Columbia Asset Management Has $10.07 Million Position in International Business Machines Corporation $IBM

Key Points

• Columbia Asset Management has decreased its position in International Business Machines Corporation (IBM) by 6.8% in the 2nd quarter, holding 34,146 shares worth approximately $10.07 million.
• Several hedge funds, including GQG Partners LLC and Vanguard Group Inc., have made significant investments in IBM recently, indicating strong institutional interest.
• IBM reported better-than-expected quarterly earnings with $2.80 EPS against a consensus estimate of $2.65, alongside an annual revenue increase of 7.7% year-over-year.

Columbia Asset Management decreased its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 6.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,146 shares of the technology company's stock after selling 2,508 shares during the quarter. International Business Machines comprises approximately 2.0% of Columbia Asset Management's investment portfolio, making the stock its 8th largest position. Columbia Asset Management's holdings in International Business Machines were worth $10,066,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in IBM. GQG Partners LLC bought a new position in International Business Machines during the 1st quarter worth approximately $1,040,057,000. Nuveen LLC bought a new position in International Business Machines during the 1st quarter worth approximately $960,386,000. Vanguard Group Inc. raised its holdings in International Business Machines by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company's stock worth $23,159,637,000 after purchasing an additional 1,298,515 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in International Business Machines by 41.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,164,987 shares of the technology company's stock worth $787,007,000 after purchasing an additional 930,448 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in International Business Machines by 20.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company's stock worth $1,282,550,000 after purchasing an additional 889,008 shares during the last quarter. Institutional investors own 58.96% of the company's stock.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $282.19 on Wednesday. The company's 50-day moving average is $253.98 and its 200 day moving average is $258.50. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91. The company has a market capitalization of $262.27 billion, a P/E ratio of 45.81, a price-to-earnings-growth ratio of 4.31 and a beta of 0.71. International Business Machines Corporation has a fifty-two week low of $203.51 and a fifty-two week high of $296.16.

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

International Business Machines Announces Dividend

The business also recently declared 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 2.4%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines's payout ratio is 109.09%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on IBM shares. BMO Capital Markets lifted their price objective on shares of International Business Machines from $260.00 to $300.00 and gave the company a "market perform" rating in a research note on Friday, July 18th. Wedbush lifted their price objective on shares of International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a research note on Friday, June 20th. Erste Group Bank lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. Royal Bank Of Canada lifted their price target on shares of International Business Machines from $285.00 to $315.00 and gave the company an "outperform" rating in a research report on Thursday, July 17th. Finally, UBS Group lifted their price objective 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. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $275.00.

About International Business Machines

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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