Global Trust Asset Management LLC Buys 1,711 Shares of International Business Machines Corporation $IBM

Key Points

• Global Trust Asset Management LLC increased its stake in International Business Machines (IBM) by 67.7%, acquiring an additional 1,711 shares to hold a total of 4,237 shares valued at approximately $1.25 million.
• IBM reported a net income of $2.80 EPS for the last quarter, surpassing analysts' expectations, with quarterly revenue rising 7.7% year-over-year.
• The company recently declared a quarterly dividend of $1.68 per share, yielding 2.4%, with a dividend payout ratio of 109.09%.

Global Trust Asset Management LLC raised its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 67.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,237 shares of the technology company's stock after purchasing an additional 1,711 shares during the period. Global Trust Asset Management LLC's holdings in International Business Machines were worth $1,249,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IBM. Brighton Jones LLC increased its stake in International Business Machines by 12.4% in the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock valued at $4,619,000 after purchasing an additional 2,323 shares in the last quarter. Versant Capital Management Inc increased its stake in International Business Machines by 60.7% in the first quarter. Versant Capital Management Inc now owns 1,032 shares of the technology company's stock valued at $257,000 after purchasing an additional 390 shares in the last quarter. Somerset Trust Co acquired a new stake in shares of International Business Machines in the 1st quarter worth about $213,000. Investors Research Corp acquired a new stake in shares of International Business Machines in the 1st quarter worth about $202,000. Finally, Cerro Pacific Wealth Advisors LLC raised its holdings in shares of International Business Machines by 15.9% in the 1st quarter. Cerro Pacific Wealth Advisors LLC now owns 2,397 shares of the technology company's stock worth $596,000 after acquiring an additional 329 shares during the last quarter. 58.96% of the stock is owned by institutional investors.

International Business Machines Stock Up 1.2%

Shares of International Business Machines stock opened at $284.72 on Monday. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. The company has a 50-day moving average of $254.07 and a 200 day moving average of $258.11. The firm has a market cap of $264.62 billion, a price-to-earnings ratio of 46.22, a PEG ratio of 4.38 and a beta of 0.71. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year 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 (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 analyst estimates 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% compared to the same quarter last year. During the same period last year, the business earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on IBM shares. Stifel Nicolaus upped their target price on shares of International Business Machines from $290.00 to $310.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Sanford C. Bernstein initiated coverage on shares of International Business Machines in a research report on Monday, September 15th. They issued a "market perform" rating and a $280.00 price objective for the company. Wedbush upped their price objective on shares of International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a research report on Friday, June 20th. Wall Street Zen raised shares of International Business Machines from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Finally, Melius Research raised shares of International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, International Business Machines has an average rating of "Hold" and a consensus price target of $275.00.

International Business Machines 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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