HighMark Wealth Management LLC Makes New $230,000 Investment in International Business Machines Corporation $IBM

HighMark Wealth Management LLC bought a new stake in International Business Machines Corporation (NYSE:IBM) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 780 shares of the technology company’s stock, valued at approximately $230,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Family CFO Inc bought a new position in shares of International Business Machines in the second quarter worth about $25,000. Christopher J. Hasenberg Inc bought a new position in International Business Machines in the 1st quarter worth approximately $27,000. SSA Swiss Advisors AG acquired a new position in International Business Machines during the 1st quarter worth $28,000. Highline Wealth Partners LLC boosted its position 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 valued at $33,000 after buying an additional 51 shares during the last quarter. Finally, Dagco Inc. acquired a new stake in shares of International Business Machines in the 1st quarter valued at $31,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. BMO Capital Markets upped their price target 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. The Goldman Sachs Group upped their target price on shares of International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Wall Street Zen raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. UBS Group boosted their price target on shares of International Business Machines from $195.00 to $200.00 and gave the stock a “sell” rating in a research note on Thursday, July 24th. Finally, Royal Bank Of Canada raised their price objective on shares of International Business Machines from $285.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned 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.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $284.62.

International Business Machines Trading Up 0.2%

Shares of NYSE IBM opened at $287.05 on Friday. International Business Machines Corporation has a twelve month low of $203.51 and a twelve month high of $296.16. The stock has a market cap of $266.78 billion, a price-to-earnings ratio of 46.60, a P/E/G ratio of 4.41 and a beta of 0.73. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. The company’s fifty day moving average is $254.60 and its 200-day moving average is $258.93.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $16.58 billion. During the same quarter last year, the business 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. Equities research analysts predict that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were issued a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.3%. The ex-dividend date was Friday, August 8th. International Business Machines’s dividend payout ratio (DPR) is 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.