Global Assets Advisory LLC Acquires Shares of 9,020 International Business Machines Corporation $IBM

Global Assets Advisory LLC bought a new position in shares of International Business Machines Corporation (NYSE:IBM) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 9,020 shares of the technology company’s stock, valued at approximately $2,627,000. International Business Machines comprises approximately 1.0% of Global Assets Advisory LLC’s investment portfolio, making the stock its 18th biggest holding.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC boosted its position in International Business Machines by 12.4% in the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock valued at $4,619,000 after buying an additional 2,323 shares during the period. Gateway Investment Advisers LLC raised its stake in shares of International Business Machines by 634.4% during the first quarter. Gateway Investment Advisers LLC now owns 40,401 shares of the technology company’s stock valued at $10,046,000 after acquiring an additional 34,900 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of International Business Machines by 18.4% in the first quarter. Sivia Capital Partners LLC now owns 1,752 shares of the technology company’s stock valued at $436,000 after purchasing an additional 272 shares during the period. Wedmont Private Capital grew its stake in International Business Machines by 4.9% in the first quarter. Wedmont Private Capital now owns 11,953 shares of the technology company’s stock worth $2,815,000 after purchasing an additional 558 shares in the last quarter. Finally, Revolve Wealth Partners LLC increased its holdings in International Business Machines by 8.2% during the 1st quarter. Revolve Wealth Partners LLC now owns 2,145 shares of the technology company’s stock worth $533,000 after purchasing an additional 163 shares during the period. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Stock Up 0.7%

NYSE:IBM opened at $288.62 on Monday. The company’s 50-day simple moving average is $255.18 and its 200-day simple moving average is $259.38. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91. International Business Machines Corporation has a fifty-two week low of $203.51 and a fifty-two week high of $296.16. The stock has a market capitalization of $268.25 billion, a P/E ratio of 46.85, a P/E/G ratio of 4.44 and a beta of 0.73.

International Business Machines (NYSE:IBM) last posted 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 net margin of 9.11% and a return on equity of 37.62%. The firm had revenue of $16.98 billion during the quarter, compared to analyst estimates of $16.58 billion. During the same quarter in the previous year, the business posted $2.43 EPS. International Business Machines’s revenue was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. On average, equities 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were issued a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Friday, August 8th. International Business Machines’s dividend payout ratio is currently 109.09%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Sanford C. Bernstein began coverage on International Business Machines in a report on Monday, September 15th. They issued a “market perform” rating and a $280.00 target price for the company. JPMorgan Chase & Co. upped their price objective on shares of International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of International Business Machines in a research report on Saturday, September 27th. Melius Research raised shares of International Business Machines to a “strong-buy” rating in a research report on Monday, July 7th. Finally, Wedbush increased their price objective on shares of International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Friday, June 20th. One 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $284.62.

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.