International Business Machines Corporation $IBM Shares Acquired by Diversified Enterprises LLC

Key Points

• Diversified Enterprises LLC increased its stake in International Business Machines Corporation (IBM) by 16.7%, now owning 7,634 shares valued at $2,250,000.
• IBM reported earnings per share of $2.80 for the last quarter, exceeding analysts' estimates by $0.15, with revenue reaching $16.98 billion.
• The company declared a quarterly dividend of $1.68 per share, which results in an annualized dividend yield of 2.4%.

Diversified Enterprises LLC increased its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 16.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,634 shares of the technology company's stock after acquiring an additional 1,092 shares during the quarter. Diversified Enterprises LLC's holdings in International Business Machines were worth $2,250,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. West Branch Capital LLC grew its holdings in shares of International Business Machines by 22.3% in the 2nd quarter. West Branch Capital LLC now owns 5,413 shares of the technology company's stock worth $1,596,000 after acquiring an additional 987 shares during the last quarter. Gradient Capital Advisors LLC grew its holdings in shares of International Business Machines by 2.5% in the 2nd quarter. Gradient Capital Advisors LLC now owns 1,948 shares of the technology company's stock worth $574,000 after acquiring an additional 47 shares during the last quarter. Stillwater Capital Advisors LLC acquired a new position in shares of International Business Machines in the 2nd quarter worth $230,000. Highline Wealth Partners LLC grew its holdings in shares of International Business Machines by 85.0% in the 2nd quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company's stock worth $33,000 after acquiring an additional 51 shares during the last quarter. Finally, Meridian Investment Counsel Inc. grew its holdings in shares of International Business Machines by 1.1% in the 2nd quarter. Meridian Investment Counsel Inc. now owns 8,858 shares of the technology company's stock worth $2,611,000 after acquiring an additional 100 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $284.72 on Friday. International Business Machines Corporation has a fifty-two week low of $203.51 and a fifty-two week high of $296.16. The business has a 50-day moving average of $254.07 and a two-hundred day moving average of $257.97. The stock has a market capitalization of $264.62 billion, a P/E ratio of 46.22, a P/E/G ratio of 4.33 and a beta of 0.71. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results 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 return on equity of 37.62% and a net margin of 9.11%.The company had revenue of $16.98 billion during the quarter, compared to analysts' expectations of $16.58 billion. During the same quarter in the previous year, the firm earned $2.43 earnings per share. The business's quarterly revenue was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. On average, equities research analysts predict that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were issued a $1.68 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 annualized dividend and a yield of 2.4%. International Business Machines's dividend payout ratio is 109.09%.

Analysts Set New Price Targets

Several brokerages have recently commented on IBM. Erste Group Bank cut International Business Machines from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. Wall Street Zen raised International Business Machines from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Stifel Nicolaus raised their target price 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. Bank of America decreased their target price 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. Finally, UBS Group lifted their price objective on International Business Machines from $195.00 to $200.00 and gave the company a "sell" rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $275.00.

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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