International Business Machines Corporation $IBM Shares Purchased by Advantage Trust Co

Advantage Trust Co raised its stake in shares of International Business Machines Corporation (NYSE:IBM) by 300.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,200 shares of the technology company’s stock after buying an additional 900 shares during the quarter. Advantage Trust Co’s holdings in International Business Machines were worth $354,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Triton Financial Group Inc acquired a new stake in International Business Machines during the 2nd quarter valued at $2,259,000. Clune & Associates LTD. grew its holdings in International Business Machines by 25.5% during the 2nd quarter. Clune & Associates LTD. now owns 1,315 shares of the technology company’s stock valued at $388,000 after buying an additional 267 shares during the last quarter. Klingman & Associates LLC grew its holdings in International Business Machines by 7.8% during the 2nd quarter. Klingman & Associates LLC now owns 5,046 shares of the technology company’s stock valued at $1,487,000 after buying an additional 364 shares during the last quarter. Atlantic Edge Private Wealth Management LLC grew its holdings in International Business Machines by 0.5% during the 2nd quarter. Atlantic Edge Private Wealth Management LLC now owns 9,148 shares of the technology company’s stock valued at $2,697,000 after buying an additional 41 shares during the last quarter. Finally, Pittenger & Anderson Inc. grew its holdings in International Business Machines by 2.6% during the 2nd quarter. Pittenger & Anderson Inc. now owns 16,330 shares of the technology company’s stock valued at $4,814,000 after buying an additional 420 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Price Performance

Shares of International Business Machines stock opened at $283.64 on Tuesday. International Business Machines Corporation has a twelve month low of $203.51 and a twelve month high of $301.04. The stock has a market capitalization of $263.61 billion, a P/E ratio of 46.05, a PEG ratio of 4.33 and a beta of 0.73. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. The business’s fifty day moving average price is $262.02 and its 200 day moving average price is $262.25.

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, beating analysts’ consensus estimates of $2.65 by $0.15. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The firm had revenue of $16.98 billion for the quarter, compared to analysts’ expectations of $16.58 billion. During the same quarter last year, the firm earned $2.43 earnings per share. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. As a group, research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were given a $1.68 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 annualized dividend and a yield of 2.4%. International Business Machines’s dividend payout ratio (DPR) is 109.09%.

Analyst Ratings Changes

IBM has been the topic of several analyst reports. BMO Capital Markets raised their price objective on International Business Machines from $260.00 to $300.00 and gave the stock a “market perform” rating in a report on Friday, July 18th. Bank of America decreased their price objective 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. Royal Bank Of Canada restated an “outperform” rating and set a $315.00 price objective on shares of International Business Machines in a report on Thursday, October 16th. Morgan Stanley raised their price objective on International Business Machines from $253.00 to $256.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 15th. Finally, Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $286.38.

International Business Machines Company 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.