Advisory Alpha LLC Purchases 1,019 Shares of International Business Machines Corporation $IBM

Key Points

• Advisory Alpha LLC increased its stake in International Business Machines Corporation (IBM) by 13.8%, acquiring an additional 1,019 shares for a total of 8,378 shares valued at approximately $2.08 million.
• IBM reported a quarterly earnings per share (EPS) of $2.80, surpassing analysts' expectations of $2.65, with a year-over-year revenue increase of 7.7% to $16.98 billion.
• The company declared a quarterly dividend of $1.68 per share, with a yield of 2.6%, representing an annualized dividend payout of $6.72.

Advisory Alpha LLC lifted its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 13.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,378 shares of the technology company's stock after buying an additional 1,019 shares during the period. Advisory Alpha LLC's holdings in International Business Machines were worth $2,083,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Blue Edge Capital LLC increased its position in shares of International Business Machines by 0.6% in the 1st quarter. Blue Edge Capital LLC now owns 6,776 shares of the technology company's stock valued at $1,685,000 after buying an additional 39 shares in the last quarter. Tacita Capital Inc increased its holdings in International Business Machines by 20.8% during the 1st quarter. Tacita Capital Inc now owns 232 shares of the technology company's stock worth $58,000 after purchasing an additional 40 shares in the last quarter. Pallas Capital Advisors LLC increased its holdings in International Business Machines by 0.9% during the 1st quarter. Pallas Capital Advisors LLC now owns 4,805 shares of the technology company's stock worth $1,195,000 after purchasing an additional 42 shares in the last quarter. DMC Group LLC increased its holdings in International Business Machines by 1.2% during the 1st quarter. DMC Group LLC now owns 3,517 shares of the technology company's stock worth $875,000 after purchasing an additional 42 shares in the last quarter. Finally, Fidato Wealth LLC increased its holdings in International Business Machines by 2.4% during the 1st quarter. Fidato Wealth LLC now owns 1,824 shares of the technology company's stock worth $454,000 after purchasing an additional 42 shares in the last quarter. Institutional investors own 58.96% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on IBM shares. Stifel Nicolaus increased 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. BMO Capital Markets increased their target price on International Business Machines from $260.00 to $300.00 and gave the stock a "market perform" rating in a report on Friday, July 18th. Bank of America lowered their target price on International Business Machines from $320.00 to $310.00 and set a "buy" rating for the company in a report on Thursday, July 24th. Wedbush increased their target price on International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a report on Friday, June 20th. Finally, UBS Group raised their price objective on International Business Machines from $195.00 to $200.00 and gave the company a "sell" rating in a report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $268.75.

International Business Machines Price Performance

Shares of NYSE IBM opened at $256.20 on Tuesday. The stock has a market capitalization of $238.11 billion, a price-to-earnings ratio of 41.59, a PEG ratio of 3.83 and a beta of 0.71. The business has a 50-day moving average of $260.31 and a 200-day moving average of $256.97. 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 Corporation has a fifty-two week low of $201.43 and a fifty-two week high of $296.16.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, topping 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 analysts' expectations of $16.58 billion. During the same quarter last year, the company posted $2.43 earnings per share. International Business Machines's quarterly revenue was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 8th will be issued a dividend of $1.68 per share. The ex-dividend date is Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a yield of 2.6%. International Business Machines's dividend payout ratio (DPR) is presently 109.09%.

International Business Machines Company 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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