International Business Machines Corporation $IBM Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. lifted its holdings in International Business Machines Corporation (NYSE:IBM) by 2.1% in the second quarter, Holdings Channel reports. The firm owned 95,051,475 shares of the technology company’s stock after buying an additional 1,913,708 shares during the period. International Business Machines comprises about 0.5% of Vanguard Group Inc.’s portfolio, making the stock its 27th largest position. Vanguard Group Inc. owned about 0.10% of International Business Machines worth $28,019,274,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Family CFO Inc acquired a new stake in International Business Machines in the second quarter worth about $25,000. SSA Swiss Advisors AG acquired a new position in shares of International Business Machines during the first quarter valued at about $28,000. Dagco Inc. purchased a new position in shares of International Business Machines in the 1st quarter valued at approximately $31,000. Silicon Valley Capital Partners boosted its stake in International Business Machines by 322.6% in the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after purchasing an additional 100 shares in the last quarter. Finally, Highline Wealth Partners LLC boosted 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 worth $33,000 after purchasing an additional 51 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on IBM. Jefferies Financial Group raised their price target on shares of International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a report on Tuesday, October 21st. Stifel Nicolaus lowered their price target on International Business Machines from $310.00 to $295.00 and set a “buy” rating for the company in a research report on Thursday, October 23rd. Sanford C. Bernstein initiated coverage on International Business Machines in a research note on Monday, September 15th. They set a “market perform” rating and a $280.00 price target on the stock. UBS Group raised their price objective on International Business Machines from $200.00 to $210.00 and gave the stock a “sell” rating in a research note on Thursday, October 23rd. Finally, Erste Group Bank lowered International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, International Business Machines has a consensus rating of “Moderate Buy” and an average target price of $288.00.

International Business Machines Price Performance

Shares of IBM opened at $297.34 on Tuesday. The business’s 50-day moving average is $286.75 and its two-hundred day moving average is $272.19. The company has a market capitalization of $277.94 billion, a P/E ratio of 35.57, a P/E/G ratio of 4.33 and a beta of 0.71. International Business Machines Corporation has a fifty-two week low of $205.37 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.

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

International Business Machines Announces Dividend

The company 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 dividend of $1.68 per share. 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 2.3%. International Business Machines’s dividend payout ratio (DPR) is presently 80.38%.

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.