International Business Machines Corporation $IBM Stake Raised by WealthPlan Investment Management LLC

Key Points

• WealthPlan Investment Management LLC has increased its stake in International Business Machines (IBM) by 5.2%, owning 43,691 shares worth approximately $12.9 million, which accounts for about 0.9% of its total holdings.
• IBM reported strong quarterly earnings with an EPS of $2.80, exceeding analysts' expectations, alongside a 7.7% year-over-year revenue increase to $16.98 billion.
• The company's latest quarterly dividend was $1.68 per share, resulting in an annualized dividend of $6.72 and a dividend yield of 2.4%, despite a payout ratio of 109.09%.

WealthPlan Investment Management LLC increased its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 5.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,691 shares of the technology company's stock after acquiring an additional 2,165 shares during the period. International Business Machines comprises about 0.9% of WealthPlan Investment Management LLC's holdings, making the stock its 27th largest holding. WealthPlan Investment Management LLC's holdings in International Business Machines were worth $12,879,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of IBM. Family CFO Inc purchased a new stake in International Business Machines in the 2nd quarter worth about $25,000. Christopher J. Hasenberg Inc purchased a new stake in International Business Machines in the 1st quarter worth about $27,000. SSA Swiss Advisors AG purchased a new stake in International Business Machines in the 1st quarter worth about $28,000. Dagco Inc. purchased a new stake in International Business Machines in the 1st quarter worth about $31,000. Finally, Silicon Valley Capital Partners lifted its stake in International Business Machines by 322.6% in the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company's stock worth $32,000 after acquiring an additional 100 shares in the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Stock Performance

Shares of NYSE IBM opened at $280.97 on Thursday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91. The firm has a market cap of $261.13 billion, a price-to-earnings ratio of 45.61, a P/E/G ratio of 4.25 and a beta of 0.73. The business's 50-day simple moving average is $259.77 and its 200-day simple moving average is $261.25. 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 issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 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 analyst estimates of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The firm's revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on IBM. Stifel Nicolaus raised their price target on International Business Machines from $290.00 to $310.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. BMO Capital Markets raised their price target on International Business Machines from $260.00 to $300.00 and gave the stock a "market perform" rating in a research note on Friday, July 18th. Erste Group Bank downgraded International Business Machines from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. Wedbush raised their price target on International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a research note on Friday, June 20th. Finally, Bank of America cut their price target on International Business Machines from $320.00 to $310.00 and set a "buy" rating for the company in a research note on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, International Business Machines has an average rating of "Hold" and a consensus target price of $286.38.

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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