PFG Advisors Has $2.60 Million Position in International Business Machines Corporation $IBM

PFG Advisors raised its stake in shares of International Business Machines Corporation (NYSE:IBM) by 8.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,811 shares of the technology company’s stock after acquiring an additional 651 shares during the quarter. PFG Advisors’ holdings in International Business Machines were worth $2,597,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Zions Bancorporation National Association UT boosted its position in International Business Machines by 20.4% in the second quarter. Zions Bancorporation National Association UT now owns 1,693 shares of the technology company’s stock valued at $499,000 after buying an additional 287 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC raised its stake in shares of International Business Machines by 2.4% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 17,788 shares of the technology company’s stock valued at $5,244,000 after acquiring an additional 415 shares during the last quarter. Midwest Trust Co acquired a new position in shares of International Business Machines in the 2nd quarter worth approximately $18,309,000. DJE Kapital AG grew its position in International Business Machines by 156.6% during the 2nd quarter. DJE Kapital AG now owns 336,921 shares of the technology company’s stock worth $98,408,000 after acquiring an additional 205,636 shares during the last quarter. Finally, Brio Consultants LLC increased its holdings in International Business Machines by 8.6% during the 2nd quarter. Brio Consultants LLC now owns 923 shares of the technology company’s stock valued at $272,000 after purchasing an additional 73 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Down 1.9%

Shares of NYSE:IBM opened at $306.64 on Monday. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89. The stock has a market cap of $286.63 billion, a price-to-earnings ratio of 36.68, a P/E/G ratio of 4.33 and a beta of 0.71. The company has a 50 day moving average of $279.45 and a 200-day moving average of $269.19. 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 quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 earnings per share 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 business had revenue of $16.33 billion for the quarter, compared to analyst estimates of $16.10 billion. During the same period in the prior year, the business posted $2.30 earnings per share. International Business Machines’s revenue was up 9.1% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Sanford C. Bernstein started coverage on International Business Machines in a research report on Monday, September 15th. They issued a “market perform” rating and a $280.00 price objective for the company. Royal Bank Of Canada lowered their target price on International Business Machines from $315.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, October 23rd. Weiss Ratings upgraded shares of International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research report on Saturday, October 25th. BMO Capital Markets increased their price objective on shares of International Business Machines from $300.00 to $305.00 and gave the stock a “market perform” rating in a report on Thursday, October 23rd. Finally, Stifel Nicolaus dropped their target price on shares of International Business Machines from $310.00 to $295.00 and set a “buy” rating for the company in a research note on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $288.00.

International Business Machines Company 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.