Drucker Wealth 3.0 LLC Raises Stock Holdings in International Business Machines Corporation $IBM

Drucker Wealth 3.0 LLC increased its position in International Business Machines Corporation (NYSE:IBM) by 43.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,059 shares of the technology company’s stock after buying an additional 928 shares during the quarter. Drucker Wealth 3.0 LLC’s holdings in International Business Machines were worth $887,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Eastern Bank increased its position in shares of International Business Machines by 2.7% in the second quarter. Eastern Bank now owns 33,332 shares of the technology company’s stock valued at $9,826,000 after acquiring an additional 887 shares during the period. Aberdeen Group plc increased its holdings in International Business Machines by 7.2% during the 2nd quarter. Aberdeen Group plc now owns 1,091,090 shares of the technology company’s stock valued at $319,760,000 after purchasing an additional 72,846 shares during the period. PDS Planning Inc increased its holdings in International Business Machines by 7.7% during the 2nd quarter. PDS Planning Inc now owns 6,025 shares of the technology company’s stock valued at $1,776,000 after purchasing an additional 431 shares during the period. JB Capital LLC increased its stake in shares of International Business Machines by 1.4% during the second quarter. JB Capital LLC now owns 3,891 shares of the technology company’s stock valued at $1,147,000 after buying an additional 55 shares during the period. Finally, Robertson Stephens Wealth Management LLC increased its position in International Business Machines by 1.8% during the 2nd quarter. Robertson Stephens Wealth Management LLC now owns 13,914 shares of the technology company’s stock valued at $4,102,000 after purchasing an additional 252 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

IBM stock opened at $278.09 on Friday. The company has a market cap of $258.45 billion, a P/E ratio of 45.14, a price-to-earnings-growth ratio of 4.44 and a beta of 0.73. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year high of $301.04. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. The stock’s fifty day moving average price is $258.19 and its 200-day moving average price is $260.60.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.65 by $0.15. The company 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%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.43 earnings per share. 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 Announces Dividend

The business also recently disclosed 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 2.4%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines’s payout ratio is presently 109.09%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on IBM shares. Wall Street Zen upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. JPMorgan Chase & Co. upped their target price on shares of International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Stifel Nicolaus upped their price objective 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. Melius Research upgraded shares of International Business Machines to a “strong-buy” rating in a report on Monday, July 7th. Finally, Royal Bank Of Canada upped their price target on International Business Machines from $285.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, July 17th. 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. Based on data from MarketBeat, International Business Machines has a consensus rating of “Hold” and an average 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.