International Business Machines Corporation $IBM is Welch Group LLC’s 2nd Largest Position

Welch Group LLC decreased its stake in shares of International Business Machines Corporation (NYSE:IBM) by 0.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 300,394 shares of the technology company’s stock after selling 819 shares during the quarter. International Business Machines comprises about 3.7% of Welch Group LLC’s investment portfolio, making the stock its 2nd biggest holding. Welch Group LLC’s holdings in International Business Machines were worth $88,550,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Family CFO Inc purchased a new position in International Business Machines during the second quarter valued at $25,000. Christopher J. Hasenberg Inc purchased a new position in International Business Machines during the first quarter valued at $27,000. SSA Swiss Advisors AG purchased a new position in International Business Machines during the first quarter valued at $28,000. Dagco Inc. purchased a new position in International Business Machines during the first quarter valued at $31,000. Finally, Silicon Valley Capital Partners raised its stake in 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 buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

Shares of IBM opened at $278.09 on Monday. 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 Corporation has a one year low of $203.51 and a one year high of $301.04. The firm has a market capitalization of $258.45 billion, a P/E ratio of 45.14, a PEG ratio of 4.28 and a beta of 0.73. The business has a fifty day moving average of $258.19 and a 200 day moving average of $260.78.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, topping the consensus estimate 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 during 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. International Business Machines’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, sell-side analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were issued a $1.68 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 annualized dividend and a dividend yield of 2.4%. International Business Machines’s payout ratio is presently 109.09%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on IBM shares. The Goldman Sachs Group boosted their price target on International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. UBS Group boosted their price target on International Business Machines from $195.00 to $200.00 and gave the stock a “sell” rating in a research note on Thursday, July 24th. Bank of America decreased their price target on 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. Weiss Ratings restated a “hold (c+)” rating on shares of International Business Machines in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. boosted their price target on International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price 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.