Advisory Alpha LLC Has $2.31 Million Stake in International Business Machines Corporation $IBM

Advisory Alpha LLC reduced its holdings in International Business Machines Corporation (NYSE:IBM) by 6.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,844 shares of the technology company’s stock after selling 534 shares during the period. Advisory Alpha LLC’s holdings in International Business Machines were worth $2,313,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. SYM FINANCIAL Corp grew its holdings in International Business Machines by 5.2% during the 2nd quarter. SYM FINANCIAL Corp now owns 2,625 shares of the technology company’s stock worth $774,000 after acquiring an additional 130 shares during the period. Facet Wealth Inc. grew its holdings in International Business Machines by 99.0% during the 2nd quarter. Facet Wealth Inc. now owns 5,846 shares of the technology company’s stock worth $1,723,000 after acquiring an additional 2,909 shares during the period. Penobscot Wealth Management grew its holdings in International Business Machines by 4.9% during the 2nd quarter. Penobscot Wealth Management now owns 892 shares of the technology company’s stock worth $263,000 after acquiring an additional 42 shares during the period. Convergence Investment Partners LLC grew its holdings in International Business Machines by 1.4% during the 2nd quarter. Convergence Investment Partners LLC now owns 28,286 shares of the technology company’s stock worth $8,338,000 after acquiring an additional 388 shares during the period. Finally, Bessemer Group Inc. grew its holdings in International Business Machines by 52.1% during the 2nd quarter. Bessemer Group Inc. now owns 893,051 shares of the technology company’s stock worth $263,254,000 after acquiring an additional 305,823 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Up 1.6%

Shares of IBM stock opened at $312.53 on Tuesday. The firm has a fifty day moving average of $267.68 and a 200-day moving average of $264.61. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.97. International Business Machines Corporation has a 12-month low of $203.51 and a 12-month high of $313.50. The company has a market capitalization of $292.13 billion, a price-to-earnings ratio of 37.38, a P/E/G ratio of 4.33 and a beta of 0.73.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.20. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The company had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.10 billion. During the same quarter in the prior year, the firm earned $2.30 earnings per share. The firm’s revenue was up 9.1% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be given a $1.68 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $6.72 annualized dividend and a dividend yield of 2.2%. International Business Machines’s dividend payout ratio is presently 80.38%.

Wall Street Analyst Weigh In

A number of research firms have commented on IBM. Morgan Stanley lowered their target price on shares of International Business Machines from $256.00 to $252.00 and set an “equal weight” rating for the company in a report on Thursday. The Goldman Sachs Group lifted their price target on shares of International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Royal Bank Of Canada reduced their price target on shares of International Business Machines from $315.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, October 23rd. Bank of America lifted their price target on shares of International Business Machines from $310.00 to $315.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Finally, Melius Research raised shares of International Business Machines to a “strong-buy” rating in a research report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $288.00.

International Business Machines Profile

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.