International Business Machines Corporation $IBM Shares Purchased by TD Asset Management Inc

Key Points

• TD Asset Management Inc increased its stake in International Business Machines Corporation by 2.8%, now owning approximately 664,263 shares worth about $195.8 million.
• IBM reported earnings of $2.80 per share, beating estimates, and revenues of $16.98 billion, which reflects a 7.7% increase year-over-year.
• The firm recently declared a quarterly dividend of $1.68 per share, yielding approximately 2.4% with a payout ratio of 109.09%.

TD Asset Management Inc grew its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 2.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 664,263 shares of the technology company's stock after acquiring an additional 17,793 shares during the quarter. TD Asset Management Inc owned about 0.07% of International Business Machines worth $195,811,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of IBM. Family CFO Inc acquired a new position in International Business Machines in the 2nd quarter worth approximately $25,000. Christopher J. Hasenberg Inc acquired a new position in International Business Machines in the 1st quarter worth approximately $27,000. SSA Swiss Advisors AG acquired a new position in International Business Machines in the 1st quarter worth approximately $28,000. Highline Wealth Partners LLC increased its holdings in 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 buying an additional 51 shares during the period. Finally, Dagco Inc. acquired a new position in International Business Machines in the 1st quarter worth approximately $31,000. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Stock Down 0.4%

NYSE IBM opened at $276.12 on Wednesday. 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 has a market cap of $256.63 billion, a PE ratio of 44.83, a P/E/G ratio of 4.27 and a beta of 0.73. The business's fifty day simple moving average is $259.20 and its 200-day simple moving average is $261.11. International Business Machines Corporation has a 52 week low of $203.51 and a 52 week high of $301.04.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.65 by $0.15. The business had revenue of $16.98 billion for the quarter, compared to the consensus estimate of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The business's revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on IBM shares. Royal Bank Of Canada raised their price objective on shares of International Business Machines from $285.00 to $315.00 and gave the stock an "outperform" rating in a research note on Thursday, July 17th. UBS Group raised their price objective on shares of International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a research note on Thursday, July 24th. Wall Street Zen upgraded International Business Machines from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. The Goldman Sachs Group lifted their price target on shares of International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of International Business Machines in a research note on Wednesday, October 8th. One research 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 stock. According to MarketBeat.com, International Business Machines has an average rating of "Hold" and a consensus target price of $284.62.

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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