West Branch Capital LLC Buys 987 Shares of International Business Machines Corporation $IBM

Key Points

• West Branch Capital LLC increased its stake in International Business Machines Corporation (IBM) by 22.3%, acquiring an additional 987 shares worth approximately $1.6 million.
• Institutional investors currently hold 58.96% of IBM's stock, with several hedge funds raising their positions during the recent quarters.
• IBM reported a quarterly earnings per share of $2.80, exceeding analyst expectations, and declared a quarterly dividend of $1.68 per share, reflecting a 2.4% dividend yield.

West Branch Capital LLC raised its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 22.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,413 shares of the technology company's stock after acquiring an additional 987 shares during the period. West Branch Capital LLC's holdings in International Business Machines were worth $1,596,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in International Business Machines by 12.4% in the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock valued at $4,619,000 after acquiring an additional 2,323 shares during the last quarter. 111 Capital purchased a new stake in shares of International Business Machines during the fourth quarter valued at $292,000. Mascagni Wealth Management Inc. bought a new position in shares of International Business Machines in the fourth quarter worth about $43,000. Wellington Management Group LLP lifted its holdings in International Business Machines by 1.4% during the 4th quarter. Wellington Management Group LLP now owns 231,021 shares of the technology company's stock valued at $50,785,000 after buying an additional 3,206 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of International Business Machines by 0.8% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 8,795 shares of the technology company's stock worth $2,187,000 after acquiring an additional 70 shares during the period. 58.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. BMO Capital Markets upped their target price on International Business Machines from $260.00 to $300.00 and gave the stock a "market perform" rating in a report on Friday, July 18th. UBS Group increased their target price on shares of International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a report on Thursday, July 24th. 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. Sanford C. Bernstein began coverage on shares of International Business Machines in a report on Monday, September 15th. They issued a "market perform" rating and a $280.00 price target for the company. Finally, The Goldman Sachs Group increased 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 note on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $275.00.

International Business Machines Stock Performance

IBM opened at $284.72 on Friday. 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 firm's fifty day simple moving average is $254.07 and its two-hundred day simple moving average is $257.97. The company has a market cap of $264.62 billion, a price-to-earnings ratio of 46.22, a PEG ratio of 4.33 and a beta of 0.71. International Business Machines Corporation has a 52-week low of $203.51 and a 52-week high of $296.16.

International Business Machines (NYSE:IBM - Get Free Report) last released 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. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The company had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. During the same quarter in the previous year, the company posted $2.43 earnings per share. The firm'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. Equities analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently declared 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. The ex-dividend date was Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.4%. International Business Machines's dividend payout ratio is currently 109.09%.

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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