717 Shares in International Business Machines Corporation $IBM Acquired by Millington Financial Advisors LLC

Millington Financial Advisors LLC acquired a new position in shares of International Business Machines Corporation (NYSE:IBM) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 717 shares of the technology company’s stock, valued at approximately $202,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Family CFO Inc acquired a new stake in International Business Machines during the second quarter worth approximately $25,000. Winnow Wealth LLC bought a new stake in International Business Machines in the 2nd quarter valued at $27,000. Dagco Inc. acquired a new position in International Business Machines in the 1st quarter valued at $31,000. Silicon Valley Capital Partners increased its position in International Business Machines by 322.6% during the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after buying an additional 100 shares during the period. Finally, Highline Wealth Partners LLC lifted its holdings in shares of International Business Machines by 85.0% during the second quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock worth $33,000 after buying an additional 51 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Up 1.8%

NYSE IBM opened at $308.68 on Friday. The company has a market cap of $288.53 billion, a price-to-earnings ratio of 36.92, a price-to-earnings-growth ratio of 4.33 and a beta of 0.71. International Business Machines Corporation has a twelve month low of $214.50 and a twelve month high of $324.90. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.97. The business’s fifty day moving average is $293.95 and its 200 day moving average is $275.03.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.45 by $0.20. The firm had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.10 billion. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the company earned $2.30 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be paid a dividend of $1.68 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $6.72 annualized dividend and a dividend yield of 2.2%. International Business Machines’s dividend payout ratio (DPR) is presently 80.38%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Oppenheimer began coverage on shares of International Business Machines in a research report on Friday, November 21st. They set an “outperform” rating and a $360.00 target price on the stock. Royal Bank Of Canada lowered their price objective on International Business Machines from $315.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, October 23rd. Stifel Nicolaus cut their target price on International Business Machines from $310.00 to $295.00 and set a “buy” rating for the company in a research report on Thursday, October 23rd. Bank of America raised their price target on International Business Machines from $310.00 to $315.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Finally, Morgan Stanley cut their price target on shares of International Business Machines from $256.00 to $252.00 and set an “equal weight” rating for the company in a report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $291.08.

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.