Kellett Wealth Advisors LLC Purchases 48 Shares of International Business Machines Corporation $IBM

Kellett Wealth Advisors LLC lifted its position in International Business Machines Corporation (NYSE:IBM) by 4.4% in the second quarter, Holdings Channel.com reports. The institutional investor owned 1,136 shares of the technology company’s stock after buying an additional 48 shares during the period. Kellett Wealth Advisors LLC’s holdings in International Business Machines were worth $335,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Family CFO Inc bought a new position in International Business Machines during the 2nd quarter worth about $25,000. Christopher J. Hasenberg Inc bought a new position in International Business Machines during the 1st quarter worth about $27,000. SSA Swiss Advisors AG bought a new position in International Business Machines during the 1st quarter worth about $28,000. Dagco Inc. bought a new position in International Business Machines during the 1st quarter worth about $31,000. Finally, Silicon Valley Capital Partners increased its holdings in International Business Machines by 322.6% during the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on IBM shares. Wedbush increased their target price on International Business Machines from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, June 20th. Royal Bank Of Canada increased their target price on International Business Machines from $285.00 to $315.00 and gave the stock an “outperform” rating in a report on Thursday, July 17th. Bank of America decreased their price objective on International Business Machines from $320.00 to $310.00 and set a “buy” rating for the company in a report on Thursday, July 24th. Stifel Nicolaus raised their price objective on International Business Machines from $290.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Finally, BMO Capital Markets raised their price objective on International Business Machines from $260.00 to $300.00 and gave the company a “market perform” rating in a report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $284.62.

International Business Machines Trading Down 0.2%

Shares of NYSE:IBM opened at $277.21 on Tuesday. International Business Machines Corporation has a 52-week low of $203.51 and a 52-week high of $301.04. The company has a market capitalization of $257.64 billion, a P/E ratio of 45.00, a price-to-earnings-growth ratio of 4.28 and a beta of 0.73. The company has a 50-day simple moving average of $258.69 and a 200 day simple moving average of $261.01. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.15. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The business had revenue of $16.98 billion during the quarter, compared to the consensus estimate of $16.58 billion. During the same period last year, the business posted $2.43 EPS. International Business Machines’s revenue was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. Sell-side analysts forecast 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 announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were paid a $1.68 dividend. 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 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.