Samalin Investment Counsel LLC Makes New Investment in International Business Machines Corporation $IBM

Samalin Investment Counsel LLC bought a new position in shares of International Business Machines Corporation (NYSE:IBM) in the 1st quarter, HoldingsChannel reports. The fund bought 1,384 shares of the technology company’s stock, valued at approximately $344,000.

Several other hedge funds also recently bought and sold shares of the stock. FORA Capital LLC purchased a new position in International Business Machines during the first quarter worth about $517,000. Widmann Financial Services Inc. boosted its stake in International Business Machines by 2.0% during the first quarter. Widmann Financial Services Inc. now owns 15,089 shares of the technology company’s stock worth $3,752,000 after buying an additional 293 shares during the period. Orion Capital Management LLC boosted its stake in International Business Machines by 37.3% during the first quarter. Orion Capital Management LLC now owns 3,403 shares of the technology company’s stock worth $846,000 after buying an additional 924 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its stake in International Business Machines by 38.3% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 330,222 shares of the technology company’s stock worth $82,113,000 after buying an additional 91,468 shares during the period. Finally, NCM Capital Management LLC boosted its stake in International Business Machines by 2.0% during the first quarter. NCM Capital Management LLC now owns 5,920 shares of the technology company’s stock worth $1,472,000 after buying an additional 114 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Up 1.2%

Shares of NYSE:IBM opened at $242.40 on Wednesday. The firm’s 50 day moving average price is $267.96 and its 200 day moving average price is $257.81. The stock has a market cap of $225.28 billion, a price-to-earnings ratio of 39.35, a price-to-earnings-growth ratio of 3.69 and a beta of 0.69. International Business Machines Corporation has a fifty-two week low of $196.97 and a fifty-two week high of $296.16. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.15. The firm had revenue of $16.98 billion for the quarter, compared to analysts’ expectations of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities research analysts predict 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 announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 8th will be paid a dividend of $1.68 per share. The ex-dividend date is Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.8%. International Business Machines’s payout ratio is presently 109.09%.

Analyst Ratings Changes

Several brokerages have weighed in on IBM. Bank of America lowered their target price on shares of 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. Wall Street Zen raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. JPMorgan Chase & Co. increased their price target on shares of International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Stifel Nicolaus increased their price target on shares of International Business Machines from $290.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Finally, Melius Research raised shares of International Business Machines to a “strong-buy” rating in a research report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $268.75.

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.