Arete Wealth Advisors LLC Raises Stock Holdings in International Business Machines Corporation $IBM

Key Points

• Arete Wealth Advisors LLC increased its holdings in IBM by 30.9%, acquiring a total of 18,814 shares valued at $4,678,000.
• Several institutional investors also raised their stakes in IBM, contributing to a significant institutional ownership of 58.96% of the company's stock.
• IBM's stock is currently trading at approximately $248.47, with a 52-week high of $296.16, and the company has reported strong quarterly earnings, surpassing analysts' expectations.

Arete Wealth Advisors LLC boosted its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 30.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,814 shares of the technology company's stock after purchasing an additional 4,441 shares during the quarter. Arete Wealth Advisors LLC's holdings in International Business Machines were worth $4,678,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Christopher J. Hasenberg Inc bought a new position in shares of International Business Machines during the 1st quarter worth approximately $27,000. SSA Swiss Advisors AG acquired a new position in shares of International Business Machines during the 1st quarter valued at $28,000. Dagco Inc. acquired a new position in shares of International Business Machines during the 1st quarter valued at $31,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of International Business Machines during the 1st quarter valued at $45,000. Finally, Park Square Financial Group LLC acquired a new position in shares of International Business Machines during the fourth quarter valued at about $43,000. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Stock Up 1.2%

Shares of International Business Machines stock traded up $2.95 on Tuesday, hitting $259.04. The company had a trading volume of 4,927,569 shares, compared to its average volume of 3,975,109. The stock has a market capitalization of $240.75 billion, a price-to-earnings ratio of 42.05, a P/E/G ratio of 3.94 and a beta of 0.71. International Business Machines Corporation has a 1 year low of $202.87 and a 1 year high of $296.16. The stock has a 50 day moving average of $259.66 and a 200-day moving average of $256.99. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91.

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, topping the consensus estimate of $2.65 by $0.15. The firm 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 quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.43 earnings per share. 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 announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th will be issued a $1.68 dividend. The ex-dividend date is Friday, August 8th. This represents a $6.72 annualized dividend and a dividend yield of 2.6%. International Business Machines's dividend payout ratio is currently 109.09%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on IBM shares. Wall Street Zen upgraded shares of International Business Machines from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Bank of America dropped their price target on International Business Machines from $320.00 to $310.00 and set a "buy" rating on the stock in a research note on Thursday, July 24th. Wedbush upped 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. Melius Research raised International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. Finally, The Goldman Sachs Group upped their target price on International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, International Business Machines currently has an average rating of "Hold" and a consensus price target of $268.75.

International Business Machines Company 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.