NTV Asset Management LLC Buys 100 Shares of International Business Machines Corporation $IBM

NTV Asset Management LLC boosted its stake in shares of International Business Machines Corporation (NYSE:IBM) by 0.6% during the second quarter, Holdings Channel.com reports. The fund owned 17,733 shares of the technology company’s stock after acquiring an additional 100 shares during the period. NTV Asset Management LLC’s holdings in International Business Machines were worth $5,227,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Tilia Fiduciary Partners Inc. boosted its holdings in shares of International Business Machines by 4.4% in the 2nd quarter. Tilia Fiduciary Partners Inc. now owns 7,125 shares of the technology company’s stock valued at $2,100,000 after purchasing an additional 300 shares in the last quarter. QRG Capital Management Inc. boosted its holdings in shares of International Business Machines by 10.4% in the 2nd quarter. QRG Capital Management Inc. now owns 192,162 shares of the technology company’s stock valued at $56,646,000 after purchasing an additional 18,033 shares in the last quarter. ZWJ Investment Counsel Inc. boosted its holdings in shares of International Business Machines by 2.3% in the 2nd quarter. ZWJ Investment Counsel Inc. now owns 15,423 shares of the technology company’s stock valued at $4,546,000 after purchasing an additional 340 shares in the last quarter. Intrinsic Value Partners LLC acquired a new stake in shares of International Business Machines in the 2nd quarter valued at $237,000. Finally, Life Planning Partners Inc acquired a new stake in shares of International Business Machines in the 2nd quarter valued at $240,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on IBM shares. Melius Research raised International Business Machines to a “strong-buy” rating in a report on Monday, July 7th. Sanford C. Bernstein assumed coverage on International Business Machines in a report on Monday, September 15th. They issued a “market perform” rating and a $280.00 target price on the stock. JPMorgan Chase & Co. raised their price objective on International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Erste Group Bank downgraded International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Finally, Wedbush raised their price objective on International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, June 20th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $284.62.

International Business Machines Stock Up 0.7%

Shares of NYSE:IBM opened at $288.62 on Friday. The firm has a market cap of $268.25 billion, a P/E ratio of 46.85, a P/E/G ratio of 4.41 and a beta of 0.73. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. International Business Machines Corporation has a 12-month low of $203.51 and a 12-month high of $296.16. The business has a fifty day simple moving average of $255.18 and a 200 day simple moving average of $259.22.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.65 by $0.15. The business had revenue of $16.98 billion during the quarter, compared to analyst estimates of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.International Business Machines’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the company earned $2.43 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 year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were 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 was Friday, August 8th. International Business Machines’s dividend payout ratio (DPR) is currently 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.