First Pacific Financial Has $4.71 Million Stock Position in International Business Machines Corporation $IBM

Key Points

• First Pacific Financial significantly increased its stake in International Business Machines Corporation (IBM) by 2,274.7% in Q2, holding 15,982 shares valued at $4.71 million, making it IBM's 20th largest position in their portfolio.
• IBM recently announced a quarterly dividend of $1.68 per share, resulting in a 2.4% dividend yield, despite a payout ratio of 109.09%.
• In Q2, IBM reported $2.80 EPS, exceeding analysts' estimates, with revenue of $16.98 billion, up 7.7% year-over-year.

First Pacific Financial raised its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 2,274.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,982 shares of the technology company's stock after purchasing an additional 15,309 shares during the quarter. International Business Machines accounts for 0.7% of First Pacific Financial's investment portfolio, making the stock its 20th largest position. First Pacific Financial's holdings in International Business Machines were worth $4,711,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. GQG Partners LLC purchased a new position in International Business Machines during the first quarter worth about $1,040,057,000. Nuveen LLC bought a new position in International Business Machines during the 1st quarter valued at approximately $960,386,000. Vanguard Group Inc. raised its position in shares of 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 acquiring an additional 1,298,515 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of International Business Machines by 41.6% in 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 acquiring an additional 930,448 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of 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. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Stock Up 0.9%

IBM stock opened at $282.19 on Wednesday. The company has a market cap of $262.27 billion, a price-to-earnings ratio of 45.81, a PEG ratio of 4.31 and a beta of 0.71. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. International Business Machines Corporation has a 12 month low of $203.51 and a 12 month high of $296.16. The firm has a 50-day moving average of $253.98 and a two-hundred day moving average of $258.50.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, beating analysts' consensus estimates of $2.65 by $0.15. The company had revenue of $16.98 billion during 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%. International Business Machines's quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. As a group, analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were given a dividend of $1.68 per share. This represents a $6.72 annualized dividend 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 Analysts Forecast Growth

A number of research firms have recently issued reports on IBM. Sanford C. Bernstein initiated 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. Erste Group Bank cut International Business Machines from a "buy" rating to a "hold" rating in a report on Thursday, August 14th. JPMorgan Chase & Co. lifted their target price on International Business Machines from $244.00 to $290.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. BMO Capital Markets boosted their price target on International Business Machines from $260.00 to $300.00 and gave the company a "market perform" rating in a report on Friday, July 18th. Finally, UBS Group upped their price target on shares of International Business Machines from $195.00 to $200.00 and gave the company 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 assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average 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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