Whipplewood Advisors LLC Increases Stock Position in International Business Machines Corporation $IBM

Whipplewood Advisors LLC lifted its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 65.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 312 shares of the technology company’s stock after buying an additional 123 shares during the quarter. Whipplewood Advisors LLC’s holdings in International Business Machines were worth $92,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of IBM. Family CFO Inc purchased a new stake in shares of International Business Machines during the 2nd quarter valued at approximately $25,000. Christopher J. Hasenberg Inc bought a new stake in International Business Machines during the 1st quarter worth approximately $27,000. SSA Swiss Advisors AG bought a new stake in International Business Machines during the 1st quarter worth approximately $28,000. Dagco Inc. bought a new stake in International Business Machines during the 1st quarter worth approximately $31,000. Finally, Silicon Valley Capital Partners increased its holdings 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 acquiring an additional 100 shares during the period. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

IBM has been the topic of a number of analyst reports. Wall Street Zen raised shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Sunday. UBS Group upped their target price on shares of International Business Machines from $200.00 to $210.00 and gave the stock a “sell” rating in a report on Thursday. Royal Bank Of Canada decreased their target price on shares of International Business Machines from $315.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday. Morgan Stanley decreased their target price on shares of International Business Machines from $256.00 to $252.00 and set an “equal weight” rating on the stock in a report on Thursday. Finally, The Goldman Sachs Group increased their price target on shares of International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $288.00.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $307.78 on Monday. The company’s fifty day moving average price is $266.21 and its 200-day moving average price is $264.07. The firm has a market capitalization of $287.69 billion, a price-to-earnings ratio of 36.82, a PEG ratio of 4.33 and a beta of 0.73. International Business Machines Corporation has a one year low of $203.51 and a one year high of $310.75. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 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 firm had revenue of $16.33 billion for the quarter, compared to analyst estimates of $16.10 billion. During the same quarter in the prior year, the firm earned $2.30 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

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

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.