HMV Wealth Advisors LLC Buys New Shares in International Business Machines Corporation $IBM

HMV Wealth Advisors LLC purchased a new position in shares of International Business Machines Corporation (NYSE:IBM) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 696 shares of the technology company’s stock, valued at approximately $205,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC boosted its stake in shares of International Business Machines by 12.4% during the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock worth $4,619,000 after acquiring an additional 2,323 shares during the period. Patriot Financial Group Insurance Agency LLC lifted its holdings in International Business Machines by 9.7% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 4,487 shares of the technology company’s stock valued at $1,116,000 after purchasing an additional 398 shares during the last quarter. Miracle Mile Advisors LLC boosted its position in International Business Machines by 4.3% during the first quarter. Miracle Mile Advisors LLC now owns 3,889 shares of the technology company’s stock worth $967,000 after purchasing an additional 159 shares during the period. OLD National Bancorp IN increased its holdings in shares of International Business Machines by 0.5% in the first quarter. OLD National Bancorp IN now owns 12,972 shares of the technology company’s stock valued at $3,226,000 after purchasing an additional 69 shares during the last quarter. Finally, Park Avenue Securities LLC raised its position in shares of International Business Machines by 19.3% in the first quarter. Park Avenue Securities LLC now owns 23,895 shares of the technology company’s stock valued at $5,942,000 after purchasing an additional 3,871 shares during the period. Institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Up 0.5%

IBM opened at $289.70 on Tuesday. The stock has a market capitalization of $269.25 billion, a price-to-earnings ratio of 47.03, a P/E/G ratio of 4.44 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 twelve month low of $203.51 and a twelve month high of $296.16. The company has a 50-day simple moving average of $255.71 and a 200 day simple moving average of $259.70.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $2.65 by $0.15. The company had revenue of $16.98 billion during 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%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were paid a $1.68 dividend. The ex-dividend date was Friday, August 8th. This represents a $6.72 annualized dividend and a dividend yield of 2.3%. International Business Machines’s dividend payout ratio (DPR) is presently 109.09%.

Analyst Ratings Changes

Several brokerages recently commented on IBM. Stifel Nicolaus lifted their target price on shares of International Business Machines from $290.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Wall Street Zen raised International Business Machines from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. UBS Group lifted their price target on International Business Machines from $195.00 to $200.00 and gave the stock a “sell” rating in a report on Thursday, July 24th. Finally, Wedbush boosted their price target on International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Friday, June 20th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $284.62.

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.