Leavell Investment Management Inc. Increases Stock Holdings in International Business Machines Corporation $IBM

Key Points

• Leavell Investment Management Inc. increased its stake in International Business Machines Corporation by 8.6%, holding 23,327 shares worth approximately $6.88 million as of the latest filing.
• IBM's recent earnings report showed an EPS of $2.65, exceeding analysts' expectations of $2.45, alongside revenues of $16.33 billion for the quarter.
• The company announced a quarterly dividend of $1.68 per share, with an annualized yield of 2.2%, payable on December 10th.

Leavell Investment Management Inc. lifted its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 8.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,327 shares of the technology company's stock after buying an additional 1,853 shares during the quarter. Leavell Investment Management Inc.'s holdings in International Business Machines were worth $6,876,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. GQG Partners LLC acquired a new stake in International Business Machines during the 1st quarter valued at approximately $1,040,057,000. Nuveen LLC bought a new stake in International Business Machines in the first quarter valued at about $960,386,000. Vanguard Group Inc. lifted its holdings in International Business Machines by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company's stock worth $23,159,637,000 after buying an additional 1,298,515 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in International Business Machines by 41.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,164,987 shares of the technology company's stock worth $787,007,000 after buying an additional 930,448 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in International Business Machines by 20.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company's stock worth $1,282,550,000 after buying an additional 889,008 shares during the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Price Performance

NYSE:IBM traded up $22.78 during mid-day trading on Friday, reaching $307.78. 16,872,658 shares of the stock were exchanged, compared to its average volume of 5,608,452. The company has a current ratio of 0.93, a quick ratio of 0.87 and a debt-to-equity ratio of 1.97. The firm has a market capitalization of $286.05 billion, a PE ratio of 36.82, a PEG ratio of 4.35 and a beta of 0.73. The business has a fifty day moving average price of $266.21 and a 200 day moving average price of $263.57. International Business Machines Corporation has a 1-year low of $203.51 and a 1-year high of $310.75.

International Business Machines (NYSE:IBM - Get Free Report) last issued its earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.45 by $0.20. The business had revenue of $16.33 billion for the quarter, compared to analysts' expectations of $16.10 billion. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The company's quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.30 EPS. International Business Machines has set its FY 2025 guidance at EPS. Research analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be issued a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Monday, November 10th. International Business Machines's payout ratio is presently 80.38%.

Analyst Upgrades and Downgrades

IBM has been the topic of several recent research reports. The Goldman Sachs Group raised their price target on International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Jefferies Financial Group raised their target price on International Business Machines from $280.00 to $305.00 and gave the company a "hold" rating in a research report on Tuesday. Erste Group Bank cut International Business Machines from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. BMO Capital Markets raised their target price on International Business Machines from $300.00 to $305.00 and gave the company a "market perform" rating in a research report on Thursday. Finally, Morgan Stanley lowered their target price on International Business Machines from $256.00 to $252.00 and set an "equal weight" rating on the stock in a research report on Thursday. One 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 company currently has an average rating of "Hold" and an average price target of $288.00.

International Business Machines 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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