International Business Machines Corporation $IBM Shares Bought by Walled Lake Planning & Wealth Management LLC

Walled Lake Planning & Wealth Management LLC grew its holdings in International Business Machines Corporation (NYSE:IBM) by 12.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,579 shares of the technology company’s stock after acquiring an additional 498 shares during the period. Walled Lake Planning & Wealth Management LLC’s holdings in International Business Machines were worth $1,350,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of IBM. Family CFO Inc acquired a new position in International Business Machines during the 2nd quarter worth $25,000. Winnow Wealth LLC purchased a new position in International Business Machines in the second quarter worth approximately $27,000. SSA Swiss Advisors AG purchased a new stake in shares of International Business Machines during the 1st quarter worth $28,000. Dagco Inc. purchased a new position in International Business Machines in the first quarter valued at $31,000. Finally, Silicon Valley Capital Partners raised its stake in International Business Machines by 322.6% in 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 in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Up 2.4%

NYSE:IBM opened at $297.36 on Friday. The company has a market capitalization of $277.95 billion, a PE ratio of 35.57, a P/E/G ratio of 4.33 and a beta of 0.71. International Business Machines Corporation has a 52-week low of $214.50 and a 52-week high of $324.90. The stock’s 50 day moving average price is $289.55 and its 200 day moving average price is $273.24. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.97.

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

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be given a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Monday, November 10th. International Business Machines’s dividend payout ratio (DPR) is presently 80.38%.

Analyst Ratings Changes

Several research analysts have recently issued reports on IBM shares. Weiss Ratings raised International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research report on Saturday, October 25th. Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. Oppenheimer started coverage on International Business Machines in a report on Friday. They issued an “outperform” rating and a $360.00 price target for the company. Royal Bank Of Canada dropped their price target on shares of 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. Finally, Stifel Nicolaus reduced their price objective on shares of 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. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, International Business Machines currently has an average rating of “Moderate Buy” and a consensus target price 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.