Global Assets Advisory LLC Acquires New Position in International Business Machines Corporation $IBM

Global Assets Advisory LLC bought a new position in International Business Machines Corporation (NYSE:IBM) in the second quarter, according to its most recent filing with the SEC. The firm bought 9,020 shares of the technology company’s stock, valued at approximately $2,627,000. International Business Machines makes up 1.0% of Global Assets Advisory LLC’s investment portfolio, making the stock its 18th largest position.

A number of other hedge funds have also bought and sold shares of the stock. MinichMacGregor Wealth Management LLC acquired a new stake in International Business Machines during the 1st quarter worth about $396,000. Brooklyn Investment Group raised its stake in shares of International Business Machines by 32.7% in the first quarter. Brooklyn Investment Group now owns 6,622 shares of the technology company’s stock worth $1,647,000 after purchasing an additional 1,630 shares during the last quarter. Edgar Lomax Co. VA lifted its holdings in shares of International Business Machines by 5.7% during the first quarter. Edgar Lomax Co. VA now owns 235,967 shares of the technology company’s stock worth $58,676,000 after purchasing an additional 12,690 shares during the period. Left Brain Wealth Management LLC boosted its position in International Business Machines by 1,547.8% in the first quarter. Left Brain Wealth Management LLC now owns 17,664 shares of the technology company’s stock valued at $4,392,000 after buying an additional 16,592 shares during the last quarter. Finally, Alpha Cubed Investments LLC increased its holdings in International Business Machines by 47.0% in the 1st quarter. Alpha Cubed Investments LLC now owns 7,507 shares of the technology company’s stock worth $1,867,000 after buying an additional 2,399 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on IBM. Erste Group Bank cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. UBS Group upped their price target 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. Wall Street Zen raised International Business Machines from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Stifel Nicolaus boosted their price objective on International Business Machines from $290.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Finally, Royal Bank Of Canada upped their target price on International Business Machines from $285.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, International Business Machines has an average rating of “Hold” and an average price target of $284.62.

International Business Machines Price Performance

NYSE:IBM opened at $288.62 on Monday. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. International Business Machines Corporation has a 52 week low of $203.51 and a 52 week high of $296.16. The stock’s 50-day moving average price is $255.18 and its 200-day moving average price is $259.38. The stock has a market capitalization of $268.25 billion, a PE ratio of 46.85, a price-to-earnings-growth ratio of 4.44 and a beta of 0.73.

International Business Machines (NYSE:IBM) last issued 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 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 the consensus estimate of $16.58 billion. During the same quarter in the prior year, the business posted $2.43 earnings per share. International Business Machines’s revenue for the quarter was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities analysts expect that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business 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. The ex-dividend date was Friday, August 8th. This represents a $6.72 annualized dividend and a dividend yield of 2.3%. International Business Machines’s dividend payout ratio (DPR) is 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.