International Business Machines Corporation $IBM Stock Holdings Lifted by Cornerstone Enterprises LLC

Key Points

• Cornerstone Enterprises LLC increased its holdings in International Business Machines Corporation (IBM) by 171.3% in Q2, boosting its position to the 11th largest in its portfolio.
• Several institutional investors have adjusted their stakes, with Left Brain Wealth Management LLC increasing its holdings by 1,547.8%, indicating strong interest in IBM from institutional players.
• Analysts have raised their price targets for IBM stock, with consensus estimates ranging from $260.00 to $310.00, signaling a mixed but generally positive outlook.

Cornerstone Enterprises LLC lifted its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 171.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,211 shares of the technology company's stock after buying an additional 10,866 shares during the period. International Business Machines accounts for approximately 2.7% of Cornerstone Enterprises LLC's holdings, making the stock its 11th biggest position. Cornerstone Enterprises LLC's holdings in International Business Machines were worth $5,073,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. MinichMacGregor Wealth Management LLC bought a new stake in shares of International Business Machines during the 1st quarter valued at about $396,000. Brooklyn Investment Group increased its holdings in shares of International Business Machines by 32.7% in the 1st quarter. Brooklyn Investment Group now owns 6,622 shares of the technology company's stock worth $1,647,000 after acquiring an additional 1,630 shares during the period. Edgar Lomax Co. VA increased its holdings in shares of International Business Machines by 5.7% in the 1st quarter. Edgar Lomax Co. VA now owns 235,967 shares of the technology company's stock worth $58,676,000 after acquiring an additional 12,690 shares during the period. Left Brain Wealth Management LLC increased its holdings in shares of International Business Machines by 1,547.8% in the 1st quarter. Left Brain Wealth Management LLC now owns 17,664 shares of the technology company's stock worth $4,392,000 after acquiring an additional 16,592 shares during the period. Finally, Alpha Cubed Investments LLC increased its holdings in shares of International Business Machines by 47.0% in the 1st quarter. Alpha Cubed Investments LLC now owns 7,507 shares of the technology company's stock worth $1,867,000 after acquiring an additional 2,399 shares during the period. Institutional investors own 58.96% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on IBM shares. BMO Capital Markets increased their price objective on shares of International Business Machines from $260.00 to $300.00 and gave the stock a "market perform" rating in a report on Friday, July 18th. JPMorgan Chase & Co. increased their price objective on shares of International Business Machines from $244.00 to $290.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. The Goldman Sachs Group increased their price objective on shares of International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Sanford C. Bernstein initiated coverage on shares of International Business Machines in a report on Monday, September 15th. They issued a "market perform" rating and a $280.00 price objective on the stock. Finally, Bank of America lowered their target price on shares of 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. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $284.62.

International Business Machines Stock Performance

International Business Machines stock opened at $289.31 on Thursday. The firm's 50 day simple moving average is $256.92 and its 200-day simple moving average is $260.14. The company has a market cap of $268.88 billion, a P/E ratio of 46.97, a price-to-earnings-growth ratio of 4.52 and a beta of 0.73. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. International Business Machines Corporation has a fifty-two week low of $203.51 and a fifty-two week high of $301.04.

International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.15. The company 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 company's revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were issued a $1.68 dividend. The ex-dividend date was Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.3%. International Business Machines's dividend payout ratio is presently 109.09%.

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.

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