TruWealth Advisors LLC Acquires 3,214 Shares of International Business Machines Corporation $IBM

Key Points

• TruWealth Advisors LLC increased its stake in International Business Machines (IBM) by 3.2% during the second quarter, acquiring an additional 3,214 shares to bring its total holdings to 104,224 shares.
• IBM reported a quarterly earnings per share (EPS) of $2.80, surpassing analysts' expectations of $2.65 and demonstrating a revenue growth of 7.7% year-over-year.
• The firm declared a quarterly dividend of $1.68 per share with a 2.7% yield, although its dividend payout ratio stands at a high of 109.09%.

TruWealth Advisors LLC raised its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 3.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 104,224 shares of the technology company's stock after purchasing an additional 3,214 shares during the quarter. International Business Machines accounts for approximately 1.7% of TruWealth Advisors LLC's investment portfolio, making the stock its 17th largest holding. TruWealth Advisors LLC's holdings in International Business Machines were worth $30,723,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Christopher J. Hasenberg Inc bought a new stake in International Business Machines during the 1st quarter valued at about $27,000. SSA Swiss Advisors AG bought a new position in International Business Machines in the 1st quarter worth about $28,000. Dagco Inc. bought a new stake in shares of International Business Machines during the first quarter valued at approximately $31,000. Silicon Valley Capital Partners boosted its holdings in shares of International Business Machines by 322.6% in the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company's stock valued at $32,000 after purchasing an additional 100 shares during the period. Finally, Compass Financial Services Inc grew its stake in International Business Machines by 41.5% in the first quarter. Compass Financial Services Inc now owns 167 shares of the technology company's stock worth $42,000 after purchasing an additional 49 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Stock Performance

Shares of International Business Machines stock opened at $253.46 on Friday. The company has a market capitalization of $235.56 billion, a PE ratio of 41.15, a P/E/G ratio of 3.96 and a beta of 0.71. The company has a 50-day simple moving average of $257.59 and a two-hundred day simple moving average of $256.94. International Business Machines Corporation has a one year low of $203.51 and a one year high of $296.16. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91.

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 (EPS) for the quarter, topping 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 in the previous year, the firm 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. Research analysts expect that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently disclosed 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 2.7%. The ex-dividend date was Friday, August 8th. International Business Machines's dividend payout ratio is currently 109.09%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on IBM. The Goldman Sachs Group upped their target price on International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Wall Street Zen upgraded International Business Machines from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. 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 report on Thursday, July 17th. Wedbush raised their target price on shares of International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a research report on Friday, June 20th. Finally, JPMorgan Chase & Co. upped 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 report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $270.67.

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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