Atlas Wealth LLC Boosts Stock Holdings in International Business Machines Corporation $IBM

Atlas Wealth LLC increased its holdings in International Business Machines Corporation (NYSE:IBM) by 33.5% in the first quarter, HoldingsChannel.com reports. The fund owned 22,391 shares of the technology company’s stock after acquiring an additional 5,623 shares during the period. Atlas Wealth LLC’s holdings in International Business Machines were worth $5,427,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of research firms have recently commented on IBM. Jefferies Financial Group began coverage on shares of International Business Machines in a report on Tuesday, June 23rd. They issued a “buy” rating on the stock. Piper Sandler upgraded shares of International Business Machines to an “overweight” rating in a report on Tuesday, June 23rd. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of International Business Machines in a research report on Thursday. Barclays assumed coverage on International Business Machines in a report on Monday, June 1st. They set an “overweight” rating and a $350.00 target price for the company. Finally, Wedbush set a $350.00 target price on International Business Machines in a research report on Tuesday, June 2nd. Fifteen investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $292.89.

International Business Machines Stock Down 3.0%

Shares of NYSE:IBM opened at $212.54 on Friday. The company has a market capitalization of $199.76 billion, a price-to-earnings ratio of 18.79, a PEG ratio of 2.13 and a beta of 0.68. International Business Machines Corporation has a 12-month low of $204.44 and a 12-month high of $332.46. The business has a 50-day moving average price of $263.84 and a 200 day moving average price of $263.58. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 1.75.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.10. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.The company had revenue of $15.92 billion during the quarter, compared to the consensus estimate of $15.60 billion. During the same period in the previous year, the business earned $1.60 EPS. International Business Machines’s revenue for the quarter was up 9.5% on a year-over-year basis. Sell-side analysts expect that International Business Machines Corporation will post 12.33 EPS for the current year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were paid a $1.69 dividend. This is a boost from International Business Machines’s previous quarterly dividend of $1.68. The ex-dividend date was Friday, May 8th. This represents a $6.76 dividend on an annualized basis and a dividend yield of 3.2%. International Business Machines’s dividend payout ratio (DPR) is currently 59.77%.

Trending Headlines about International Business Machines

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

• Positive Sentiment: IBM launched new Power server products aimed at automation, app modernization, and local AI inferencing, which could support its enterprise AI push over time.
• Positive Sentiment: JPMorgan kept an overweight rating on IBM even after cutting its price target to $250, indicating Wall Street still sees upside from current levels.
• Positive Sentiment: Some analysts say the stock’s sharp decline may have pushed it into oversold territory, which could attract bargain hunters if sentiment stabilizes.
• Neutral Sentiment: IBM heads into its July 22 earnings report with investors focused on whether the company can validate its AI and cloud momentum after the warning.
• Neutral Sentiment: Analysts at Zacks and others are debating whether the selloff is an opportunity or a sign to wait, reflecting uncertainty rather than a clear fundamental shift.
• Negative Sentiment: IBM’s preliminary Q2 miss and weak near-term outlook are the main reasons the stock is falling, as they suggest slower growth and margin pressure.
• Negative Sentiment: Multiple law firms have announced securities-fraud investigations after the plunge, which can keep negative headlines around the stock.
• Negative Sentiment: Analyst sentiment is turning more cautious, with some estimate reductions and technical warnings reinforcing bearish momentum.

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.