Diversified Portfolios Inc. Purchases New Position in International Business Machines Corporation $IBM

Diversified Portfolios Inc. acquired a new position in shares of International Business Machines Corporation (NYSE:IBM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 687 shares of the technology company’s stock, valued at approximately $203,000.

Several other large investors have also recently bought and sold shares of the company. Purus Wealth Management LLC bought a new position in shares of International Business Machines during the second quarter worth $335,000. Inspire Advisors LLC lifted its holdings in International Business Machines by 68.3% during the second quarter. Inspire Advisors LLC now owns 6,471 shares of the technology company’s stock worth $1,908,000 after acquiring an additional 2,625 shares in the last quarter. United Advisor Group LLC grew its stake in International Business Machines by 5.5% in the second quarter. United Advisor Group LLC now owns 4,664 shares of the technology company’s stock valued at $1,375,000 after acquiring an additional 243 shares during the period. First American Trust FSB acquired a new position in International Business Machines in the second quarter valued at about $266,000. Finally, Empowered Funds LLC increased its holdings in shares of International Business Machines by 85.8% in the second quarter. Empowered Funds LLC now owns 96,395 shares of the technology company’s stock worth $28,415,000 after acquiring an additional 44,512 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on IBM. Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Royal Bank Of Canada dropped their target price on shares of International Business Machines from $315.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, October 23rd. Wall Street Zen raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Sunday, October 26th. Sanford C. Bernstein started coverage on shares of International Business Machines in a research report on Monday, September 15th. They set a “market perform” rating and a $280.00 price objective for the company. Finally, Weiss Ratings upgraded shares of International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a report on Saturday, October 25th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $288.00.

International Business Machines Stock Performance

Shares of NYSE IBM opened at $290.24 on Wednesday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.89 and a current ratio of 0.93. The stock has a 50 day moving average price of $287.37 and a 200 day moving average price of $272.51. The stock has a market capitalization of $271.29 billion, a PE ratio of 34.72, a price-to-earnings-growth ratio of 4.33 and a beta of 0.71. International Business Machines Corporation has a 52 week low of $206.19 and a 52 week high of $324.90.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.20. The company had revenue of $16.33 billion for the quarter, compared to analysts’ expectations of $16.10 billion. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The business’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.30 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 fiscal year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be given a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Monday, November 10th. International Business Machines’s dividend payout ratio is 80.38%.

International Business Machines Company 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.