Falcon Wealth Planning Purchases New Shares in International Business Machines Corporation $IBM

Falcon Wealth Planning purchased a new stake in shares of International Business Machines Corporation (NYSE:IBM) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 847 shares of the technology company’s stock, valued at approximately $250,000.

A number of other large investors have also added to or reduced their stakes in IBM. GAMMA Investing LLC grew its holdings 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 valued at $10,940,520,000 after purchasing an additional 4,384,958 shares in the last quarter. GQG Partners LLC acquired a new stake in International Business Machines during the 1st quarter valued at $1,040,057,000. Nuveen LLC acquired a new stake in International Business Machines during the 1st quarter valued at $960,386,000. Vanguard Group Inc. grew its holdings in International Business Machines by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company’s stock valued at $23,159,637,000 after purchasing an additional 1,298,515 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in International Business Machines by 41.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,164,987 shares of the technology company’s stock worth $787,007,000 after acquiring an additional 930,448 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on IBM shares. Bank of America decreased their price objective on shares of International Business Machines from $320.00 to $310.00 and set a “buy” rating for the company in a report on Thursday, July 24th. Sanford C. Bernstein started coverage on shares of International Business Machines in a report on Monday, September 15th. They set a “market perform” rating and a $280.00 price objective for the company. BMO Capital Markets raised their price objective on shares of International Business Machines from $260.00 to $300.00 and gave the stock a “market perform” rating in a report on Friday, July 18th. UBS Group raised their price objective on shares of International Business Machines from $195.00 to $200.00 and gave the stock a “sell” rating in a report on Thursday, July 24th. Finally, The Goldman Sachs Group raised their price objective on shares of International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $275.00.

International Business Machines Trading Up 5.3%

NYSE IBM opened at $281.76 on Friday. The firm has a market capitalization of $261.86 billion, a PE ratio of 45.74, a price-to-earnings-growth ratio of 4.12 and a beta of 0.71. The company has a 50-day simple moving average of $254.09 and a 200-day simple moving average of $257.72. International Business Machines Corporation has a one year low of $203.51 and a one year high of $296.16. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.15. The firm had revenue of $16.98 billion for the quarter, compared to the consensus estimate of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. International Business Machines’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. On average, equities analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were given a $1.68 dividend. The ex-dividend date was Friday, August 8th. This represents a $6.72 annualized dividend and a yield of 2.4%. International Business Machines’s dividend payout ratio (DPR) is currently 109.09%.

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.