Drucker Wealth 3.0 LLC Grows Stock Holdings in International Business Machines Corporation $IBM

Drucker Wealth 3.0 LLC lifted its position in shares of International Business Machines Corporation (NYSE:IBM) by 43.5% during the second quarter, Holdings Channel reports. The institutional investor owned 3,059 shares of the technology company’s stock after purchasing an additional 928 shares during the period. Drucker Wealth 3.0 LLC’s holdings in International Business Machines were worth $887,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Family CFO Inc purchased a new stake in International Business Machines in the 2nd quarter worth $25,000. Christopher J. Hasenberg Inc purchased a new stake in shares of International Business Machines during the 1st quarter valued at about $27,000. SSA Swiss Advisors AG purchased a new stake in shares of International Business Machines during the 1st quarter valued at about $28,000. Dagco Inc. purchased a new stake in shares of International Business Machines during the 1st quarter valued at about $31,000. Finally, Silicon Valley Capital Partners raised its position in shares of International Business Machines by 322.6% during 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 in the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Erste Group Bank downgraded International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. Royal Bank Of Canada increased their price target on International Business Machines from $285.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday, July 17th. Wall Street Zen upgraded International Business Machines from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Stifel Nicolaus increased their target price on shares of International Business Machines from $290.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, July 16th. Finally, Bank of America reduced their target price on shares of International Business Machines from $320.00 to $310.00 and set a “buy” rating on the stock in a research note on Thursday, July 24th. One 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 issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $284.62.

International Business Machines Stock Performance

IBM stock opened at $278.09 on Friday. The firm has a market cap of $258.45 billion, a price-to-earnings ratio of 45.14, a PEG ratio of 4.44 and a beta of 0.73. International Business Machines Corporation has a twelve month low of $203.51 and a twelve month high of $301.04. The business’s fifty day simple moving average is $258.19 and its two-hundred day simple moving average is $260.60. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, topping the consensus estimate of $2.65 by $0.15. The company had revenue of $16.98 billion for the quarter, compared to the consensus estimate of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. Analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were issued a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.4%. The ex-dividend date was Friday, August 8th. International Business Machines’s dividend payout ratio (DPR) is presently 109.09%.

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.