NewEdge Advisors LLC Increases Stock Holdings in International Business Machines Corporation $IBM

Key Points

• NewEdge Advisors LLC boosted its stake in International Business Machines Corporation by 9.0% in the 1st quarter, purchasing an additional 24,860 shares, bringing its total holdings to 299,884 shares valued at approximately $74.57 million.
• Wall Street analysts are optimistic about IBM's stock, with target price increases from firms like Wedbush, which raised its target from $300 to $325 and assigned an "outperform" rating.
• IBM announced a quarterly dividend of $1.68 per share to be paid on September 10th, representing an annualized yield of 2.7%, despite a high dividend payout ratio of 109.09%.

NewEdge Advisors LLC lifted its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 9.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 299,884 shares of the technology company's stock after acquiring an additional 24,860 shares during the period. NewEdge Advisors LLC's holdings in International Business Machines were worth $74,569,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of IBM. Brighton Jones LLC lifted its holdings in International Business Machines by 12.4% in the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock valued at $4,619,000 after acquiring an additional 2,323 shares during the period. EP Wealth Advisors LLC lifted its holdings in International Business Machines by 17.3% in the fourth quarter. EP Wealth Advisors LLC now owns 41,134 shares of the technology company's stock valued at $9,042,000 after acquiring an additional 6,053 shares during the period. Dunhill Financial LLC lifted its holdings in International Business Machines by 26.5% in the fourth quarter. Dunhill Financial LLC now owns 301 shares of the technology company's stock valued at $66,000 after acquiring an additional 63 shares during the period. Deutsche Bank AG lifted its holdings in International Business Machines by 15.1% in the fourth quarter. Deutsche Bank AG now owns 4,179,328 shares of the technology company's stock valued at $918,742,000 after acquiring an additional 548,260 shares during the period. Finally, Clark Capital Management Group Inc. lifted its holdings in International Business Machines by 14.0% in the fourth quarter. Clark Capital Management Group Inc. now owns 6,563 shares of the technology company's stock valued at $1,443,000 after acquiring an additional 808 shares during the period. Hedge funds and other institutional investors own 58.96% of the company's stock.

Wall Street Analyst Weigh In

IBM has been the subject of several research analyst reports. UBS Group upped their target price on International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a research note on Thursday, July 24th. Erste Group Bank downgraded International Business Machines from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. BMO Capital Markets upped their target price on International Business Machines from $260.00 to $300.00 and gave the stock a "market perform" rating in a research note on Friday, July 18th. Wedbush boosted their price target on International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a research report on Friday, June 20th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $268.75.

International Business Machines Stock Up 3.1%

IBM stock traded up $7.67 during mid-day trading on Monday, reaching $256.20. The company had a trading volume of 6,926,843 shares, compared to its average volume of 4,683,279. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91. The company has a market capitalization of $238.11 billion, a price-to-earnings ratio of 41.59, a price-to-earnings-growth ratio of 3.83 and a beta of 0.71. The firm has a fifty day simple moving average of $261.07 and a 200 day simple moving average of $257.01. International Business Machines Corporation has a fifty-two week low of $201.43 and a fifty-two week high of $296.16.

International Business Machines (NYSE:IBM - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, topping 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 analyst estimates of $16.58 billion. During the same quarter last year, the company earned $2.43 EPS. The business's quarterly revenue was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. Analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 8th will be paid a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Friday, August 8th. International Business Machines's dividend payout ratio (DPR) is currently 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.