Oak Hill Wealth Advisors LLC Has $1.57 Million Holdings in International Business Machines Corporation $IBM

Oak Hill Wealth Advisors LLC cut its stake in International Business Machines Corporation (NYSE:IBM) by 12.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,394 shares of the technology company’s stock after selling 781 shares during the period. Oak Hill Wealth Advisors LLC’s holdings in International Business Machines were worth $1,566,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Family CFO Inc bought a new stake in International Business Machines during the 2nd quarter worth approximately $25,000. Christopher J. Hasenberg Inc bought a new position in International Business Machines in the 1st quarter valued at $27,000. SSA Swiss Advisors AG bought a new position in International Business Machines in the 1st quarter valued at $28,000. Dagco Inc. bought a new position in International Business Machines in the 1st quarter valued at $31,000. Finally, Silicon Valley Capital Partners boosted its position in International Business Machines by 322.6% in the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock valued at $32,000 after buying an additional 100 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Price Performance

NYSE:IBM opened at $288.62 on Friday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91. The stock’s 50-day simple moving average is $255.18 and its 200 day simple moving average is $259.22. The company has a market cap of $268.25 billion, a P/E ratio of 46.85, a P/E/G ratio of 4.41 and a beta of 0.73. International Business Machines Corporation has a 52-week low of $203.51 and a 52-week high of $296.16.

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

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were issued a dividend of $1.68 per share. The ex-dividend date was Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a yield of 2.3%. International Business Machines’s dividend payout ratio (DPR) is presently 109.09%.

Wall Street Analyst Weigh In

A number of brokerages have commented on IBM. Bank of America decreased their price objective on International Business Machines from $320.00 to $310.00 and set a “buy” rating on the stock in a research report on Thursday, July 24th. JPMorgan Chase & Co. increased their price target on International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. The Goldman Sachs Group increased their price target on International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Sanford C. Bernstein began coverage on International Business Machines in a research note on Monday, September 15th. They issued a “market perform” rating and a $280.00 price target on the stock. Finally, UBS Group increased their price target on International Business Machines from $195.00 to $200.00 and gave the company a “sell” rating in a research note on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus 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.