RFG Advisory LLC Acquires 3,998 Shares of International Business Machines Corporation $IBM

RFG Advisory LLC boosted its holdings in International Business Machines Corporation (NYSE:IBM) by 23.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,816 shares of the technology company’s stock after buying an additional 3,998 shares during the period. RFG Advisory LLC’s holdings in International Business Machines were worth $6,136,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Family CFO Inc bought a new stake in shares of International Business Machines during the second quarter valued at approximately $25,000. Christopher J. Hasenberg Inc bought a new stake in shares of International Business Machines during the first quarter valued at approximately $27,000. SSA Swiss Advisors AG bought a new stake in shares of International Business Machines during the first quarter valued at approximately $28,000. Dagco Inc. bought a new stake in shares of International Business Machines during the first quarter valued at approximately $31,000. Finally, Silicon Valley Capital Partners increased its position in shares of International Business Machines by 322.6% during 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 owned by institutional investors.

International Business Machines Price Performance

Shares of IBM stock opened at $277.21 on Tuesday. 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 firm has a market cap of $257.64 billion, a price-to-earnings ratio of 45.00, a P/E/G ratio of 4.28 and a beta of 0.73. The stock’s fifty day simple moving average is $258.69 and its 200 day simple moving average is $261.01. International Business Machines Corporation has a one year low of $203.51 and a one year high of $301.04.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, topping analysts’ consensus estimates of $2.65 by $0.15. The company had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The business’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. On average, analysts expect 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 disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were paid a $1.68 dividend. 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 payout ratio is currently 109.09%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Wedbush boosted their price objective on International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, June 20th. Weiss Ratings restated a “hold (c+)” rating on shares of International Business Machines in a research report on Wednesday, October 8th. Sanford C. Bernstein assumed coverage on International Business Machines in a research report on Monday, September 15th. They set a “market perform” rating and a $280.00 price objective on the stock. The Goldman Sachs Group boosted their price objective on International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Finally, Melius Research raised International Business Machines to a “strong-buy” rating in a research note on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $284.62.

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.