Hilltop National Bank Acquires Shares of 8,675 International Business Machines Corporation $IBM

Key Points

• Hilltop National Bank acquired 8,675 shares of International Business Machines Corporation (IBM) for approximately $2,557,000 in the second quarter.
• IBM recently announced a quarterly dividend of $1.68 per share, representing a dividend yield of 2.3% with a dividend payout ratio of 109.09%.
• Analysts give IBM a current average rating of "Moderate Buy" and a price target of $284.62, following various upgrades and downgrades from multiple research firms.

Hilltop National Bank acquired a new stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 8,675 shares of the technology company's stock, valued at approximately $2,557,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. MinichMacGregor Wealth Management LLC bought a new position in shares of International Business Machines during the 1st quarter valued at approximately $396,000. Brooklyn Investment Group boosted its position in shares of International Business Machines by 32.7% during the 1st quarter. Brooklyn Investment Group now owns 6,622 shares of the technology company's stock valued at $1,647,000 after acquiring an additional 1,630 shares during the last quarter. Edgar Lomax Co. VA boosted its position in shares of International Business Machines by 5.7% during the 1st quarter. Edgar Lomax Co. VA now owns 235,967 shares of the technology company's stock valued at $58,676,000 after acquiring an additional 12,690 shares during the last quarter. Left Brain Wealth Management LLC boosted its position in shares of International Business Machines by 1,547.8% during the 1st quarter. Left Brain Wealth Management LLC now owns 17,664 shares of the technology company's stock valued at $4,392,000 after acquiring an additional 16,592 shares during the last quarter. Finally, Alpha Cubed Investments LLC boosted its position in shares of International Business Machines by 47.0% during the 1st quarter. Alpha Cubed Investments LLC now owns 7,507 shares of the technology company's stock valued at $1,867,000 after acquiring an additional 2,399 shares during the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on IBM. Wall Street Zen upgraded International Business Machines from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Bank of America lowered their price target on International Business Machines from $320.00 to $310.00 and set a "buy" rating for the company in a research report on Thursday, July 24th. Stifel Nicolaus raised their price target on International Business Machines from $290.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. UBS Group raised their price target on International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a research report on Thursday, July 24th. Finally, Erste Group Bank downgraded International Business Machines from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, International Business Machines presently has an average rating of "Moderate Buy" and an average price target of $284.62.

International Business Machines Stock Up 0.2%

NYSE:IBM opened at $287.05 on Friday. International Business Machines Corporation has a twelve month low of $203.51 and a twelve month high of $296.16. The company has a market cap of $266.78 billion, a price-to-earnings ratio of 46.60, a price-to-earnings-growth ratio of 4.41 and a beta of 0.73. The stock has a fifty day simple moving average of $254.60 and a 200-day simple moving average of $258.93. 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 (NYSE:IBM - Get Free Report) last released its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.65 by $0.15. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The business had revenue of $16.98 billion during the quarter, compared to the consensus estimate of $16.58 billion. During the same period last year, the company earned $2.43 earnings per share. The business's revenue for the quarter was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. Analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently announced 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 2.3%. The ex-dividend date was Friday, August 8th. International Business Machines's dividend payout ratio (DPR) is 109.09%.

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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