U.S. Capital Wealth Advisors LLC Buys 20,005 Shares of International Business Machines Corporation $IBM

Key Points

• U.S. Capital Wealth Advisors LLC increased its stake in International Business Machines Corporation (IBM) by 78.8%, owning 45,395 shares valued at approximately $13.38 million as of the latest filing.
• IBM reported earnings of $2.80 per share, surpassing analysts' estimates of $2.65, alongside a net revenue of $16.98 billion for the quarter.
• The company declared a quarterly dividend of $1.68 per share, resulting in an annualized payout of $6.72 and a dividend yield of 2.5%.

U.S. Capital Wealth Advisors LLC increased its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 78.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 45,395 shares of the technology company's stock after buying an additional 20,005 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in International Business Machines were worth $13,382,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

IBM has been the subject of several recent analyst reports. Bank of America lowered their price target on International Business Machines from $320.00 to $310.00 and set a "buy" rating for the company in a report on Thursday, July 24th. Melius Research raised shares of International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. 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. Sanford C. Bernstein began coverage on International Business Machines in a report on Monday, September 15th. They set a "market perform" rating and a $280.00 target price for the company. Finally, Royal Bank Of Canada upped their price objective 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 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 given a Sell rating to the company. According to data from MarketBeat, International Business Machines currently has a consensus rating of "Hold" and a consensus target price of $275.00.

International Business Machines Price Performance

NYSE IBM traded up $5.47 during midday trading on Monday, hitting $271.87. The company had a trading volume of 5,024,599 shares, compared to its average volume of 4,128,385. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. International Business Machines Corporation has a twelve month low of $203.51 and a twelve month high of $296.16. The company has a market capitalization of $252.67 billion, a PE ratio of 44.13, a P/E/G ratio of 4.10 and a beta of 0.71. The firm has a 50-day moving average price of $254.58 and a 200-day moving average price of $257.38.

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, topping analysts' consensus estimates of $2.65 by $0.15. The business had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.International Business Machines's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. As a group, 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 announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were paid a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was 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.