International Business Machines Corporation $IBM Stock Purchased by Global Wealth Management Investment Advisory Inc.

Key Points

• Global Wealth Management Investment Advisory increased its IBM stake by 47% in the third quarter, adding 9,701 shares to reach 30,339 shares valued at about $6.67 million.
• IBM reported quarterly EPS of $2.95, beating the $2.85 consensus, while revenue of $17.10 billion also topped estimates and rose 4.7% year over year.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $266.88. IBM also declared a quarterly dividend of $1.69 per share, equivalent to a 2.7% yield at the article’s cited share price.

Global Wealth Management Investment Advisory Inc. lifted its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 47.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,339 shares of the technology company's stock after purchasing an additional 9,701 shares during the period. Global Wealth Management Investment Advisory Inc.'s holdings in International Business Machines were worth $6,672,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of IBM. Harborfront Financial Group LLC bought a new position in shares of International Business Machines in the 2nd quarter worth approximately $27,000. Hara Capital LLC purchased a new position in shares of International Business Machines in the 2nd quarter valued at approximately $28,000. Bare Financial Services Inc boosted its position in shares of International Business Machines by 114.6% during the second quarter. Bare Financial Services Inc now owns 103 shares of the technology company's stock valued at $29,000 after purchasing an additional 55 shares in the last quarter. Caitlin John LLC bought a new stake in shares of International Business Machines during the second quarter valued at approximately $35,000. Finally, Axiom Investment Management LLC purchased a new stake in International Business Machines in the first quarter worth $36,000. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Stifel Nicolaus increased their price objective on International Business Machines from $235.00 to $260.00 and gave the stock a "buy" rating in a report on Thursday, October 22nd. Robert W. Baird upped their target price on shares of International Business Machines from $230.00 to $260.00 and gave the stock a "neutral" rating in a research report on Thursday, October 22nd. Daiwa Securities Group decreased their price target on shares of International Business Machines from $247.00 to $217.00 and set a "neutral" rating for the company in a research note on Wednesday, July 29th. Yorkville Ives initiated coverage on shares of International Business Machines in a research note on Monday, October 5th. They issued an "outperform" rating and a $275.00 price target for the company. Finally, Jefferies Financial Group lifted their price target on shares of International Business Machines from $270.00 to $280.00 and gave the company a "buy" rating in a research report on Thursday, October 22nd. Nineteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $266.88.

International Business Machines Stock Up 0.5%

IBM stock opened at $246.32 on Tuesday. International Business Machines Corporation has a twelve month low of $199.19 and a twelve month high of $332.46. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 1.57. The firm has a market cap of $232.80 billion, a PE ratio of 20.66, a price-to-earnings-growth ratio of 2.50 and a beta of 0.78. The business has a 50 day moving average of $236.97 and a 200 day moving average of $248.39.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, October 21st. The technology company reported $2.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.85 by $0.10. International Business Machines had a return on equity of 34.37% and a net margin of 15.99%. The business had revenue of $17.10 billion during the quarter, compared to analysts' expectations of $16.82 billion. During the same quarter in the previous year, the business earned $2.65 earnings per share. The firm's quarterly revenue was up 4.7% compared to the same quarter last year. On average, research analysts forecast that International Business Machines Corporation will post 12.41 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Tuesday, November 10th will be issued a dividend of $1.69 per share. The ex-dividend date is Tuesday, November 10th. This represents a $6.76 annualized dividend and a dividend yield of 2.7%. International Business Machines's dividend payout ratio (DPR) is presently 57.63%.

Insider Buying and Selling at International Business Machines

In other news, SVP Robert Thomas sold 25,000 shares of International Business Machines stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $230.32, for a total value of $5,758,000.00. Following the completion of the transaction, the senior vice president owned 47,800 shares of the company's stock, valued at $11,009,296. The trade was a 34.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.27% of the stock is owned by insiders.

More International Business Machines News

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: IBM deployed its first quantum computer in Illinois, at the Illinois Quantum and Microelectronics Park. The installation builds research and industry partnerships and is part of a state initiative expected to create 750 technology jobs. It strengthens IBM’s quantum-computing presence, though commercial returns may take time. Can IBM's Latest Quantum System Boost Illinois' Innovation Future?
• Positive Sentiment: IBM-owned Apptio added connections and cost-management tools to help businesses track AI usage and spending, forecast budgets, and assess investments against business results. The update could help IBM capture demand as enterprises seek to manage the cost of adopting AI. Apptio Expands Portfolio to Help Enterprises Connect AI Spending to Business Value
• Positive Sentiment: Quantum X Labs said its AI-powered error-correction program is running on three IBM quantum processors and showed up to 20% fewer logical decoding failures. This offers a potential third-party validation of IBM hardware, although the announcement comes from Quantum X Labs rather than IBM. Quantum X Labs Expands AI-Powered Quantum Error Correction Program
• Neutral Sentiment: A Seeking Alpha analysis sees IBM’s enterprise AI portfolio and software growth as strengths, but rates the shares Hold, citing competition and a valuation it considers fair. That view suggests limited near-term upside based on its $249 price target. IBM: A Full Enterprise AI Stack, But Rivals Keep It A Hold
• Negative Sentiment: The European Union is suing IBM and partners Atos and Leonardo over repeated delays in developing the bloc’s Entry/Exit border system. The case raises potential legal costs and could weigh on IBM’s reputation and government-contract execution; the reports do not specify the financial exposure. EU sues IBM and partners over troubled border system

International Business Machines Profile

International Business Machines Corporation (IBM) is a global technology company that provides software, consulting, infrastructure and related services to businesses and public-sector organizations. Its offerings include hybrid cloud and artificial intelligence solutions, enterprise software, IT consulting, and systems such as IBM Z mainframes and Power servers.

IBM also develops technologies in areas including data management, automation, cybersecurity and quantum computing. Its consulting teams help clients design, build and manage technology systems and business processes.

The company traces its roots to the Computing-Tabulating-Recording Company, formed in 1911, and adopted the name International Business Machines in 1924.

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