Vontobel Holding Ltd. Boosts Stake in International Business Machines Corporation $IBM

Key Points

• Vontobel Holding Ltd. increased its stake in International Business Machines Corporation by 23.6%, now owning 237,604 shares valued at approximately $70 million.
• IBM's quarterly earnings exceeded expectations with an EPS of $2.80 compared to the analyst consensus of $2.65, and revenue of $16.98 billion, up 7.7% year-over-year.
• The company recently announced a quarterly dividend of $1.68 per share, representing an annual yield of 2.3%, despite a payout ratio of 109.09%.

Vontobel Holding Ltd. raised its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 23.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 237,604 shares of the technology company's stock after buying an additional 45,295 shares during the period. Vontobel Holding Ltd.'s holdings in International Business Machines were worth $70,041,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of IBM. Family CFO Inc acquired a new position in International Business Machines in the second quarter valued at $25,000. Christopher J. Hasenberg Inc acquired a new position in International Business Machines in the first quarter valued at $27,000. SSA Swiss Advisors AG acquired a new position in International Business Machines in the first quarter valued at $28,000. Dagco Inc. acquired a new position in International Business Machines in the first quarter valued at $31,000. Finally, Silicon Valley Capital Partners increased its stake in 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. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Trading Down 1.6%

NYSE IBM opened at $289.31 on Thursday. International Business Machines Corporation has a 12 month low of $203.51 and a 12 month high of $301.04. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. The company has a market capitalization of $268.88 billion, a price-to-earnings ratio of 46.97, a price-to-earnings-growth ratio of 4.52 and a beta of 0.73. The company's fifty day moving average price is $256.92 and its two-hundred day moving average price is $260.14.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 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 period in the prior year, the firm posted $2.43 EPS. The firm's revenue was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. As a group, research analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

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. This represents a $6.72 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Friday, August 8th. International Business Machines's dividend payout ratio is 109.09%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of International Business Machines from $244.00 to $290.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Bank of America cut their target price on shares of International Business Machines from $320.00 to $310.00 and set a "buy" rating for the company in a research report on Thursday, July 24th. Wedbush boosted their price objective 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. Melius Research raised shares of International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. Finally, Sanford C. Bernstein started coverage on shares of International Business Machines in a research report on Monday, September 15th. They set a "market perform" rating and a $280.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus 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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