International Business Machines Corporation $IBM is Alpha Omega Wealth Management LLC's 7th Largest Position

Key Points

• Alpha Omega Wealth Management LLC reduced its holdings in International Business Machines Corporation (IBM) by 6.4%, making it the firm's 7th largest position at approximately $10.99 million in value.
• IBM reported a quarterly earnings per share of $2.80, exceeding analyst estimates, along with a revenue of $16.98 billion, which is up 7.7% year-over-year.
• The company recently paid a quarterly dividend of $1.68 per share, representing a dividend yield of 2.5% and a payout ratio of 109.09%.

Alpha Omega Wealth Management LLC trimmed its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 6.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 37,275 shares of the technology company's stock after selling 2,550 shares during the period. International Business Machines accounts for about 2.0% of Alpha Omega Wealth Management LLC's holdings, making the stock its 7th biggest holding. Alpha Omega Wealth Management LLC's holdings in International Business Machines were worth $10,988,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Lifestyle Asset Management Inc. lifted its holdings in International Business Machines by 1.7% in the 2nd quarter. Lifestyle Asset Management Inc. now owns 2,144 shares of the technology company's stock worth $632,000 after buying an additional 36 shares in the last quarter. Blue Edge Capital LLC lifted its holdings in International Business Machines by 0.6% in the 1st quarter. Blue Edge Capital LLC now owns 6,776 shares of the technology company's stock worth $1,685,000 after buying an additional 39 shares in the last quarter. Tacita Capital Inc lifted its holdings in International Business Machines by 20.8% in the 1st quarter. Tacita Capital Inc now owns 232 shares of the technology company's stock worth $58,000 after buying an additional 40 shares in the last quarter. Global Financial Private Client LLC lifted its holdings in International Business Machines by 0.4% in the 2nd quarter. Global Financial Private Client LLC now owns 10,548 shares of the technology company's stock worth $3,109,000 after buying an additional 41 shares in the last quarter. Finally, Pallas Capital Advisors LLC lifted its holdings in International Business Machines by 0.9% in the 1st quarter. Pallas Capital Advisors LLC now owns 4,805 shares of the technology company's stock worth $1,195,000 after buying an additional 42 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Price Performance

NYSE IBM opened at $271.87 on Tuesday. International Business Machines Corporation has a 52 week low of $203.51 and a 52 week high of $296.16. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. The stock has a market cap of $252.67 billion, a price-to-earnings ratio of 44.13, a price-to-earnings-growth ratio of 4.10 and a beta of 0.71. The company has a 50-day moving average price of $254.58 and a two-hundred day moving average price of $257.38.

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, topping the consensus estimate of $2.65 by $0.15. The firm had revenue of $16.98 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. Analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were issued a $1.68 dividend. The ex-dividend date was Friday, August 8th. This represents a $6.72 annualized dividend and a dividend yield of 2.5%. International Business Machines's dividend payout ratio (DPR) is 109.09%.

Wall Street Analyst Weigh In

IBM has been the topic of a number of recent analyst reports. Sanford C. Bernstein started 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 on the stock. The Goldman Sachs Group upped their target price on shares of International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Wedbush upped their target price on shares of International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a research note on Friday, June 20th. BMO Capital Markets upped their target price on shares of International Business Machines from $260.00 to $300.00 and gave the company a "market perform" rating in a research note on Friday, July 18th. Finally, Royal Bank Of Canada upped their target price on shares of International Business Machines from $285.00 to $315.00 and gave the company an "outperform" rating in a research note on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price 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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