International Business Machines Corporation $IBM Shares Purchased by WealthShield Partners LLC

WealthShield Partners LLC boosted its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 58.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,906 shares of the technology company’s stock after buying an additional 1,441 shares during the period. WealthShield Partners LLC’s holdings in International Business Machines were worth $1,151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of IBM. Family CFO Inc acquired a new stake in International Business Machines in the 2nd quarter worth approximately $25,000. SSA Swiss Advisors AG purchased a new position in shares of International Business Machines in the first quarter worth $28,000. Dagco Inc. purchased a new position in shares of International Business Machines in the first quarter worth $31,000. Silicon Valley Capital Partners lifted its stake in shares of International Business Machines by 322.6% during the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after buying an additional 100 shares during the period. Finally, Highline Wealth Partners LLC grew its holdings in shares of International Business Machines by 85.0% during the second 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. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Up 0.2%

Shares of International Business Machines stock opened at $305.35 on Friday. International Business Machines Corporation has a fifty-two week low of $204.07 and a fifty-two week high of $324.90. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.89 and a current ratio of 0.93. The company has a market cap of $285.42 billion, a P/E ratio of 36.53, a price-to-earnings-growth ratio of 4.33 and a beta of 0.71. The firm has a 50-day simple moving average of $285.92 and a two-hundred day simple moving average of $271.58.

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

International Business Machines Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on IBM shares. JPMorgan Chase & Co. increased their price objective on International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Morgan Stanley dropped their price objective 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 target price 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. Royal Bank Of Canada cut their price target on International Business Machines from $315.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, October 23rd. Finally, Weiss Ratings raised International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a report on Saturday, October 25th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $288.00.

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.