Twelve Points Wealth Management LLC Has $2.97 Million Stake in International Business Machines Co. (NYSE:IBM)

Twelve Points Wealth Management LLC grew its position in shares of International Business Machines Co. (NYSE:IBMFree Report) by 9.9% in the 4th quarter, Holdings Channel reports. The firm owned 13,500 shares of the technology company’s stock after acquiring an additional 1,221 shares during the quarter. International Business Machines accounts for about 0.9% of Twelve Points Wealth Management LLC’s portfolio, making the stock its 24th largest holding. Twelve Points Wealth Management LLC’s holdings in International Business Machines were worth $2,968,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of IBM. Magnolia Capital Advisors LLC acquired a new stake in International Business Machines in the 2nd quarter valued at $520,000. Northwestern Mutual Wealth Management Co. increased its position in shares of International Business Machines by 2.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 93,058 shares of the technology company’s stock valued at $16,095,000 after acquiring an additional 2,001 shares during the last quarter. Regal Investment Advisors LLC grew its stake in International Business Machines by 2.1% in the 2nd quarter. Regal Investment Advisors LLC now owns 18,938 shares of the technology company’s stock valued at $3,275,000 after purchasing an additional 393 shares during the period. EP Wealth Advisors LLC raised its stake in shares of International Business Machines by 11.3% during the 2nd quarter. EP Wealth Advisors LLC now owns 31,481 shares of the technology company’s stock worth $5,445,000 after purchasing an additional 3,208 shares during the period. Finally, Advisory Alpha LLC boosted its holdings in shares of International Business Machines by 0.8% in the 2nd quarter. Advisory Alpha LLC now owns 7,748 shares of the technology company’s stock worth $1,340,000 after buying an additional 65 shares during the last quarter. 58.96% of the stock is owned by institutional investors.

Insider Activity at International Business Machines

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 sale, the senior vice president now directly owns 25,390 shares in the company, 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 SEC, which can be accessed through the SEC website. 0.07% of the stock is currently owned by corporate insiders.

International Business Machines Stock Performance

Shares of IBM stock opened at $225.34 on Wednesday. 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 moving average price of $224.65 and a 200-day moving average price of $213.14. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16. The firm has a market capitalization of $208.36 billion, a PE ratio of 32.80, a P/E/G ratio of 4.78 and a beta of 0.74.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on IBM shares. Sanford C. Bernstein raised their price target on shares of International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a research note on Friday, January 3rd. UBS Group raised their price target on International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. upped their price target on International Business Machines from $227.00 to $233.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Stifel Nicolaus boosted their price objective on shares of International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Finally, StockNews.com lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, International Business Machines currently has a consensus rating of “Hold” and a consensus price target of $220.40.

Read Our Latest Analysis on IBM

International Business Machines Profile

(Free Report)

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

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