International Business Machines Corporation $IBM Shares Purchased by Advantage Trust Co

Key Points

• Advantage Trust Co has significantly increased its holdings in IBM, acquiring an additional 900 shares, resulting in a total of 1,200 shares valued at $354,000.
• IBM's current stock price is $283.64, with a market cap of $263.61 billion, and the company reported a 7.7% year-over-year increase in revenue for the last quarter.
• The company recently announced a quarterly dividend of $1.68, indicating a yield of 2.4%, despite a high dividend payout ratio of 109.09%.

Advantage Trust Co lifted its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 300.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,200 shares of the technology company's stock after purchasing an additional 900 shares during the quarter. Advantage Trust Co's holdings in International Business Machines were worth $354,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Lifestyle Asset Management Inc. boosted its position in shares of 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 valued at $632,000 after purchasing an additional 36 shares during the period. Whelan Financial lifted its position in International Business Machines by 2.4% during the 2nd quarter. Whelan Financial now owns 1,525 shares of the technology company's stock worth $450,000 after acquiring an additional 36 shares during the period. Ignite Planners LLC lifted its position in International Business Machines by 0.9% during the 2nd quarter. Ignite Planners LLC now owns 3,964 shares of the technology company's stock worth $1,133,000 after acquiring an additional 36 shares during the period. Blue Edge Capital LLC lifted its position in International Business Machines by 0.6% during the 1st quarter. Blue Edge Capital LLC now owns 6,776 shares of the technology company's stock worth $1,685,000 after acquiring an additional 39 shares during the period. Finally, Johnson Bixby & Associates LLC lifted its position in International Business Machines by 3.3% during the 2nd quarter. Johnson Bixby & Associates LLC now owns 1,208 shares of the technology company's stock worth $356,000 after acquiring an additional 39 shares during the period. 58.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on IBM. UBS Group increased their price objective on International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a research report on Thursday, July 24th. Stifel Nicolaus increased their price objective 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. BMO Capital Markets increased their price objective on International Business Machines from $260.00 to $300.00 and gave the stock a "market perform" rating in a research report on Friday, July 18th. Sanford C. Bernstein began coverage on International Business Machines in a research report on Monday, September 15th. They set a "market perform" rating and a $280.00 price objective for the company. Finally, Morgan Stanley increased their price objective on International Business Machines from $253.00 to $256.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $286.38.

International Business Machines Stock Performance

Shares of IBM stock opened at $283.64 on Tuesday. The company has a market cap of $263.61 billion, a price-to-earnings ratio of 46.05, a price-to-earnings-growth ratio of 4.33 and a beta of 0.73. The stock has a 50 day simple moving average of $262.02 and a 200-day simple moving average of $262.25. 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 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. The business 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%.The company's revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. On average, equities analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The company 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 yield of 2.4%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines's dividend payout ratio (DPR) is presently 109.09%.

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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