B.A. Schrock Wealth Management Inc. Purchases New Shares in International Business Machines Corporation $IBM

Key Points

• B.A. Schrock Wealth Management acquired 6,176 IBM shares worth approximately $1.39 million in the third quarter. Institutional investors collectively own 58.96% of IBM’s outstanding stock.
• Analysts hold a consensus “Moderate Buy” rating with a $252.96 price target, while IBM continues investing in semiconductor and quantum-computing initiatives that may support longer-term growth.
• IBM’s shares opened at $228.40, down 1.0%, while the company maintains a quarterly dividend of $1.69 per share, equivalent to a 3.0% annualized yield.

B.A. Schrock Wealth Management Inc. bought a new stake in International Business Machines Corporation (NYSE:IBM - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6,176 shares of the technology company's stock, valued at approximately $1,393,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Harborfront Financial Group LLC bought a new stake in International Business Machines during the second quarter worth approximately $27,000. Hara Capital LLC bought a new stake in shares of International Business Machines in the 2nd quarter valued at approximately $28,000. Bare Financial Services Inc lifted its stake in shares of International Business Machines by 114.6% in the 2nd quarter. Bare Financial Services Inc now owns 103 shares of the technology company's stock valued at $29,000 after purchasing an additional 55 shares during the last quarter. Portus Wealth Advisors LLC purchased a new position in shares of International Business Machines in the 1st quarter worth approximately $26,000. Finally, Caitlin John LLC purchased a new position in shares of International Business Machines in the 2nd quarter worth approximately $35,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines News Summary

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: Siemens nanostack collaboration supports IBM’s semiconductor strategy. IBM and Siemens announced research to advance IBM’s nanostack transistor architecture, combining IBM’s device expertise with Siemens’ electronic-design and manufacturing software capabilities. The effort could strengthen IBM’s longer-term semiconductor innovation, although it is unlikely to materially affect near-term earnings. IBM and Siemens Collaborate on Research to Advance Nanostack Architecture
• Positive Sentiment: RBC reaffirmed an Outperform rating and a $270 price target. The target implies meaningful upside from recent trading levels and signals that the bank views IBM’s valuation and growth prospects favorably despite recent weakness.
• Positive Sentiment: IBM remains active in quantum computing. IBM advanced to Stage C of DARPA’s Quantum Benchmarking Initiative, reinforcing its position in a potentially important long-term technology market. Revenue benefits remain uncertain and likely distant. DARPA Just Revealed the 2 Best Quantum Computing Stocks to Buy Now

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Citic Securities boosted their target price on International Business Machines from $294.00 to $297.00 and gave the company a "buy" rating in a research report on Wednesday, July 29th. HSBC decreased their price objective on shares of International Business Machines from $175.00 to $174.00 in a research note on Friday, July 24th. Morgan Stanley reduced their price target on International Business Machines from $293.00 to $190.00 and set an "equal weight" rating on the stock in a report on Thursday, July 23rd. UBS Group reiterated a "neutral" rating on shares of International Business Machines in a report on Tuesday. Finally, Weiss Ratings raised International Business Machines from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday. Nineteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $252.96.

Insider Activity at International Business Machines

In other news, SVP Robert Thomas sold 25,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $230.32, for a total transaction of $5,758,000.00. Following the transaction, the senior vice president directly owned 47,800 shares of the company's stock, valued at approximately $11,009,296. This trade represents a 34.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.27% of the company's stock.

International Business Machines Trading Down 1.0%

NYSE IBM opened at $228.40 on Thursday. The company's 50-day moving average price is $232.07 and its 200-day moving average price is $243.68. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 1.63. The stock has a market cap of $215.18 billion, a PE ratio of 20.27, a PEG ratio of 2.20 and a beta of 0.73. International Business Machines Corporation has a 12 month low of $199.19 and a 12 month high of $332.46.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The technology company reported $2.93 EPS for the quarter, hitting the consensus estimate of $2.93. International Business Machines had a net margin of 15.52% and a return on equity of 35.65%. The company had revenue of $17.16 billion for the quarter, compared to the consensus estimate of $17.46 billion. During the same quarter last year, the firm posted $2.80 EPS. The firm's revenue was up 1.1% compared to the same quarter last year. Equities research analysts forecast that International Business Machines Corporation will post 12.33 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Monday, August 10th were paid a $1.69 dividend. This represents a $6.76 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Monday, August 10th. International Business Machines's dividend payout ratio is currently 59.98%.

International Business Machines Company Profile

International Business Machines Corporation NYSE: IBM, commonly known as IBM, is a global technology company that provides hybrid cloud, artificial intelligence, software, consulting and infrastructure solutions. Its offerings help businesses and government organizations manage data, modernize applications, automate processes and improve cybersecurity.

IBM's portfolio includes the Red Hat hybrid cloud platform, the watsonx suite of artificial intelligence and data tools, consulting services, and enterprise software for areas such as automation, application management, security and asset management.

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