Capital & Planning LLC Takes $226,000 Position in International Business Machines Corporation $IBM

Capital & Planning LLC bought a new stake in International Business Machines Corporation (NYSE:IBM) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 767 shares of the technology company’s stock, valued at approximately $226,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC grew its stake in shares of International Business Machines by 12.4% in the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock worth $4,619,000 after acquiring an additional 2,323 shares during the last quarter. Apella Capital LLC grew its position in International Business Machines by 33.2% in the 1st quarter. Apella Capital LLC now owns 6,592 shares of the technology company’s stock worth $1,551,000 after purchasing an additional 1,644 shares during the last quarter. Nixon Peabody Trust Co. acquired a new stake in International Business Machines in the 1st quarter worth $256,000. Matrix Trust Co grew its position in International Business Machines by 23.7% in the 1st quarter. Matrix Trust Co now owns 1,968 shares of the technology company’s stock worth $489,000 after purchasing an additional 377 shares during the last quarter. Finally, Warren Street Wealth Advisors LLC acquired a new stake in International Business Machines in the 1st quarter worth $224,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

IBM has been the topic of a number of recent research reports. Sanford C. Bernstein initiated coverage on International Business Machines in a research report on Monday, September 15th. They set a “market perform” rating and a $280.00 target price on the stock. Erste Group Bank lowered International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. JPMorgan Chase & Co. lifted their price objective on International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Wall Street Zen upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Finally, UBS Group lifted their price target on shares of International Business Machines from $195.00 to $200.00 and gave the stock a “sell” rating in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $284.62.

International Business Machines Price Performance

Shares of IBM stock opened at $287.05 on Friday. The stock’s fifty day simple moving average is $254.60 and its 200 day simple moving average is $258.93. 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 $266.78 billion, a price-to-earnings ratio of 46.60, a P/E/G ratio of 4.41 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.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, beating the consensus estimate of $2.65 by $0.15. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. 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 previous year, the company earned $2.43 EPS. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders 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 dividend on an annualized basis and a yield of 2.3%. International Business Machines’s payout ratio is 109.09%.

International Business Machines 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.