Fulcrum Wealth Advisors LLC Has $2.94 Million Stake in International Business Machines Corporation $IBM

Key Points

• Fulcrum Wealth Advisors cut its IBM stake by 22.3% in the second quarter, selling 3,007 shares and retaining 10,462 shares valued at approximately $2.94 million. Institutional investors collectively own 58.96% of IBM.
• IBM’s latest earnings matched EPS expectations at $2.93, but revenue of $17.16 billion fell short of the $17.46 billion consensus estimate. The stock recently traded below its 50-day and 200-day moving averages, reflecting near-term investor concerns.
• IBM’s quantum-computing progress remains a major potential catalyst: the company connected and cooled modular cryogenic systems as part of its plan for a 1,000-qubit system and a fault-tolerant quantum computer targeted for 2029. Analysts maintain a “Moderate Buy” consensus with an average price target of $265.40, while IBM continues to offer a 2.9% dividend yield.

Fulcrum Wealth Advisors LLC trimmed its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 22.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,462 shares of the technology company's stock after selling 3,007 shares during the period. International Business Machines accounts for about 2.2% of Fulcrum Wealth Advisors LLC's investment portfolio, making the stock its 18th largest position. Fulcrum Wealth Advisors LLC's holdings in International Business Machines were worth $2,942,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Basepoint Wealth LLC bought a new position in shares of International Business Machines in the fourth quarter valued at approximately $25,000. Portus Wealth Advisors LLC bought a new stake in shares of International Business Machines during the 1st quarter worth $26,000. Joseph Group Capital Management acquired a new position in International Business Machines in the 4th quarter valued at $28,000. Cornerstone Financial Management LLC bought a new position in International Business Machines in the 4th quarter worth $28,000. Finally, SWAN Capital LLC acquired a new position in International Business Machines during the 3rd quarter worth $28,000. Institutional investors own 58.96% of the company's stock.

International Business Machines News Roundup

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: IBM successfully connected and cooled two modular cryogenic systems to below 15 millikelvin, creating an architecture intended to link hundreds of quantum chips. The company says the design supports its goal of a 1,000-programmable-qubit system and the planned Quantum Starling fault-tolerant computer in 2029. IBM Connects Its First Modular Cryogenic Systems in Milestone Toward Fault-Tolerant Quantum Computing
• Positive Sentiment: The quantum announcement has generated favorable coverage and previously supported gains in IBM shares, reinforcing the company’s positioning in the emerging quantum-computing race. If IBM meets its roadmap, the technology could create a significant long-term growth opportunity beyond its traditional software, consulting and infrastructure businesses. IBM Clears Major Hardware Hurdle on the Path to Its Quantum Supercomputer
• Neutral Sentiment: IBM-related customer news highlighted continued use of IBM Maximo software for industrial safety and asset management. The award provides third-party validation for the platform, but its near-term financial impact appears limited. CEPR and Cohesive Receive Maximo Award for Power Plant Health and Safety Excellence
• Negative Sentiment: A law firm announced an investigation into possible securities-law violations following IBM’s substantial recent decline. The announcement does not establish wrongdoing, but it adds headline and litigation risk while potentially undermining investor confidence. IBM Investor Reminder: Securities Fraud Investigation
• Negative Sentiment: Recent earnings showed revenue below analyst expectations even though EPS matched consensus, while commentary comparing IBM with Accenture questioned IBM’s relative dividend and financial appeal. With the stock below its 50-day and 200-day moving averages, investors may be demanding clearer near-term growth before assigning more value to the quantum opportunity. IBM vs. Accenture: The Better Dividend Stock May Surprise You

International Business Machines Stock Performance

NYSE:IBM opened at $233.40 on Friday. The firm's 50-day moving average is $247.90 and its 200-day moving average is $250.98. International Business Machines Corporation has a 52-week low of $199.19 and a 52-week high of $332.46. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.79. The company has a market cap of $219.89 billion, a price-to-earnings ratio of 20.71, a PEG ratio of 2.33 and a beta of 0.70.

International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results on Wednesday, July 22nd. The technology company reported $2.93 earnings per share for the quarter, meeting the consensus estimate of $2.93. International Business Machines had a net margin of 15.52% and a return on equity of 35.65%. The business had revenue of $17.16 billion during the quarter, compared to analysts' expectations of $17.46 billion. During the same quarter last year, the company earned $2.80 earnings per share. The firm's revenue was up 1.1% on a year-over-year basis. Equities research analysts anticipate that International Business Machines Corporation will post 12.33 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be given a $1.69 dividend. The ex-dividend date is Monday, August 10th. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.9%. International Business Machines's dividend payout ratio (DPR) is currently 59.98%.

Analyst Ratings Changes

A number of research firms have issued reports on IBM. Morgan Stanley decreased their price target on shares of International Business Machines from $293.00 to $190.00 and set an "equal weight" rating for the company in a report on Thursday, July 23rd. Wedbush set a $350.00 price objective on International Business Machines in a research report on Tuesday, June 2nd. Craig Hallum assumed coverage on International Business Machines in a research note on Wednesday. They set a "buy" rating for the company. Robert W. Baird initiated coverage on International Business Machines in a report on Tuesday, July 21st. They issued a "neutral" rating and a $230.00 target price on the stock. Finally, Barclays dropped their price target on International Business Machines from $288.00 to $262.00 and set an "overweight" rating on the stock in a research report on Thursday, July 23rd. Sixteen investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $265.40.

International Business Machines Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM's principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.

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