Meiji Yasuda Life Insurance Co Takes Position in International Business Machines Corporation $IBM

Key Points

• Meiji Yasuda Life Insurance Co has invested approximately $267,000 in International Business Machines Corporation (IBM), acquiring 1,072 shares in the first quarter.
• Several institutional investors have also increased their stakes in IBM, with a total of 58.96% of the stock owned by hedge funds and other institutional investors.
• IBM reported earnings of $2.80 per share for the last quarter, surpassing analysts' estimates, and announced a quarterly dividend of $1.68 per share reflecting a yield of 2.6%.

Meiji Yasuda Life Insurance Co acquired a new position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,072 shares of the technology company's stock, valued at approximately $267,000.

Several other hedge funds have also made changes to their positions in the company. Arete Wealth Advisors LLC lifted its holdings in shares of International Business Machines by 30.9% in the 1st quarter. Arete Wealth Advisors LLC now owns 18,814 shares of the technology company's stock worth $4,678,000 after buying an additional 4,441 shares during the period. Strait & Sound Wealth Management LLC raised its position in shares of International Business Machines by 6.1% in the 1st quarter. Strait & Sound Wealth Management LLC now owns 7,410 shares of the technology company's stock worth $1,843,000 after acquiring an additional 424 shares in the last quarter. CTC Alternative Strategies Ltd. bought a new position in shares of International Business Machines in the 1st quarter worth $303,000. Ashton Thomas Private Wealth LLC raised its position in shares of International Business Machines by 5.2% in the 1st quarter. Ashton Thomas Private Wealth LLC now owns 17,024 shares of the technology company's stock worth $4,233,000 after acquiring an additional 846 shares in the last quarter. Finally, Kestra Investment Management LLC raised its position in shares of International Business Machines by 12.8% in the 1st quarter. Kestra Investment Management LLC now owns 3,718 shares of the technology company's stock worth $925,000 after acquiring an additional 421 shares in the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Stock Performance

International Business Machines stock traded down $3.55 during trading hours on Friday, hitting $253.46. 3,430,296 shares of the stock traded hands, compared to its average volume of 4,674,422. 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 firm's 50 day moving average price is $258.35 and its 200-day moving average price is $256.95. The stock has a market capitalization of $235.57 billion, a price-to-earnings ratio of 41.15, a P/E/G ratio of 3.96 and a beta of 0.71. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year high of $296.16.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $16.98 billion for the quarter, compared to the consensus estimate of $16.58 billion. During the same quarter in the previous year, the business earned $2.43 EPS. The company's quarterly revenue was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities analysts expect that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were paid 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 2.7%. International Business Machines's dividend payout ratio is presently 109.09%.

Analysts Set New Price Targets

Several research firms have recently commented on IBM. Royal Bank Of Canada boosted their price target on International Business Machines from $285.00 to $315.00 and gave the stock an "outperform" rating in a research report on Thursday, July 17th. UBS Group increased their target price on shares of International Business Machines from $195.00 to $200.00 and gave the company a "sell" rating in a research report on Thursday, July 24th. The Goldman Sachs Group upped their price target on International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. JPMorgan Chase & Co. raised their price objective on International Business Machines from $244.00 to $290.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Finally, Stifel Nicolaus increased their price target on International Business Machines from $290.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $270.67.

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.