First American Trust FSB Invests $266,000 in International Business Machines Corporation $IBM

First American Trust FSB acquired a new position in International Business Machines Corporation (NYSE:IBM) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 903 shares of the technology company’s stock, valued at approximately $266,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Family CFO Inc acquired a new position in International Business Machines in the second quarter valued at approximately $25,000. SSA Swiss Advisors AG acquired a new position in shares of International Business Machines during the 1st quarter valued at $28,000. Dagco Inc. bought a new position in International Business Machines during the first quarter worth $31,000. Silicon Valley Capital Partners grew its holdings in International Business Machines by 322.6% in the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after purchasing an additional 100 shares during the period. Finally, Highline Wealth Partners LLC grew its holdings in International Business Machines by 85.0% in the second quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock worth $33,000 after purchasing an additional 51 shares during the period. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

Shares of IBM stock opened at $290.24 on Wednesday. International Business Machines Corporation has a one year low of $206.19 and a one year high of $324.90. The company has a market cap of $271.29 billion, a P/E ratio of 34.72, a P/E/G ratio of 4.33 and a beta of 0.71. The firm has a 50-day moving average of $287.37 and a 200-day moving average of $272.51. 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 released its earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.20. The company 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 quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.30 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. Equities research analysts forecast that International Business Machines Corporation will post 10.78 EPS 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. Stockholders of record on Monday, November 10th will be paid a dividend of $1.68 per share. The ex-dividend date is Monday, November 10th. This represents a $6.72 annualized dividend and a dividend yield of 2.3%. International Business Machines’s dividend payout ratio (DPR) is presently 80.38%.

Analyst Ratings Changes

IBM has been the topic of a number of research analyst reports. BMO Capital Markets increased their price objective on shares of International Business Machines from $300.00 to $305.00 and gave the stock a “market perform” rating in a research report on Thursday, October 23rd. Sanford C. Bernstein started coverage on International Business Machines in a report on Monday, September 15th. They issued a “market perform” rating and a $280.00 price target on the stock. Stifel Nicolaus decreased their price objective on International Business Machines from $310.00 to $295.00 and set a “buy” rating for the company in a report on Thursday, October 23rd. Bank of America upped their target price on International Business Machines from $310.00 to $315.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Finally, JPMorgan Chase & Co. lifted their price target on shares of International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.