Capital Advisors Inc. OK Has $65.94 Million Holdings in International Business Machines Corporation $IBM

Capital Advisors Inc. OK grew its holdings in International Business Machines Corporation (NYSE:IBM) by 1.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 223,692 shares of the technology company’s stock after purchasing an additional 2,134 shares during the period. International Business Machines comprises approximately 1.2% of Capital Advisors Inc. OK’s investment portfolio, making the stock its 22nd biggest holding. Capital Advisors Inc. OK’s holdings in International Business Machines were worth $65,940,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Family CFO Inc bought a new position in shares of International Business Machines in the second quarter valued at $25,000. Christopher J. Hasenberg Inc bought a new position in shares of International Business Machines in the first quarter valued at $27,000. SSA Swiss Advisors AG bought a new position in shares of International Business Machines in the first quarter valued at $28,000. Highline Wealth Partners LLC grew its stake in shares of International Business Machines by 85.0% in the second quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock valued at $33,000 after buying an additional 51 shares in the last quarter. Finally, Dagco Inc. bought a new position in shares of International Business Machines in the first quarter valued at $31,000. 58.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Bank of America decreased 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 note on Thursday, July 24th. Sanford C. Bernstein assumed coverage on shares of International Business Machines in a research note on Monday, September 15th. They issued a “market perform” rating and a $280.00 target price for the company. The Goldman Sachs Group lifted their price objective on shares of International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. UBS Group lifted their price objective on shares of International Business Machines from $195.00 to $200.00 and gave the stock a “sell” rating in a research report on Thursday, July 24th. Finally, Wedbush lifted their price objective on shares of International Business Machines from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Friday, June 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, International Business Machines has an average rating of “Hold” and a consensus price target of $284.62.

International Business Machines Trading Up 0.7%

IBM stock opened at $288.62 on Monday. The company has a fifty day moving average price of $255.18 and a two-hundred day moving average price of $259.38. The stock has a market cap of $268.25 billion, a price-to-earnings ratio of 46.85, a price-to-earnings-growth ratio of 4.44 and a beta of 0.73. 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 current ratio of 0.91 and a quick ratio of 0.87.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.65 by $0.15. The company had revenue of $16.98 billion during the quarter, compared to analysts’ expectations of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. International Business Machines’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. Equities 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 announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were given a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend 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.