Kellett Wealth Advisors LLC Has $335,000 Holdings in International Business Machines Corporation $IBM

Kellett Wealth Advisors LLC lifted its holdings in International Business Machines Corporation (NYSE:IBM) by 4.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,136 shares of the technology company’s stock after acquiring an additional 48 shares during the quarter. Kellett Wealth Advisors LLC’s holdings in International Business Machines were worth $335,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. NorthRock Partners LLC boosted its holdings in shares of International Business Machines by 3.1% in the 2nd quarter. NorthRock Partners LLC now owns 20,837 shares of the technology company’s stock worth $6,142,000 after acquiring an additional 635 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of International Business Machines by 8.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 19,310 shares of the technology company’s stock worth $5,692,000 after acquiring an additional 1,529 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of International Business Machines by 1.1% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 80,337 shares of the technology company’s stock worth $23,682,000 after acquiring an additional 900 shares in the last quarter. RoundAngle Advisors LLC boosted its holdings in shares of International Business Machines by 4.0% in the 2nd quarter. RoundAngle Advisors LLC now owns 9,107 shares of the technology company’s stock worth $2,685,000 after acquiring an additional 347 shares in the last quarter. Finally, Concord Asset Management LLC VA boosted its holdings in shares of International Business Machines by 60.8% in the 2nd quarter. Concord Asset Management LLC VA now owns 6,204 shares of the technology company’s stock worth $1,829,000 after acquiring an additional 2,345 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Stock Performance

IBM stock opened at $277.21 on Tuesday. The business’s fifty day moving average is $258.69 and its 200-day moving average is $261.01. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. The company has a market cap of $257.64 billion, a P/E ratio of 45.00, a price-to-earnings-growth ratio of 4.28 and a beta of 0.73. International Business Machines Corporation has a twelve month low of $203.51 and a twelve month high of $301.04.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, beating 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 return on equity of 37.62% and a net margin of 9.11%.The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. Equities research analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

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 dividend on an annualized basis and a dividend yield of 2.4%. International Business Machines’s dividend payout ratio is currently 109.09%.

Analysts Set New Price Targets

Several research analysts have recently commented on IBM shares. Bank of America reduced their target price on International Business Machines from $320.00 to $310.00 and set a “buy” rating on the stock in a report on Thursday, July 24th. Wedbush upped their price objective on International Business Machines from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, June 20th. Erste Group Bank downgraded International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Sanford C. Bernstein began coverage on International Business Machines in a report on Monday, September 15th. They set a “market perform” rating and a $280.00 price objective on the stock. Finally, UBS Group upped their price objective on International Business Machines from $195.00 to $200.00 and gave the stock a “sell” rating in a report on Thursday, July 24th. One equities research 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 issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $284.62.

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.