CreativeOne Wealth LLC Boosts Stake in International Business Machines Corporation $IBM

Key Points

• CreativeOne Wealth LLC increased its holdings in International Business Machines Corporation by 12.4% this quarter, purchasing an additional 3,177 shares, bringing its total to 28,866 shares valued at $7,178,000.
• IBM's recent earnings report showed an EPS of $2.80, exceeding analysts' estimates, while the company reported a 7.7% increase in quarterly revenue year-over-year.
• The company will pay a quarterly dividend of $1.68 on September 10th, resulting in an annualized dividend yield of 2.8%, but its payout ratio is currently at 109.09%.

CreativeOne Wealth LLC increased its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 12.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,866 shares of the technology company's stock after purchasing an additional 3,177 shares during the period. CreativeOne Wealth LLC's holdings in International Business Machines were worth $7,178,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in International Business Machines by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company's stock worth $23,159,637,000 after buying an additional 1,298,515 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in International Business Machines by 9.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,112,092 shares of the technology company's stock worth $1,783,281,000 after buying an additional 722,582 shares during the last quarter. Ameriprise Financial Inc. raised its position in International Business Machines by 1.0% in the 1st quarter. Ameriprise Financial Inc. now owns 5,516,240 shares of the technology company's stock worth $1,371,812,000 after buying an additional 52,317 shares during the last quarter. Goldman Sachs Group Inc. raised its position in International Business Machines by 20.8% in 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 buying an additional 889,008 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in International Business Machines by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,108,455 shares of the technology company's stock worth $1,270,022,000 after buying an additional 24,790 shares during the last quarter. Institutional investors own 58.96% of the company's stock.

International Business Machines Trading Down 0.9%

IBM traded down $2.14 on Friday, reaching $243.59. 2,965,964 shares of the company traded hands, compared to its average volume of 4,695,393. International Business Machines Corporation has a one year low of $198.27 and a one year high of $296.16. The company has a market cap of $226.39 billion, a P/E ratio of 39.54, a price-to-earnings-growth ratio of 3.77 and a beta of 0.69. The firm has a fifty day simple moving average of $266.46 and a two-hundred day simple moving average of $257.71. 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 (NYSE:IBM - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) 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 company had revenue of $16.98 billion for the quarter, compared to analysts' expectations of $16.58 billion. During the same period in the prior year, the business earned $2.43 EPS. The firm'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, equities research analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently announced 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 of this dividend is Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.8%. International Business Machines's payout ratio is 109.09%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on IBM. 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. BMO Capital Markets upped their price target on shares of International Business Machines from $260.00 to $300.00 and gave the company a "market perform" rating in a research report on Friday, July 18th. Melius Research raised shares of International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. Wedbush upped their price target on shares of International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a research report on Friday, June 20th. Finally, Stifel Nicolaus upped their price target on shares of International Business Machines from $290.00 to $310.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, International Business Machines currently has an average rating of "Hold" and a consensus price target of $268.75.

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.