Shell Asset Management Co. Increases Stake in International Business Machines Corporation $IBM

Key Points

• Shell Asset Management Co. increased its stake in International Business Machines Corporation (IBM) by 73.5% in Q2, bringing its total ownership to 28,506 shares valued at approximately $8.4 million.
• IBM's recent quarterly earnings report showed earnings per share (EPS) of $2.80, exceeding analysts' expectations of $2.65, and a revenue of $16.98 billion, up 7.7% from the previous year.
• The company declared a quarterly dividend of $1.68 per share, resulting in an annualized dividend of $6.72 and a 2.3% yield, with a current payout ratio of 109.09%.

Shell Asset Management Co. grew its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 73.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,506 shares of the technology company's stock after purchasing an additional 12,074 shares during the quarter. Shell Asset Management Co.'s holdings in International Business Machines were worth $8,403,000 at the end of the most recent quarter.

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

International Business Machines Price Performance

Shares of NYSE:IBM opened at $289.70 on Tuesday. International Business Machines Corporation has a fifty-two week low of $203.51 and a fifty-two week high of $296.16. The business has a 50-day simple moving average of $255.71 and a two-hundred day simple moving average of $259.70. 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 firm has a market cap of $269.25 billion, a price-to-earnings ratio of 47.03, a price-to-earnings-growth ratio of 4.44 and a beta of 0.73.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.65 by $0.15. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The firm had revenue of $16.98 billion for the quarter, compared to the consensus estimate of $16.58 billion. During the same quarter last year, the firm posted $2.43 EPS. The business'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. On average, analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were issued a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines's dividend payout ratio is presently 109.09%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on IBM. The Goldman Sachs Group boosted their price objective on shares of International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. 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 research note on Thursday, July 24th. Royal Bank Of Canada lifted their price objective on International Business Machines from $285.00 to $315.00 and gave the company an "outperform" rating in a research report on Thursday, July 17th. Erste Group Bank downgraded International Business Machines from a "buy" rating to a "hold" rating in a report on Thursday, August 14th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of International Business Machines in a research note on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, International Business Machines has an average rating of "Hold" and an average price target of $284.62.

About International Business Machines

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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