Vanguard Personalized Indexing Management LLC Grows Position in International Business Machines Corporation $IBM

Key Points

• Vanguard Personalized Indexing Management LLC has increased its holdings in International Business Machines Corporation (IBM) by 17.1% in the second quarter, now owning 130,618 shares valued at approximately $38.9 million.
• IBM reported $2.80 EPS for the last quarter, exceeding analyst expectations and highlighting a 7.7% increase in revenue year-over-year to $16.98 billion.
• The company declared a quarterly dividend of $1.68 per share, representing an annualized yield of 2.4%, although its dividend payout ratio stands at 109.09%.

Vanguard Personalized Indexing Management LLC increased its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 17.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 130,618 shares of the technology company's stock after acquiring an additional 19,071 shares during the quarter. International Business Machines makes up about 0.4% of Vanguard Personalized Indexing Management LLC's investment portfolio, making the stock its 27th largest position. Vanguard Personalized Indexing Management LLC's holdings in International Business Machines were worth $38,904,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in IBM. Vanguard Group Inc. lifted its position 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 last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of International Business Machines by 6.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,636,725 shares of the technology company's stock valued at $2,147,608,000 after buying an additional 524,633 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of International Business Machines by 1.0% during the first quarter. Ameriprise Financial Inc. now owns 5,516,240 shares of the technology company's stock valued at $1,371,812,000 after buying an additional 52,317 shares during the last quarter. Goldman Sachs Group Inc. lifted its position 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 buying an additional 889,008 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of International Business Machines by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 5,108,455 shares of the technology company's stock valued at $1,270,022,000 after buying an additional 24,790 shares during the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Stock Performance

IBM opened at $278.09 on Friday. International Business Machines Corporation has a 12-month low of $203.51 and a 12-month high of $301.04. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. The firm has a market capitalization of $258.45 billion, a PE ratio of 45.14, a P/E/G ratio of 4.28 and a beta of 0.73. The firm has a 50 day moving average of $258.19 and a two-hundred day moving average of $260.68.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $16.98 billion during the quarter, compared to analyst estimates of $16.58 billion. During the same period last year, the firm posted $2.43 EPS. International Business Machines's revenue for the quarter 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 anticipate that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were given a dividend of $1.68 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a yield of 2.4%. International Business Machines's dividend payout ratio (DPR) is currently 109.09%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Weiss Ratings reissued a "hold (c+)" rating on shares of International Business Machines in a research report on Wednesday. Wedbush increased their price target 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. Stifel Nicolaus increased their price target on shares of International Business Machines from $290.00 to $310.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Sanford C. Bernstein assumed coverage on shares of International Business Machines in a report on Monday, September 15th. They set a "market perform" rating and a $280.00 price objective on the stock. Finally, UBS Group upped their price objective on shares of International Business Machines from $195.00 to $200.00 and gave the company a "sell" rating in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $284.62.

International Business Machines 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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