International Business Machines Corporation $IBM Shares Acquired by Atalanta Sosnoff Capital LLC

Key Points

• Atalanta Sosnoff Capital LLC increased its stake in IBM by 8.4%, owning a total of 109,780 shares valued at approximately $27.3 million after purchasing an additional 8,477 shares.
• IBM's stock price experienced a 0.9% decline, with shares opening at $241.41. The company has a market capitalization of $224.37 billion and a PE ratio of 39.19.
• The tech giant announced a quarterly dividend of $1.68 per share, reflecting an annualized dividend of $6.72 and a dividend yield of 2.8%, with a payout ratio of 109.09%.

Atalanta Sosnoff Capital LLC grew its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 8.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 109,780 shares of the technology company's stock after purchasing an additional 8,477 shares during the period. Atalanta Sosnoff Capital LLC's holdings in International Business Machines were worth $27,298,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Christopher J. Hasenberg Inc acquired a new stake in International Business Machines during the 1st quarter valued at approximately $27,000. SSA Swiss Advisors AG acquired a new position in International Business Machines during the first quarter worth $28,000. Dagco Inc. acquired a new position in International Business Machines during the 1st quarter valued at about $31,000. Measured Risk Portfolios Inc. purchased a new stake in International Business Machines in the 4th quarter valued at $43,000. Finally, Park Square Financial Group LLC purchased a new position in International Business Machines during the fourth quarter worth about $43,000. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Stock Performance

IBM stock traded up $1.29 during trading on Friday, reaching $248.47. The stock had a trading volume of 3,144,657 shares, compared to its average volume of 4,281,239. The stock's 50 day moving average is $261.90 and its two-hundred day moving average is $257.21. The firm has a market cap of $230.93 billion, a PE ratio of 23.27, a PEG ratio of 3.81 and a beta of 0.71. International Business Machines Corporation has a 52 week low of $199.34 and a 52 week high of $296.16. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00.

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, beating analysts' consensus estimates of $2.65 by $0.15. The business had revenue of $16.98 billion for the quarter, compared to analysts' expectations of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The business's quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the firm earned $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current 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 paid a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, August 8th. International Business Machines's dividend payout ratio (DPR) is currently 109.09%.

Analyst Upgrades and Downgrades

IBM has been the topic of several research reports. Citigroup reaffirmed an "outperform" rating on shares of International Business Machines in a research report on Saturday, May 10th. BMO Capital Markets upped their target price on shares of International Business Machines from $260.00 to $300.00 and gave the stock a "market perform" rating in a report on Friday, July 18th. 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 increased their price objective on International Business Machines from $195.00 to $200.00 and gave the company a "sell" rating in a research report on Thursday, July 24th. Finally, Erste Group Bank lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus 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.