IMG Wealth Management Inc. Has $224,000 Stake in International Business Machines Corporation $IBM

IMG Wealth Management Inc. decreased its position in shares of International Business Machines Corporation (NYSE:IBM) by 23.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 761 shares of the technology company’s stock after selling 231 shares during the quarter. IMG Wealth Management Inc.’s holdings in International Business Machines were worth $224,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of IBM. Family CFO Inc acquired a new position in International Business Machines during the 2nd quarter worth about $25,000. Christopher J. Hasenberg Inc acquired a new position in International Business Machines during the 1st quarter worth about $27,000. SSA Swiss Advisors AG acquired a new position in International Business Machines during the 1st quarter worth about $28,000. Dagco Inc. acquired a new position in International Business Machines during the 1st quarter worth about $31,000. Finally, Silicon Valley Capital Partners lifted its holdings in International Business Machines by 322.6% during the 1st 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. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on IBM. Stifel Nicolaus lifted their target price on International Business Machines from $290.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. UBS Group boosted their price objective on International Business Machines from $195.00 to $200.00 and gave the company a “sell” rating in a research note on Thursday, July 24th. Jefferies Financial Group reissued a “hold” rating on shares of International Business Machines in a research note on Tuesday. Melius Research raised International Business Machines to a “strong-buy” rating in a research note on Monday, July 7th. Finally, BMO Capital Markets boosted their price objective on International Business Machines from $260.00 to $300.00 and gave the company a “market perform” rating in a research note on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $286.38.

International Business Machines Stock Performance

Shares of International Business Machines stock opened at $283.64 on Tuesday. International Business Machines Corporation has a one year low of $203.51 and a one year high of $301.04. The firm has a market capitalization of $263.61 billion, a price-to-earnings ratio of 46.05, a PEG ratio of 4.33 and a beta of 0.73. The business has a 50-day simple moving average of $262.02 and a 200 day simple moving average of $262.25. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, beating analysts’ consensus estimates of $2.65 by $0.15. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The business had revenue of $16.98 billion during the quarter, compared to analyst estimates of $16.58 billion. During the same period in the previous year, the company posted $2.43 EPS. The firm’s revenue was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. On average, research analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were given a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines’s payout ratio is presently 109.09%.

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.