International Business Machines Corporation $IBM Shares Bought by Harbour Investments Inc.

Key Points

• Harbour Investments Inc. increased its holdings in IBM by 19.6%, owning 8,458 shares valued at approximately $2.49 million after acquiring additional shares in the second quarter.
• IBM's stock price opened at $275.93, with a market capitalization of $256.45 billion, and had a 52-week trading range between $203.51 and $301.04.
• The company recently declared a quarterly dividend of $1.68, with a dividend yield of 2.4%, although its dividend payout ratio is notably high at 109.09%.

Harbour Investments Inc. raised its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 19.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 8,458 shares of the technology company's stock after acquiring an additional 1,389 shares during the period. Harbour Investments Inc.'s holdings in International Business Machines were worth $2,493,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of IBM. Brighton Jones LLC raised its holdings in International Business Machines by 12.4% in the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock valued at $4,619,000 after acquiring an additional 2,323 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of International Business Machines by 19.3% during the 1st quarter. GAMMA Investing LLC now owns 17,694 shares of the technology company's stock worth $4,400,000 after buying an additional 2,862 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in International Business Machines by 27.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,158,366 shares of the technology company's stock valued at $288,039,000 after purchasing an additional 250,283 shares in the last quarter. Shepherd Financial Partners LLC increased its holdings in International Business Machines by 12.1% in the 1st quarter. Shepherd Financial Partners LLC now owns 1,062 shares of the technology company's stock valued at $264,000 after purchasing an additional 115 shares in the last quarter. Finally, Johnson Investment Counsel Inc. boosted its position in International Business Machines by 1.5% in the 1st quarter. Johnson Investment Counsel Inc. now owns 39,905 shares of the technology company's stock valued at $9,923,000 after buying an additional 604 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on IBM shares. Morgan Stanley upped their price objective on shares of International Business Machines from $253.00 to $256.00 and gave the company an "equal weight" rating in a research report on Wednesday. Stifel Nicolaus upped their price objective on shares of International Business Machines from $290.00 to $310.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. BMO Capital Markets upped their price objective on shares of International Business Machines from $260.00 to $300.00 and gave the company a "market perform" rating in a research report on Friday, July 18th. Bank of America reduced their price target on shares of International Business Machines from $320.00 to $310.00 and set a "buy" rating on the stock in a research report on Thursday, July 24th. Finally, UBS Group increased their price target on shares of International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a research report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $286.38.

International Business Machines Stock Performance

Shares of NYSE IBM opened at $275.93 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. The firm's 50-day moving average price is $260.29 and its two-hundred day moving average price is $261.44. International Business Machines Corporation has a 52-week low of $203.51 and a 52-week high of $301.04. The stock has a market capitalization of $256.45 billion, a P/E ratio of 44.79, a P/E/G ratio of 4.32 and a beta of 0.73.

International Business Machines (NYSE:IBM - Get Free Report) last issued its 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. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The firm had revenue of $16.98 billion for the quarter, compared to analysts' expectations of $16.58 billion. During the same quarter last year, the company posted $2.43 earnings per share. 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 earnings per share for the current 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 paid a $1.68 dividend. The ex-dividend date was Friday, August 8th. This represents a $6.72 annualized dividend and a dividend yield of 2.4%. International Business Machines's dividend payout ratio (DPR) is presently 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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