Jackson Wealth Management LLC Takes Position in International Business Machines Corporation $IBM

Key Points

• Jackson Wealth Management LLC has acquired a new stake in International Business Machines Corporation (IBM), purchasing 2,264 shares valued at approximately $667,000 during the 2nd quarter.
• Several analysts have recently adjusted their ratings for IBM, with Royal Bank Of Canada raising their price target to $315 while Bank of America reduced theirs to $310, indicating a range of views on the stock's performance.
• IBM announced a quarterly dividend of $1.68 per share, representing an annualized yield of 2.3% with a dividend payout ratio of 109.09%.

Jackson Wealth Management LLC acquired a new stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,264 shares of the technology company's stock, valued at approximately $667,000.

Other hedge funds have also recently modified their holdings of the company. Family CFO Inc acquired a new position in shares of International Business Machines during the second quarter valued at about $25,000. Christopher J. Hasenberg Inc acquired a new position in shares of International Business Machines during the first quarter valued at about $27,000. SSA Swiss Advisors AG acquired a new position in shares of International Business Machines during the first quarter valued at about $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.

Analyst Upgrades and Downgrades

IBM has been the topic of several research reports. Royal Bank Of Canada increased their price target on shares of International Business Machines from $285.00 to $315.00 and gave the stock an "outperform" rating in a report on Thursday, July 17th. Bank of America cut their price target on shares of International Business Machines from $320.00 to $310.00 and set a "buy" rating on the stock in a report on Thursday, July 24th. Weiss Ratings reiterated a "hold (c+)" rating on shares of International Business Machines in a report on Saturday, September 27th. The Goldman Sachs Group increased their price target 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. Finally, Wall Street Zen upgraded shares of International Business Machines from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, International Business Machines has a consensus rating of "Hold" and a consensus target price of $284.62.

International Business Machines Trading Up 0.7%

Shares of NYSE:IBM opened at $288.62 on Friday. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year high of $296.16. The firm has a market capitalization of $268.25 billion, a price-to-earnings ratio of 46.85, a price-to-earnings-growth ratio of 4.41 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. The business's 50 day moving average price is $255.18 and its 200-day moving average price is $259.22.

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 analysts' consensus estimates of $2.65 by $0.15. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The firm had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. During the same quarter last year, the firm posted $2.43 EPS. The business's revenue was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were given 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 dividend yield of 2.3%. International Business Machines's dividend payout ratio (DPR) is 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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