Birinyi Associates Inc. Has $5.36 Million Stock Holdings in International Business Machines Corporation $IBM

Key Points

• Birinyi Associates Inc. increased its holdings in International Business Machines Corporation (IBM) by 17.7%, now owning 18,171 shares valued at approximately $5.36 million.
• Several hedge funds have recently established new positions in IBM, with institutional investors and hedge funds collectively owning 58.96% of the stock.
• Analysts have a mixed outlook on IBM, with a consensus rating of "Hold" and an average price target of $284.62, while Goldman Sachs upgraded their target price to $310.00 with a "buy" rating.

Birinyi Associates Inc. grew its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 17.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,171 shares of the technology company's stock after purchasing an additional 2,730 shares during the quarter. International Business Machines makes up 1.6% of Birinyi Associates Inc.'s holdings, making the stock its 15th biggest holding. Birinyi Associates Inc.'s holdings in International Business Machines were worth $5,356,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Family CFO Inc acquired a new position in International Business Machines during the 2nd quarter worth about $25,000. Christopher J. Hasenberg Inc acquired a new position in shares of International Business Machines in the first quarter worth approximately $27,000. SSA Swiss Advisors AG acquired a new position in shares of International Business Machines in the first quarter worth approximately $28,000. Dagco Inc. acquired a new position in shares of International Business Machines in the first quarter worth approximately $31,000. Finally, Silicon Valley Capital Partners lifted its position in shares of International Business Machines by 322.6% in the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company's stock worth $32,000 after purchasing an additional 100 shares during the period. 58.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Weiss Ratings reissued a "hold (c+)" rating on shares of International Business Machines in a research note on Saturday, September 27th. Erste Group Bank lowered International Business Machines from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. Sanford C. Bernstein started coverage on International Business Machines in a research note on Monday, September 15th. They issued a "market perform" rating and a $280.00 price target on the stock. Finally, Bank of America dropped their price target on International Business Machines from $320.00 to $310.00 and set a "buy" rating on the stock in a research note on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, International Business Machines has a consensus rating of "Hold" and an average price target of $284.62.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $293.84 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. International Business Machines Corporation has a twelve month low of $203.51 and a twelve month high of $301.04. The stock's 50 day moving average is $256.34 and its 200-day moving average is $259.93. The firm has a market capitalization of $273.10 billion, a price-to-earnings ratio of 47.70, a PEG ratio of 4.46 and a beta of 0.73.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share 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 for the quarter, compared to the consensus estimate of $16.58 billion. During the same quarter in the prior year, the company posted $2.43 earnings per share. The business's revenue was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. Sell-side analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were issued a $1.68 dividend. This represents a $6.72 dividend on an annualized basis 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%.

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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