Pines Wealth Management LLC Has $3.08 Million Stock Position in International Business Machines Corporation $IBM

Pines Wealth Management LLC raised its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 6.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,533 shares of the technology company’s stock after acquiring an additional 599 shares during the quarter. International Business Machines makes up approximately 1.1% of Pines Wealth Management LLC’s holdings, making the stock its 18th biggest position. Pines Wealth Management LLC’s holdings in International Business Machines were worth $3,075,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. GAMMA Investing LLC lifted its position in International Business Machines by 29,564.2% during the 1st quarter. GAMMA Investing LLC now owns 4,399,790 shares of the technology company’s stock worth $10,940,520,000 after buying an additional 4,384,958 shares in the last quarter. GQG Partners LLC acquired a new stake in shares of International Business Machines in the first quarter valued at about $1,040,057,000. Nuveen LLC acquired a new stake in shares of International Business Machines in the first quarter valued at about $960,386,000. Vanguard Group Inc. raised its holdings in International Business Machines by 1.4% during the first quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company’s stock worth $23,159,637,000 after acquiring an additional 1,298,515 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in International Business Machines by 41.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,164,987 shares of the technology company’s stock valued at $787,007,000 after purchasing an additional 930,448 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

Shares of International Business Machines stock opened at $257.45 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. The stock has a market capitalization of $239.27 billion, a price-to-earnings ratio of 41.79, a price-to-earnings-growth ratio of 3.95 and a beta of 0.71. International Business Machines Corporation has a twelve month low of $203.51 and a twelve month high of $296.16. The company has a 50-day simple moving average of $256.20 and a two-hundred day simple moving average of $256.99.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, topping the consensus estimate of $2.65 by $0.15. The company had revenue of $16.98 billion for the quarter, compared to analysts’ expectations of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the firm earned $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. 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 announced 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 2.6%. The ex-dividend date was Friday, August 8th. International Business Machines’s dividend payout ratio is presently 109.09%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. The Goldman Sachs Group boosted their price target on International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Stifel Nicolaus raised their target price on shares of International Business Machines from $290.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, July 16th. Erste Group Bank lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. UBS Group increased their price target on shares of International Business Machines from $195.00 to $200.00 and gave the company a “sell” rating in a research note on Thursday, July 24th. Finally, Sanford C. Bernstein initiated coverage on shares of International Business Machines in a research report on Monday. They issued a “market perform” rating and a $280.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $275.00.

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.