Diversified Portfolios Inc. Acquires Shares of 687 International Business Machines Corporation $IBM

Diversified Portfolios Inc. bought a new position in shares of International Business Machines Corporation (NYSE:IBM) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 687 shares of the technology company’s stock, valued at approximately $203,000.

Other institutional investors have also made changes to their positions in the company. GQG Partners LLC bought a new position in International Business Machines during the first quarter worth $1,040,057,000. Nuveen LLC bought a new position in shares of International Business Machines in the first quarter valued at about $960,386,000. Vanguard Group Inc. lifted its stake in shares of International Business Machines by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 95,051,475 shares of the technology company’s stock worth $28,019,274,000 after buying an additional 1,913,708 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of International Business Machines by 41.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,164,987 shares of the technology company’s stock worth $787,007,000 after buying an additional 930,448 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in International Business Machines by 20.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company’s stock valued at $1,282,550,000 after buying an additional 889,008 shares during the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Stock Down 2.3%

IBM stock opened at $290.24 on Wednesday. The company has a market cap of $271.29 billion, a PE ratio of 34.72, a price-to-earnings-growth ratio of 4.33 and a beta of 0.71. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.97. International Business Machines Corporation has a 52 week low of $206.19 and a 52 week high of $324.90. The business has a 50-day simple moving average of $287.37 and a 200 day simple moving average of $272.51.

International Business Machines (NYSE:IBM) last released 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 firm had revenue of $16.33 billion for the quarter, compared to analyst estimates of $16.10 billion. During the same period last year, the firm earned $2.30 EPS. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be paid a dividend of $1.68 per share. The ex-dividend date is Monday, November 10th. This represents a $6.72 annualized dividend and a yield of 2.3%. International Business Machines’s dividend payout ratio is presently 80.38%.

Wall Street Analyst Weigh In

IBM has been the subject of several research reports. BMO Capital Markets raised 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 research report on Thursday, October 23rd. Morgan Stanley lowered their target price on 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. UBS Group boosted their price target on International Business Machines from $200.00 to $210.00 and gave the company a “sell” rating in a research note on Thursday, October 23rd. Royal Bank Of Canada decreased their price objective on International Business Machines from $315.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, October 23rd. Finally, Stifel Nicolaus lowered their price objective on International Business Machines from $310.00 to $295.00 and set a “buy” rating on the stock in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently 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.