Whelan Financial Has $450,000 Holdings in International Business Machines Corporation $IBM

Whelan Financial raised its holdings in International Business Machines Corporation (NYSE:IBM) by 2.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,525 shares of the technology company’s stock after purchasing an additional 36 shares during the quarter. Whelan Financial’s holdings in International Business Machines were worth $450,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in International Business Machines by 9.3% during the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 48,474 shares of the technology company’s stock worth $14,289,000 after buying an additional 4,122 shares in the last quarter. HighMark Wealth Management LLC acquired a new position in shares of International Business Machines during the second quarter worth approximately $230,000. DHJJ Financial Advisors Ltd. grew its stake in shares of International Business Machines by 273.4% during the second quarter. DHJJ Financial Advisors Ltd. now owns 519 shares of the technology company’s stock valued at $153,000 after purchasing an additional 380 shares during the last quarter. Custos Family Office LLC bought a new position in International Business Machines in the 2nd quarter worth approximately $251,000. Finally, Yeomans Consulting Group Inc. increased its stake in shares of International Business Machines by 3.5% in the 2nd quarter. Yeomans Consulting Group Inc. now owns 3,105 shares of the technology company’s stock valued at $904,000 after buying an additional 106 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Performance

Shares of NYSE IBM opened at $287.05 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. The stock has a 50 day moving average of $254.60 and a 200-day moving average of $258.93. International Business Machines Corporation has a 12 month low of $203.51 and a 12 month high of $296.16. The company has a market capitalization of $266.78 billion, a P/E ratio of 46.60, a P/E/G ratio of 4.41 and a beta of 0.73.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, beating analysts’ consensus estimates of $2.65 by $0.15. The business had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. International Business Machines’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were issued a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines’s dividend payout ratio (DPR) is currently 109.09%.

Analysts Set New Price Targets

IBM has been the subject of a number of research reports. Stifel Nicolaus lifted their price objective on International Business Machines from $290.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Wall Street Zen raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Sanford C. Bernstein assumed coverage on shares of International Business Machines in a report on Monday, September 15th. They set a “market perform” rating and a $280.00 target price for the company. Melius Research raised International Business Machines to a “strong-buy” rating in a research note on Monday, July 7th. Finally, Wedbush raised their price target on International Business Machines from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Friday, June 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $284.62.

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.