Ethos Financial Group LLC Boosts Holdings in International Business Machines Corporation $IBM

Ethos Financial Group LLC lifted its holdings in International Business Machines Corporation (NYSE:IBM) by 70.3% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 4,232 shares of the technology company’s stock after acquiring an additional 1,747 shares during the quarter. Ethos Financial Group LLC’s holdings in International Business Machines were worth $1,248,000 at the end of the most recent quarter.

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

International Business Machines Trading Up 2.0%

NYSE:IBM opened at $312.79 on Friday. The company has a 50-day moving average price of $278.19 and a 200-day moving average price of $268.34. The stock has a market cap of $292.37 billion, a price-to-earnings ratio of 37.41, a P/E/G ratio of 4.33 and a beta of 0.71. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 1.97. International Business Machines Corporation has a 12 month low of $204.07 and a 12 month high of $319.35.

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

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be paid a $1.68 dividend. This represents a $6.72 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Monday, November 10th. International Business Machines’s dividend payout ratio is presently 80.38%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. 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 report on Thursday, October 23rd. UBS Group raised their price target on shares of International Business Machines from $200.00 to $210.00 and gave the stock a “sell” rating in a report on Thursday, October 23rd. BMO Capital Markets upped their price objective on shares of International Business Machines from $300.00 to $305.00 and gave the company a “market perform” rating in a research note on Thursday, October 23rd. Weiss Ratings upgraded shares of International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a report on Saturday, October 25th. Finally, Bank of America boosted their price target on International Business Machines from $310.00 to $315.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $288.00.

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.