Stokes Capital Advisors LLC Boosts Stock Holdings in International Business Machines Corporation $IBM

Stokes Capital Advisors LLC increased its stake in International Business Machines Corporation (NYSE:IBM) by 65.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,445 shares of the technology company’s stock after acquiring an additional 13,606 shares during the period. International Business Machines makes up about 1.9% of Stokes Capital Advisors LLC’s holdings, making the stock its 20th largest holding. Stokes Capital Advisors LLC’s holdings in International Business Machines were worth $8,349,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Family CFO Inc acquired a new stake in International Business Machines in the 4th quarter valued at about $25,000. Basepoint Wealth LLC purchased a new position in shares of International Business Machines in the 4th quarter valued at about $25,000. Joseph Group Capital Management acquired a new position in shares of International Business Machines during the fourth quarter worth about $28,000. Cornerstone Financial Management LLC acquired a new position in shares of International Business Machines during the fourth quarter worth about $28,000. Finally, SWAN Capital LLC purchased a new stake in shares of International Business Machines during the third quarter worth approximately $28,000. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Stock Performance

Shares of IBM opened at $258.36 on Friday. The company has a market capitalization of $242.83 billion, a price-to-earnings ratio of 22.84, a price-to-earnings-growth ratio of 2.72 and a beta of 0.67. International Business Machines Corporation has a 52-week low of $212.34 and a 52-week high of $332.46. The company has a quick ratio of 0.76, a current ratio of 0.80 and a debt-to-equity ratio of 1.75. The stock has a 50 day moving average price of $253.31 and a 200 day moving average price of $267.23.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, April 22nd. The technology company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.10. The company had revenue of $15.92 billion for the quarter, compared to analysts’ expectations of $15.60 billion. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the company earned $1.60 earnings per share. Research analysts predict that International Business Machines Corporation will post 12.39 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were given a $1.69 dividend. This represents a $6.76 dividend on an annualized basis and a yield of 2.6%. This is a boost from International Business Machines’s previous quarterly dividend of $1.68. The ex-dividend date of this dividend was Friday, May 8th. International Business Machines’s dividend payout ratio is presently 59.77%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. HSBC raised shares of International Business Machines from a “reduce” rating to a “hold” rating and raised their target price for the company from $218.00 to $231.00 in a report on Tuesday, April 28th. DZ Bank raised shares of International Business Machines from a “hold” rating to a “buy” rating and set a $295.00 price objective on the stock in a research report on Friday, April 24th. Oppenheimer reduced their price objective on shares of International Business Machines from $380.00 to $320.00 and set an “outperform” rating on the stock in a report on Thursday, April 16th. Morgan Stanley raised shares of International Business Machines from an “equal weight” rating to an “overweight” rating in a research report on Tuesday. Finally, Jefferies Financial Group began coverage on International Business Machines in a report on Tuesday. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $306.94.

More International Business Machines News

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: IBM unveiled what it says is the world’s first sub-1 nanometer chip technology, a potential industry milestone that could make AI chips smaller, faster, and more energy efficient. Investors are viewing the announcement as evidence that IBM remains an innovation leader in AI infrastructure and advanced computing. Article: Reuters
• Positive Sentiment: Several reports highlighted IBM’s new 0.7nm “nanostack” chip architecture, with claims of materially better performance and energy efficiency. That kind of technical progress can improve IBM’s long-term growth narrative, especially around AI and high-performance computing. Article: PR Newswire
• Positive Sentiment: JPMorgan reportedly upgraded IBM, citing stronger software growth prospects. Analyst upgrades can support the stock by reinforcing expectations for better earnings quality and recurring revenue growth. Article: Insider Monkey
• Positive Sentiment: IBM also drew attention after its OpenAI cybersecurity partnership, which investors may see as a catalyst for growth in enterprise AI and security services. Article: Barchart
• Neutral Sentiment: Some coverage noted that the new chip technology is still several years from commercial production, which may temper near-term enthusiasm even if the long-term story is stronger.

International Business Machines Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.