Fifth Third Wealth Advisors LLC Raises Stock Holdings in International Business Machines Corporation $IBM

Key Points

• Fifth Third Wealth Advisors LLC increased its holdings in International Business Machines Corporation (IBM) by 7.9% in the second quarter, owning 15,238 shares valued at approximately $4.49 million.
• IBM reported earnings of $2.80 per share for the last quarter, exceeding analysts' expectations, and its quarterly revenue increased by 7.7% year-over-year.
• The company announced a quarterly dividend of $1.68 per share, resulting in an annualized dividend yield of 2.4%, despite having a high payout ratio of 109.09%.

Fifth Third Wealth Advisors LLC boosted its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 7.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,238 shares of the technology company's stock after purchasing an additional 1,118 shares during the quarter. Fifth Third Wealth Advisors LLC's holdings in International Business Machines were worth $4,492,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MinichMacGregor Wealth Management LLC purchased a new position in shares of International Business Machines in the first quarter valued at approximately $396,000. Brooklyn Investment Group lifted its position in shares of International Business Machines by 32.7% in the first quarter. Brooklyn Investment Group now owns 6,622 shares of the technology company's stock valued at $1,647,000 after acquiring an additional 1,630 shares in the last quarter. Edgar Lomax Co. VA lifted its position in shares of International Business Machines by 5.7% in the first quarter. Edgar Lomax Co. VA now owns 235,967 shares of the technology company's stock valued at $58,676,000 after acquiring an additional 12,690 shares in the last quarter. Left Brain Wealth Management LLC lifted its position in shares of International Business Machines by 1,547.8% in the first quarter. Left Brain Wealth Management LLC now owns 17,664 shares of the technology company's stock valued at $4,392,000 after acquiring an additional 16,592 shares in the last quarter. Finally, Alpha Cubed Investments LLC lifted its position in shares of International Business Machines by 47.0% in the first quarter. Alpha Cubed Investments LLC now owns 7,507 shares of the technology company's stock valued at $1,867,000 after acquiring an additional 2,399 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines Price Performance

IBM stock opened at $278.09 on Friday. The business has a fifty day moving average of $258.19 and a two-hundred day moving average of $260.60. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. The stock has a market cap of $258.45 billion, a price-to-earnings ratio of 45.14, a price-to-earnings-growth ratio of 4.44 and a beta of 0.73. International Business Machines Corporation has a 52-week low of $203.51 and a 52-week high of $301.04.

International Business Machines (NYSE:IBM - Get Free Report) last posted 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. The company had revenue of $16.98 billion during 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 firm's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were paid a dividend of $1.68 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 annualized dividend and a yield of 2.4%. International Business Machines's dividend payout ratio (DPR) is 109.09%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on IBM. Stifel Nicolaus raised their target price on International Business Machines from $290.00 to $310.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Wall Street Zen raised International Business Machines from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Melius Research raised International Business Machines to a "strong-buy" rating in a report on Monday, July 7th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of International Business Machines in a report on Wednesday. Finally, Wedbush increased their price target on International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a report on Friday, June 20th. One 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 given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $284.62.

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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