International Business Machines Corporation $IBM Position Raised by Valmark Advisers Inc.

Key Points

• Valmark Advisers Inc. increased its position in IBM by 22.9%, holding 6,174 shares worth approximately $1.82 million at the end of Q2.
• IBM reported quarterly earnings with an EPS of $2.80, surpassing estimates and showing a year-over-year revenue growth of 7.7%.
• The company declared a quarterly dividend of $1.68 per share, translating to an annual yield of 2.3%, despite a high payout ratio of 109.09%.

Valmark Advisers Inc. increased its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 22.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,174 shares of the technology company's stock after purchasing an additional 1,152 shares during the period. Valmark Advisers Inc.'s holdings in International Business Machines were worth $1,820,000 at the end of the most recent quarter.

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

International Business Machines Trading Down 1.6%

International Business Machines stock opened at $289.31 on Thursday. The company's fifty day simple moving average is $256.92 and its 200-day simple moving average is $260.14. 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 12 month low of $203.51 and a 12 month high of $301.04. The stock has a market cap of $268.88 billion, a P/E ratio of 46.97, a P/E/G ratio of 4.52 and a beta of 0.73.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly 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. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The business had revenue of $16.98 billion for the quarter, compared to analysts' expectations of $16.58 billion. During the same period in the previous year, the company posted $2.43 EPS. International Business Machines's revenue was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently disclosed 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 2.3%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines's payout ratio is presently 109.09%.

Wall Street Analyst Weigh In

Several research firms have weighed in on IBM. Wedbush lifted 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 upgraded shares of International Business Machines from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Stifel Nicolaus lifted their price objective on shares of International Business Machines from $290.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. JPMorgan Chase & Co. lifted their price objective on shares of International Business Machines from $244.00 to $290.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Finally, Melius Research upgraded shares of International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $284.62.

About International Business Machines

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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