Northwestern Mutual Wealth Management Co. Increases Holdings in International Business Machines Corporation $IBM

Key Points

• Northwestern Mutual Wealth Management Co. increased its stake in IBM by 4.6%, owning 94,774 shares worth approximately $23.57 million at the end of the last quarter.
• Several institutional investors, including GAMMA Investing LLC and Nuveen LLC, significantly boosted their stakes in IBM, demonstrating a strong interest in the company's stock.
• IBM reported earnings of $2.80 EPS, exceeding analysts' estimates, with a revenue of $16.98 billion, marking a 7.7% increase compared to the same quarter last year.

Northwestern Mutual Wealth Management Co. increased its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 4.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 94,774 shares of the technology company's stock after acquiring an additional 4,154 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in International Business Machines were worth $23,566,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. Blue Edge Capital LLC increased its holdings in International Business Machines by 0.6% during the 1st quarter. Blue Edge Capital LLC now owns 6,776 shares of the technology company's stock valued at $1,685,000 after purchasing an additional 39 shares during the period. Tacita Capital Inc grew its holdings in shares of International Business Machines by 20.8% during the first quarter. Tacita Capital Inc now owns 232 shares of the technology company's stock valued at $58,000 after buying an additional 40 shares during the last quarter. Pallas Capital Advisors LLC raised its position in shares of International Business Machines by 0.9% in the first quarter. Pallas Capital Advisors LLC now owns 4,805 shares of the technology company's stock worth $1,195,000 after acquiring an additional 42 shares during the period. DMC Group LLC lifted its stake in International Business Machines by 1.2% in the 1st quarter. DMC Group LLC now owns 3,517 shares of the technology company's stock worth $875,000 after purchasing an additional 42 shares in the last quarter. Finally, Fidato Wealth LLC increased its holdings in International Business Machines by 2.4% in the 1st quarter. Fidato Wealth LLC now owns 1,824 shares of the technology company's stock valued at $454,000 after purchasing an additional 42 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on IBM. JPMorgan Chase & Co. increased their price target on shares of International Business Machines from $244.00 to $290.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Bank of America dropped their target price on shares of International Business Machines from $320.00 to $310.00 and set a "buy" rating for the company in a research report on Thursday, July 24th. The Goldman Sachs Group increased their price objective on shares of International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Royal Bank Of Canada increased their target price on shares of International Business Machines from $285.00 to $315.00 and gave the stock an "outperform" rating in a research report on Thursday, July 17th. Finally, Melius Research raised shares of International Business Machines to a "strong-buy" rating in a report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, International Business Machines has a consensus rating of "Hold" and a consensus target price of $268.75.

International Business Machines Price Performance

Shares of IBM stock traded up $0.96 during trading on Thursday, hitting $245.80. The company had a trading volume of 2,814,649 shares, compared to its average volume of 4,705,895. The stock has a market capitalization of $228.45 billion, a price-to-earnings ratio of 39.90, a price-to-earnings-growth ratio of 3.74 and a beta of 0.69. International Business Machines Corporation has a 52 week low of $198.27 and a 52 week high of $296.16. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. The stock's 50-day moving average is $267.20 and its two-hundred day moving average is $257.73.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 EPS 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 company had revenue of $16.98 billion for the quarter, compared to analysts' expectations of $16.58 billion. During the same period last year, the firm posted $2.43 earnings per share. International Business Machines's 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, analysts predict that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th will be paid a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, August 8th. International Business Machines's payout ratio is presently 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.