GoalVest Advisory LLC Raises Position in International Business Machines Corporation $IBM

GoalVest Advisory LLC increased its holdings in International Business Machines Corporation (NYSE:IBM) by 35.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 343 shares of the technology company’s stock after buying an additional 90 shares during the period. GoalVest Advisory LLC’s holdings in International Business Machines were worth $101,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of IBM. Family CFO Inc bought a new position in International Business Machines in the 2nd quarter worth approximately $25,000. Christopher J. Hasenberg Inc bought a new position in International Business Machines in the 1st quarter worth approximately $27,000. SSA Swiss Advisors AG bought a new position in International Business Machines in the 1st quarter worth approximately $28,000. Dagco Inc. bought a new position in International Business Machines in the 1st quarter worth approximately $31,000. Finally, Silicon Valley Capital Partners boosted its holdings in International Business Machines by 322.6% in the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after buying an additional 100 shares during the period. 58.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on IBM shares. Bank of America raised their price target on shares of International Business Machines from $310.00 to $315.00 and gave the company a “buy” rating in a report on Thursday. Wall Street Zen raised shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Sunday. BMO Capital Markets raised their price target on shares of International Business Machines from $300.00 to $305.00 and gave the company a “market perform” rating in a report on Thursday. Melius Research raised shares of International Business Machines to a “strong-buy” rating in a report on Monday, July 7th. Finally, Sanford C. Bernstein started coverage on shares of International Business Machines in a report on Monday, September 15th. They issued a “market perform” rating and a $280.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $288.00.

International Business Machines Stock Performance

NYSE IBM opened at $307.78 on Monday. International Business Machines Corporation has a 52-week low of $203.51 and a 52-week high of $310.75. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.89 and a current ratio of 0.93. The company has a market capitalization of $287.69 billion, a P/E ratio of 36.82, a P/E/G ratio of 4.33 and a beta of 0.73. The company has a fifty day moving average of $266.21 and a 200-day moving average of $264.07.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the firm posted $2.30 EPS. The firm’s revenue was up 9.1% compared to the same quarter last year. 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 fiscal year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be given a $1.68 dividend. 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 presently 80.38%.

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.