Bank of Jackson Hole Trust Has $143,000 Holdings in International Business Machines Corporation $IBM

Bank of Jackson Hole Trust boosted its holdings in International Business Machines Corporation (NYSE:IBM) by 24.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 484 shares of the technology company’s stock after buying an additional 95 shares during the quarter. Bank of Jackson Hole Trust’s holdings in International Business Machines were worth $143,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of IBM. Family CFO Inc acquired a new stake in International Business Machines in the second quarter valued at about $25,000. Christopher J. Hasenberg Inc acquired a new stake in International Business Machines in the first quarter valued at about $27,000. SSA Swiss Advisors AG acquired a new stake in shares of International Business Machines during the first quarter valued at about $28,000. Dagco Inc. acquired a new stake in shares of International Business Machines during the first quarter valued at about $31,000. Finally, Silicon Valley Capital Partners boosted its stake in shares of International Business Machines by 322.6% during the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock valued at $32,000 after purchasing an additional 100 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on IBM. UBS Group lifted their price target on International Business Machines from $200.00 to $210.00 and gave the company a “sell” rating in a research note on Thursday, October 23rd. Weiss Ratings raised International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research note on Saturday, October 25th. Jefferies Financial Group lifted their price target on International Business Machines from $280.00 to $305.00 and gave the company a “hold” rating in a research note on Tuesday, October 21st. Melius Research raised International Business Machines to a “strong-buy” rating in a research note on Monday, July 7th. Finally, Wall Street Zen raised International Business Machines from a “hold” rating to a “buy” rating in a research note on Sunday. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, International Business Machines presently has an average rating of “Moderate Buy” and a consensus price target of $288.00.

International Business Machines Trading Down 1.4%

Shares of IBM stock opened at $308.17 on Thursday. The company has a market cap of $288.05 billion, a P/E ratio of 36.86, a PEG ratio of 4.39 and a beta of 0.73. The stock has a 50 day simple moving average of $270.43 and a two-hundred day simple moving average of $265.70. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.89 and a current ratio of 0.93. International Business Machines Corporation has a fifty-two week low of $203.51 and a fifty-two week high of $319.35.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.45 by $0.20. The business had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.10 billion. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.30 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. Research analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

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

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.