Fiduciary Wealth Partners LLC Grows Stake in International Business Machines Corporation $IBM

Fiduciary Wealth Partners LLC lifted its stake in shares of International Business Machines Corporation (NYSE:IBM) by 14,311.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,450 shares of the technology company’s stock after purchasing an additional 2,433 shares during the period. International Business Machines accounts for 0.7% of Fiduciary Wealth Partners LLC’s investment portfolio, making the stock its 20th biggest holding. Fiduciary Wealth Partners LLC’s holdings in International Business Machines were worth $722,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Family CFO Inc purchased a new stake in International Business Machines in the second quarter worth $25,000. Christopher J. Hasenberg Inc bought a new position in shares of International Business Machines during the 1st quarter worth $27,000. SSA Swiss Advisors AG purchased a new stake in International Business Machines in the 1st quarter worth about $28,000. Highline Wealth Partners LLC increased its holdings in International Business Machines by 85.0% in the 2nd quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock worth $33,000 after acquiring an additional 51 shares during the last quarter. Finally, Dagco Inc. bought a new stake in International Business Machines in the 1st quarter valued at about $31,000. Institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Up 8.0%

Shares of International Business Machines stock opened at $307.78 on Friday. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.87. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year high of $310.75. The firm has a market cap of $286.05 billion, a PE ratio of 36.82, a PEG ratio of 4.69 and a beta of 0.73. The company has a 50 day simple moving average of $266.21 and a two-hundred day simple moving average of $263.87.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.20. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The company had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.10 billion. During the same period in the previous year, the firm posted $2.30 EPS. The firm’s revenue was up 9.1% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be issued a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Monday, November 10th. International Business Machines’s dividend payout ratio is presently 80.38%.

Analysts Set New Price Targets

IBM has been the subject of several recent research reports. UBS Group lifted their target price on shares of International Business Machines from $200.00 to $210.00 and gave the stock a “sell” rating in a research note on Thursday. Sanford C. Bernstein assumed coverage on shares of International Business Machines in a report on Monday, September 15th. They issued a “market perform” rating and a $280.00 price objective for the company. Erste Group Bank cut shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Stifel Nicolaus dropped their target price on International Business Machines from $310.00 to $295.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Weiss Ratings upgraded International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, International Business Machines currently has a consensus rating of “Moderate Buy” and a consensus target price of $288.00.

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.