J. W. Coons Advisors LLC Has $7.07 Million Stock Position in International Business Machines Corporation $IBM

J. W. Coons Advisors LLC lifted its position in shares of International Business Machines Corporation (NYSE:IBM) by 18.1% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 23,990 shares of the technology company’s stock after purchasing an additional 3,682 shares during the quarter. International Business Machines makes up about 1.6% of J. W. Coons Advisors LLC’s portfolio, making the stock its 11th largest holding. J. W. Coons Advisors LLC’s holdings in International Business Machines were worth $7,072,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of IBM. Family CFO Inc acquired a new stake in shares of International Business Machines during the second quarter worth $25,000. Christopher J. Hasenberg Inc acquired a new stake in shares of International Business Machines during the first quarter worth $27,000. SSA Swiss Advisors AG acquired a new stake in shares of International Business Machines during the first quarter worth $28,000. Dagco Inc. acquired a new stake in shares of International Business Machines during the first quarter worth $31,000. Finally, Silicon Valley Capital Partners boosted its stake in International Business Machines by 322.6% during the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after acquiring an additional 100 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Performance

Shares of IBM stock opened at $304.67 on Tuesday. The firm has a 50-day moving average of $274.46 and a 200-day moving average of $267.32. The company has a market cap of $284.79 billion, a P/E ratio of 36.44, a P/E/G ratio of 4.33 and a beta of 0.73. 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 Corporation has a one year low of $204.07 and a one year high of $319.35.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, beating the consensus estimate 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 company had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.10 billion. During the same quarter in the prior year, the company posted $2.30 earnings per share. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. Equities research analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on IBM shares. Morgan Stanley cut 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 research note on Thursday, October 23rd. Bank of America raised their price objective on shares of International Business Machines from $310.00 to $315.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Weiss Ratings raised shares of International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research note on Saturday, October 25th. Wall Street Zen raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Sunday, October 26th. Finally, Stifel Nicolaus dropped their price objective on shares of International Business Machines from $310.00 to $295.00 and set a “buy” rating on the stock in a research note on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, International Business Machines presently has a consensus rating of “Moderate Buy” and an average target price of $288.00.

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.