G&S Capital LLC Boosts Stock Holdings in International Business Machines Corporation $IBM

Key Points

• G&S Capital LLC increased its stake in International Business Machines Corporation (IBM) by 61.9%, owning 20,293 shares valued at approximately $5,982,000, making IBM its 6th largest holding.
• Analysts have raised their price targets for IBM stock, with Goldman Sachs lifting it from $270 to $310 and JPMorgan Chase from $244 to $290, reflecting a generally positive outlook.
• IBM reported $2.80 earnings per share for its latest quarter, exceeding estimates and marking a revenue increase of 7.7% year-over-year, with a recent quarterly dividend of $1.68.

G&S Capital LLC increased its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 61.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,293 shares of the technology company's stock after purchasing an additional 7,755 shares during the quarter. International Business Machines makes up approximately 2.4% of G&S Capital LLC's holdings, making the stock its 6th largest holding. G&S Capital LLC's holdings in International Business Machines were worth $5,982,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of International Business Machines by 1.4% in the first quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company's stock worth $23,159,637,000 after purchasing an additional 1,298,515 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of International Business Machines by 6.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,636,725 shares of the technology company's stock worth $2,147,608,000 after purchasing an additional 524,633 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of International Business Machines by 1.0% in the first quarter. Ameriprise Financial Inc. now owns 5,516,240 shares of the technology company's stock worth $1,371,812,000 after purchasing an additional 52,317 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in International Business Machines by 20.8% in the first 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 period. Finally, Dimensional Fund Advisors LP lifted its holdings in International Business Machines by 0.5% in the first 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 period. 58.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. The Goldman Sachs Group raised their price objective on shares of International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Sanford C. Bernstein assumed coverage on shares of International Business Machines in a report on Monday, September 15th. They issued a "market perform" rating and a $280.00 price objective for the company. JPMorgan Chase & Co. raised their price objective on shares of International Business Machines from $244.00 to $290.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. UBS Group raised their price objective on shares of International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a report on Thursday, July 24th. Finally, Wedbush raised their price objective on shares of International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a report on Friday, June 20th. One 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 MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $275.00.

International Business Machines Price Performance

IBM stock opened at $280.02 on Tuesday. The firm has a 50 day moving average price of $253.98 and a 200-day moving average price of $258.34. International Business Machines Corporation has a 52-week low of $203.51 and a 52-week high of $296.16. The firm has a market capitalization of $260.25 billion, a price-to-earnings ratio of 45.46, a PEG ratio of 4.38 and a beta of 0.71. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $16.58 billion. During the same period in the previous year, the business earned $2.43 EPS. The firm's revenue for the quarter was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. Equities research analysts forecast that International Business Machines Corporation will post 10.78 EPS 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. Investors of record on Friday, August 8th were issued a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Friday, August 8th. International Business Machines's payout ratio is presently 109.09%.

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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