1,384 Shares in International Business Machines Corporation $IBM Bought by Samalin Investment Counsel LLC

Key Points

• Samalin Investment Counsel LLC acquired 1,384 shares of International Business Machines Corporation (IBM) worth approximately $344,000 in the 1st quarter.
• IBM reported earnings of $2.80 per share for the last quarter, surpassing estimates, with a revenue of $16.98 billion, up 7.7% year-over-year.
• The company declared a quarterly dividend of $1.68 per share, with a payout ratio of 109.09%, and a yield of 2.8%.

Samalin Investment Counsel LLC purchased a new position in International Business Machines Corporation (NYSE:IBM - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,384 shares of the technology company's stock, valued at approximately $344,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. FORA Capital LLC purchased a new stake in International Business Machines in the 1st quarter worth $517,000. Widmann Financial Services Inc. grew its holdings in shares of International Business Machines by 2.0% during the first quarter. Widmann Financial Services Inc. now owns 15,089 shares of the technology company's stock worth $3,752,000 after buying an additional 293 shares in the last quarter. Orion Capital Management LLC grew its holdings in shares of International Business Machines by 37.3% during the first quarter. Orion Capital Management LLC now owns 3,403 shares of the technology company's stock worth $846,000 after buying an additional 924 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of International Business Machines by 38.3% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 330,222 shares of the technology company's stock worth $82,113,000 after buying an additional 91,468 shares in the last quarter. Finally, NCM Capital Management LLC grew its holdings in shares of International Business Machines by 2.0% during the first quarter. NCM Capital Management LLC now owns 5,920 shares of the technology company's stock worth $1,472,000 after buying an additional 114 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines Trading Up 1.2%

Shares of IBM stock opened at $242.40 on Wednesday. The company's 50-day moving average price is $267.96 and its 200-day moving average price is $257.81. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. The stock has a market cap of $225.28 billion, a price-to-earnings ratio of 39.35, a PEG ratio of 3.69 and a beta of 0.69. International Business Machines Corporation has a twelve month low of $196.97 and a twelve month high of $296.16.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.15. The firm had revenue of $16.98 billion for the quarter, compared to analysts' expectations of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The company's revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th will be given a dividend of $1.68 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $6.72 annualized dividend and a dividend yield of 2.8%. International Business Machines's payout ratio is presently 109.09%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on IBM shares. JPMorgan Chase & Co. upped their target price on shares of International Business Machines from $244.00 to $290.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Royal Bank Of Canada upped their target price on shares of International Business Machines from $285.00 to $315.00 and gave the stock an "outperform" rating in a report on Thursday, July 17th. UBS Group upped their target price on shares of International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a report on Thursday, July 24th. Citigroup reaffirmed an "outperform" rating on shares of International Business Machines in a report on Saturday, May 10th. Finally, The Goldman Sachs Group upped their target price on shares of International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have issued a Hold rating and one has assigned 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 $268.75.

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.

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