International Business Machines Corporation $IBM Shares Acquired by Spinnaker Trust

Spinnaker Trust raised its stake in shares of International Business Machines Corporation (NYSE:IBM) by 1.1% in the second quarter, Holdings Channel.com reports. The fund owned 15,935 shares of the technology company’s stock after purchasing an additional 168 shares during the period. Spinnaker Trust’s holdings in International Business Machines were worth $4,697,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in IBM. Family CFO Inc acquired a new stake in shares of International Business Machines during the second quarter valued at about $25,000. Christopher J. Hasenberg Inc acquired a new position in shares of International Business Machines in the first quarter valued at approximately $27,000. SSA Swiss Advisors AG acquired a new position in shares of International Business Machines in the first quarter valued at approximately $28,000. Dagco Inc. acquired a new position in shares of International Business Machines in the first quarter valued at approximately $31,000. Finally, Silicon Valley Capital Partners grew its holdings in shares of International Business Machines by 322.6% in the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock valued at $32,000 after purchasing an additional 100 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Bank of America lifted their price objective on shares of International Business Machines from $310.00 to $315.00 and gave the company a “buy” rating in a report 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. JPMorgan Chase & Co. lifted their price objective on shares of International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. The Goldman Sachs Group lifted their price objective on shares of International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Finally, Wall Street Zen upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Sunday. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $288.00.

International Business Machines Stock Down 1.4%

Shares of International Business Machines stock opened at $308.17 on Thursday. International Business Machines Corporation has a 52-week low of $203.51 and a 52-week high of $319.35. The company has a 50 day moving average of $270.43 and a 200 day moving average of $265.70. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.97. The company has a market capitalization of $288.05 billion, a P/E ratio of 36.86, a P/E/G ratio of 4.39 and a beta of 0.73.

International Business Machines (NYSE:IBM) last issued 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%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.30 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. As a group, research analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

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

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.