Sunbeam Capital Management LLC Has $739,000 Holdings in International Business Machines Corporation $IBM

Key Points

• Sunbeam Capital Management LLC significantly increased its stake in International Business Machines Corporation (IBM) by 146.4% in Q2, now holding a total of 2,506 shares worth approximately $739,000.
• IBM reported Q2 earnings of $2.80 per share, exceeding expectations, with a revenue of $16.98 billion, up 7.7% year-over-year.
• The company also declared a quarterly dividend of $1.68 per share, representing an annualized dividend yield of 2.3% and a payout ratio of 109.09%.

Sunbeam Capital Management LLC raised its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 146.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 2,506 shares of the technology company's stock after purchasing an additional 1,489 shares during the quarter. Sunbeam Capital Management LLC's holdings in International Business Machines were worth $739,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in IBM. Family CFO Inc bought a new position in shares of International Business Machines during the 2nd quarter worth approximately $25,000. Christopher J. Hasenberg Inc bought a new position in shares of International Business Machines during the 1st quarter worth approximately $27,000. SSA Swiss Advisors AG bought a new position in shares of International Business Machines during the 1st quarter worth approximately $28,000. Dagco Inc. bought a new position in shares of International Business Machines during the 1st quarter worth approximately $31,000. Finally, Silicon Valley Capital Partners boosted its holdings in shares of International Business Machines by 322.6% during the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company's stock worth $32,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Price Performance

Shares of IBM opened at $289.70 on Tuesday. International Business Machines Corporation has a 12-month low of $203.51 and a 12-month high of $296.16. The business's fifty day moving average is $255.71 and its 200 day moving average is $259.70. 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 has a market cap of $269.25 billion, a P/E ratio of 47.03, a P/E/G ratio of 4.44 and a beta of 0.73.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings data 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 analysts' expectations of $16.58 billion. During the same period last year, the business earned $2.43 EPS. The business's revenue was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were paid a dividend of $1.68 per share. The ex-dividend date was Friday, August 8th. This represents a $6.72 annualized dividend and a yield of 2.3%. International Business Machines's dividend payout ratio (DPR) is 109.09%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Erste Group Bank cut International Business Machines from a "buy" rating to a "hold" rating in a report on Thursday, August 14th. JPMorgan Chase & Co. increased their price target on International Business Machines from $244.00 to $290.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Melius Research upgraded International Business Machines to a "strong-buy" rating in a report on Monday, July 7th. Royal Bank Of Canada increased their target price on International Business Machines from $285.00 to $315.00 and gave the stock an "outperform" rating in a report on Thursday, July 17th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of International Business Machines in a report on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, International Business Machines presently has a consensus rating of "Hold" and a consensus target price of $284.62.

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.

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