Milestone Asset Management LLC Buys 1,867 Shares of International Business Machines Corporation $IBM

Milestone Asset Management LLC increased its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 40.6% during the second quarter, Holdings Channel reports. The fund owned 6,463 shares of the technology company’s stock after purchasing an additional 1,867 shares during the period. Milestone Asset Management LLC’s holdings in International Business Machines were worth $1,905,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Family CFO Inc acquired a new stake in International Business Machines during the 2nd quarter worth $25,000. Christopher J. Hasenberg Inc bought a new stake in International Business Machines in the 1st quarter valued at $27,000. SSA Swiss Advisors AG acquired a new position in International Business Machines during the 1st quarter worth approximately $28,000. Highline Wealth Partners LLC increased its stake in International Business Machines by 85.0% in the 2nd quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock valued at $33,000 after buying an additional 51 shares during the last quarter. Finally, Dagco Inc. bought a new position in International Business Machines in the first quarter valued at approximately $31,000. 58.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on IBM shares. BMO Capital Markets raised their price objective on International Business Machines from $300.00 to $305.00 and gave the company a “market perform” rating in a research report on Thursday, October 23rd. JPMorgan Chase & Co. upped their price objective 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. Royal Bank Of Canada decreased their price target on International Business Machines from $315.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, October 23rd. Melius Research raised shares of International Business Machines to a “strong-buy” rating in a research note on Monday, July 7th. Finally, Morgan Stanley cut their target price on shares of International Business Machines from $256.00 to $252.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $288.00.

International Business Machines Stock Down 0.9%

Shares of NYSE:IBM opened at $304.67 on Tuesday. International Business Machines Corporation has a 1 year low of $204.07 and a 1 year high of $319.35. The business has a fifty day moving average price of $274.46 and a two-hundred day moving average price of $267.32. The company has a market capitalization of $284.79 billion, a PE ratio of 36.44, a price-to-earnings-growth ratio of 4.33 and a beta of 0.73. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.20. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The company had revenue of $16.33 billion during the quarter, compared to analyst estimates of $16.10 billion. During the same quarter last year, the firm posted $2.30 EPS. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. Analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be paid a $1.68 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.2%. International Business Machines’s dividend payout ratio is 80.38%.

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.