Carolina Wealth Advisors LLC Makes New $44,000 Investment in International Business Machines Corporation $IBM

Carolina Wealth Advisors LLC bought a new position in International Business Machines Corporation (NYSE:IBM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 148 shares of the technology company’s stock, valued at approximately $44,000.

Several other large investors have also recently modified their holdings of IBM. Family CFO Inc bought a new position in shares of International Business Machines in the second quarter worth approximately $25,000. Christopher J. Hasenberg Inc purchased a new position in International Business Machines in the 1st quarter worth approximately $27,000. SSA Swiss Advisors AG bought a new position in International Business Machines in the 1st quarter valued at approximately $28,000. Dagco Inc. purchased a new stake in International Business Machines during the 1st quarter valued at $31,000. Finally, Silicon Valley Capital Partners increased its holdings in shares of International Business Machines by 322.6% in 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. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Sanford C. Bernstein started coverage on International Business Machines in a research report on Monday, September 15th. They set a “market perform” rating and a $280.00 price objective on the stock. Erste Group Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. UBS Group boosted their price objective on shares of International Business Machines from $195.00 to $200.00 and gave the company a “sell” rating in a report on Thursday, July 24th. Weiss Ratings restated a “hold (c+)” rating on shares of International Business Machines in a research report on Saturday, September 27th. Finally, Wedbush lifted their target price on shares of International Business Machines from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Friday, June 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, International Business Machines has an average rating of “Hold” and a consensus target price of $284.62.

International Business Machines Stock Up 0.7%

IBM opened at $288.62 on Friday. The firm’s 50 day simple moving average is $255.18 and its two-hundred day simple moving average is $259.27. The company has a market capitalization of $268.25 billion, a PE ratio of 46.85, a PEG ratio of 4.44 and a beta of 0.73. International Business Machines Corporation has a 1-year low of $203.51 and a 1-year high of $296.16. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, topping the consensus estimate of $2.65 by $0.15. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The firm had revenue of $16.98 billion during the quarter, compared to analyst estimates of $16.58 billion. During the same period in the prior 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. As a group, equities analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were given a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines’s payout ratio 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.