International Business Machines Corporation $IBM Shares Bought by Cwm LLC

Key Points

• Cwm LLC increased its stake in International Business Machines Corporation by 3.0%, owning 122,623 shares valued at $36.15 million at the end of the most recent quarter.
• Analysts have recently raised their price targets for IBM shares, with estimates ranging from $260 to $325, signaling a generally positive outlook on the stock.
• The company reported better-than-expected earnings of $2.80 per share for the last quarter, exceeding consensus estimates, with a revenue increase of 7.7% year-over-year.

Cwm LLC boosted its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 3.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 122,623 shares of the technology company's stock after acquiring an additional 3,537 shares during the quarter. Cwm LLC's holdings in International Business Machines were worth $36,147,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IBM. GQG Partners LLC acquired a new stake in shares of International Business Machines in the first quarter valued at $1,040,057,000. Nuveen LLC acquired a new stake in shares of International Business Machines in the first quarter valued at $960,386,000. Vanguard Group Inc. grew its stake in shares of International Business Machines by 1.4% in the first quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company's stock valued at $23,159,637,000 after buying an additional 1,298,515 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of International Business Machines by 41.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,164,987 shares of the technology company's stock valued at $787,007,000 after buying an additional 930,448 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of International Business Machines by 20.8% in the first quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company's stock valued at $1,282,550,000 after buying an additional 889,008 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Wedbush lifted their price objective on 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 lifted their price objective on 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. JPMorgan Chase & Co. lifted their price objective on International Business Machines from $244.00 to $290.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Sanford C. Bernstein initiated coverage on International Business Machines in a report on Monday, September 15th. They issued a "market perform" rating and a $280.00 target price for the company. Finally, Wall Street Zen upgraded International Business Machines from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $284.62.

International Business Machines Trading Down 3.5%

NYSE:IBM opened at $278.09 on Friday. The firm has a market cap of $258.45 billion, a PE ratio of 45.14, a price-to-earnings-growth ratio of 4.28 and a beta of 0.73. The stock has a fifty day moving average price of $258.19 and a 200 day moving average price of $260.68. International Business Machines Corporation has a 12-month low of $203.51 and a 12-month high of $301.04. 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 announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.65 by $0.15. The company 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%.International Business Machines's revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

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

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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