HFM Investment Advisors LLC Invests $402,000 in International Business Machines Corporation $IBM

Key Points

• HFM Investment Advisors LLC invested $402,000 by acquiring 1,617 shares of International Business Machines Corporation (IBM), making it their 16th largest holding.
• IBM experienced significant institutional investments, with GAMMA Investing LLC increasing its stake by over 29,564%, now owning approximately 4.4 million shares valued at about $10.9 billion.
• The company recently announced a quarterly dividend of $1.68 per share, resulting in a yield of 2.6%, although its dividend payout ratio is high at 109.09%.

HFM Investment Advisors LLC acquired a new position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,617 shares of the technology company's stock, valued at approximately $402,000. International Business Machines makes up 0.1% of HFM Investment Advisors LLC's investment portfolio, making the stock its 16th largest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in IBM. GAMMA Investing LLC raised its stake in shares of International Business Machines by 29,564.2% during the 1st quarter. GAMMA Investing LLC now owns 4,399,790 shares of the technology company's stock worth $10,940,520,000 after purchasing an additional 4,384,958 shares in the last quarter. GQG Partners LLC acquired a new position in shares of International Business Machines during the 1st quarter worth approximately $1,040,057,000. Nuveen LLC acquired a new position in shares of International Business Machines during the 1st quarter worth approximately $960,386,000. Vanguard Group Inc. increased its holdings in shares of International Business Machines by 1.4% during 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 during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of International Business Machines by 41.6% during 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 during the last quarter. Institutional investors own 58.96% of the company's stock.

International Business Machines Price Performance

Shares of IBM stock opened at $256.20 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. International Business Machines Corporation has a twelve month low of $201.43 and a twelve month high of $296.16. The company has a market cap of $238.11 billion, a P/E ratio of 41.59, a P/E/G ratio of 3.83 and a beta of 0.71. The business has a fifty day simple moving average of $260.31 and a 200 day simple moving average of $256.97.

International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, beating the consensus estimate of $2.65 by $0.15. The firm had revenue of $16.98 billion during the quarter, compared to the consensus estimate of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The business's quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the company earned $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. On average, sell-side 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 announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th will be given a $1.68 dividend. The ex-dividend date is Friday, August 8th. This represents a $6.72 annualized dividend and a yield of 2.6%. International Business Machines's dividend payout ratio (DPR) is currently 109.09%.

Analyst Ratings Changes

IBM has been the topic of a number of recent analyst reports. The Goldman Sachs Group boosted their target price on International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. UBS Group boosted their target price on International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a report on Thursday, July 24th. Bank of America decreased their price objective on International Business Machines from $320.00 to $310.00 and set a "buy" rating on the stock in a report on Thursday, July 24th. Wedbush upped their price objective on International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a report on Friday, June 20th. Finally, Stifel Nicolaus upped their price objective on International Business Machines from $290.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $268.75.

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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