grew its position in shares of International Business Machines by 12.4% during the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock worth $4,619,000 after buying an additional 2,323 shares during the period. GAMMA Investing LLC raised its position in shares of International Business Machines by 19.3% in the 1st quarter. GAMMA Investing LLC now owns 17,694 shares of the technology company's stock valued at $4,400,000 after acquiring an additional 2,862 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in International Business Machines by 27.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,158,366 shares of the technology company's stock worth $288,039,000 after acquiring an additional 250,283 shares during the last quarter. Grove Bank & Trust grew its holdings in International Business Machines by 14.1% during the first quarter. Grove Bank & Trust now owns 8,479 shares of the technology company's stock valued at $2,108,000 after purchasing an additional 1,050 shares during the period. Finally, Stephens Consulting LLC increased its stake in International Business Machines by 1.4% in the first quarter. Stephens Consulting LLC now owns 3,879 shares of the technology company's stock valued at $965,000 after purchasing an additional 54 shares in the last quarter. Institutional investors own 58.96% of the company's stock.

International Business Machines Price Performance

IBM stock opened at $276.12 on Wednesday. The stock has a 50-day moving average price of $259.20 and a two-hundred day moving average price of $261.11. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year high of $301.04. The stock has a market cap of $256.63 billion, a PE ratio of 44.83, a price-to-earnings-growth ratio of 4.27 and a beta of 0.73. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, beating analysts' consensus estimates of $2.65 by $0.15. The company had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The company's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. Equities analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were given a dividend of $1.68 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a yield of 2.4%. International Business Machines's dividend payout ratio is 109.09%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Sanford C. Bernstein assumed coverage on shares of International Business Machines in a research report on Monday, September 15th. They set a "market perform" rating and a $280.00 price target on the stock. The Goldman Sachs Group raised their price objective on International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Bank of America reduced their target price on International Business Machines from $320.00 to $310.00 and set a "buy" rating on the stock in a report on Thursday, July 24th. Wall Street Zen upgraded International Business Machines from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Finally, JPMorgan Chase & Co. raised their price target on International Business Machines from $244.00 to $290.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $284.62.

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.

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