Langley Wealth Management LLC Acquires New Position in International Business Machines Corporation $IBM

Key Points

• Langley Wealth Management acquired 2,849 IBM shares worth approximately $98,000 in the second quarter. Institutional investors collectively own 58.96% of the company.
• IBM’s latest quarter matched earnings expectations at $2.93 per share, while revenue rose 1.1% year over year to $17.16 billion but fell short of estimates. The company declared a quarterly dividend of $1.69 per share, representing a 2.9% yield.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $265.90, although targets varied widely. Separately, IBM SVP Robert David Thomas sold 25,000 shares for approximately $5.8 million.

Langley Wealth Management LLC bought a new position in International Business Machines Corporation (NYSE:IBM - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,849 shares of the technology company's stock, valued at approximately $98,000.

Other large investors have also made changes to their positions in the company. Basepoint Wealth LLC bought a new position in shares of International Business Machines during the fourth quarter worth $25,000. Cornerstone Financial Management LLC bought a new stake in International Business Machines during the fourth quarter worth approximately $28,000. SWAN Capital LLC bought a new position in shares of International Business Machines during the 3rd quarter valued at approximately $28,000. Bare Financial Services Inc raised its stake in shares of International Business Machines by 114.6% in the second quarter. Bare Financial Services Inc now owns 103 shares of the technology company's stock valued at $29,000 after acquiring an additional 55 shares during the period. Finally, Portus Wealth Advisors LLC bought a new position in International Business Machines during the 1st quarter valued at about $26,000. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at International Business Machines

In related news, SVP Robert David Thomas sold 25,000 shares of the company's stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $230.32, for a total value of $5,758,000.00. Following the completion of the sale, the senior vice president directly owned 47,800 shares of the company's stock, valued at $11,009,296. This represents a 34.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.27% of the stock is owned by insiders.

International Business Machines Stock Down 0.8%

Shares of NYSE:IBM opened at $233.73 on Tuesday. The business's 50 day moving average is $244.18 and its 200 day moving average is $247.91. The stock has a market cap of $220.20 billion, a P/E ratio of 20.74, a price-to-earnings-growth ratio of 2.31 and a beta of 0.70. International Business Machines Corporation has a 52-week low of $199.19 and a 52-week high of $332.46. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 1.63.

International Business Machines (NYSE:IBM - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The technology company reported $2.93 earnings per share for the quarter, meeting analysts' consensus estimates of $2.93. International Business Machines had a return on equity of 35.65% and a net margin of 15.52%.The business had revenue of $17.16 billion during the quarter, compared to analyst estimates of $17.46 billion. During the same period in the previous year, the company posted $2.80 EPS. International Business Machines's revenue was up 1.1% on a year-over-year basis. Sell-side analysts predict that International Business Machines Corporation will post 12.33 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be paid a dividend of $1.69 per share. The ex-dividend date is Monday, August 10th. This represents a $6.76 annualized dividend and a dividend yield of 2.9%. International Business Machines's dividend payout ratio (DPR) is currently 59.98%.

Analysts Set New Price Targets

Several analysts have issued reports on IBM shares. Wedbush set a $350.00 price objective on shares of International Business Machines in a research note on Tuesday, June 2nd. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $270.00 price objective on shares of International Business Machines in a research report on Tuesday, July 21st. Argus decreased their target price on International Business Machines from $360.00 to $280.00 and set a "buy" rating for the company in a research report on Thursday, July 16th. Morgan Stanley lowered their target price on shares of International Business Machines from $293.00 to $190.00 and set an "equal weight" rating for the company in a research note on Thursday, July 23rd. Finally, Barclays cut their price target on shares of International Business Machines from $288.00 to $262.00 and set an "overweight" rating on the stock in a report on Thursday, July 23rd. Sixteen investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, International Business Machines has an average rating of "Moderate Buy" and an average target price of $265.90.

Key Headlines Impacting International Business Machines

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

• Positive Sentiment: IBM’s acquisition of HRL Laboratories adds silicon-spin qubit, advanced materials and manufacturing expertise that could improve the company’s ability to develop scalable quantum-computing systems. The deal strengthens IBM’s technology pipeline, although commercial benefits may take years to materialize. Can IBM’s HRL Acquisition Boost Its Quantum Computing Capabilities?
• Positive Sentiment: Susquehanna analyst James Friedman raised his IBM price target to $235, citing several upcoming quantum-computing catalysts. However, his caution indicates that quantum remains an emerging opportunity rather than an immediate earnings driver. Can Quantum Computing Save IBM Stock?
• Positive Sentiment: A new market report identifies IBM as a leading enterprise blockchain and Blockchain-as-a-Service provider, highlighting its cloud-native offerings and exposure to expected blockchain-market growth. IBM Emerges As a Leading Enterprise Blockchain Provider
• Neutral Sentiment: Research reports forecast growth in biological computing, computer-based sensing, business service management, UNIX and high-throughput computing. IBM is listed among market participants, but the reports do not announce contracts, revenue changes or specific financial benefits for the company.
• Negative Sentiment: Coverage says IBM’s stock has fallen sharply after missing second-quarter revenue expectations, reinforcing investor concerns about product and top-line momentum. Quantum initiatives may not offset near-term execution concerns. IBM Stock Falls 19%: Will Quantum Computing Spark a Recovery?
• Negative Sentiment: A securities law firm announced an investigation into possible securities-law violations following IBM’s significant decline. The announcement is not a finding of wrongdoing, but it adds headline and potential litigation risk. IBM Investment Losses and Pending Securities Fraud Investigation
• Negative Sentiment: Reports of a senior executive selling approximately $5.8 million of IBM stock may weigh modestly on sentiment, though insider sales can reflect personal financial planning and are not necessarily evidence of deteriorating fundamentals. IBM SVP Sells $5.758 Million in Stock

International Business Machines Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM's principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.

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