Childress Capital Advisors LLC Buys 638 Shares of International Business Machines Corporation $IBM

Childress Capital Advisors LLC boosted its stake in International Business Machines Corporation (NYSE:IBM) by 26.0% in the second quarter, HoldingsChannel reports. The firm owned 3,095 shares of the technology company’s stock after acquiring an additional 638 shares during the period. Childress Capital Advisors LLC’s holdings in International Business Machines were worth $912,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Consolidated Portfolio Review Corp grew its position in International Business Machines by 0.7% in the 2nd quarter. Consolidated Portfolio Review Corp now owns 9,527 shares of the technology company’s stock worth $2,808,000 after purchasing an additional 69 shares during the period. TABR Capital Management LLC bought a new stake in International Business Machines in the 2nd quarter worth approximately $215,000. Generali Investments CEE investicni spolecnost a.s. grew its position in International Business Machines by 4.8% in the 2nd quarter. Generali Investments CEE investicni spolecnost a.s. now owns 34,143 shares of the technology company’s stock worth $10,065,000 after purchasing an additional 1,576 shares during the period. Cooper Financial Group grew its position in International Business Machines by 3.0% in the 2nd quarter. Cooper Financial Group now owns 8,810 shares of the technology company’s stock worth $2,597,000 after purchasing an additional 255 shares during the period. Finally, Truist Financial Corp grew its position in International Business Machines by 2.6% in the 2nd quarter. Truist Financial Corp now owns 868,060 shares of the technology company’s stock worth $255,887,000 after purchasing an additional 21,636 shares during the period. Institutional investors own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on IBM. Royal Bank Of Canada boosted their price objective on shares of International Business Machines from $285.00 to $315.00 and gave the company an “outperform” rating in a research report on Thursday, July 17th. Wedbush boosted their price objective on shares of International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, June 20th. JPMorgan Chase & Co. boosted their price objective on shares of International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Stifel Nicolaus boosted their price objective on shares of International Business Machines from $290.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, July 16th. Finally, Wall Street Zen raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $275.00.

International Business Machines Trading Up 0.9%

Shares of International Business Machines stock opened at $282.19 on Wednesday. The company has a market capitalization of $262.27 billion, a P/E ratio of 45.81, a P/E/G ratio of 4.31 and a beta of 0.71. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91. The company has a fifty day moving average of $253.98 and a 200 day moving average of $258.50. International Business Machines Corporation has a fifty-two week low of $203.51 and a fifty-two week high of $296.16.

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

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were issued a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines’s dividend payout ratio is 109.09%.

International Business Machines 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.