International Business Machines Corporation $IBM Shares Purchased by Callan Family Office LLC

Callan Family Office LLC grew its stake in shares of International Business Machines Corporation (NYSE:IBM) by 467.1% during the second quarter, Holdings Channel reports. The firm owned 16,918 shares of the technology company’s stock after purchasing an additional 13,935 shares during the period. Callan Family Office LLC’s holdings in International Business Machines were worth $4,987,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Blair William & Co. IL raised its holdings in International Business Machines by 3.2% during the second quarter. Blair William & Co. IL now owns 475,623 shares of the technology company’s stock worth $140,204,000 after purchasing an additional 14,771 shares in the last quarter. TFR Capital LLC. raised its holdings in International Business Machines by 5.8% during the second quarter. TFR Capital LLC. now owns 1,083 shares of the technology company’s stock worth $319,000 after purchasing an additional 59 shares in the last quarter. Mainstay Capital Management LLC ADV raised its holdings in International Business Machines by 101.7% during the second quarter. Mainstay Capital Management LLC ADV now owns 19,212 shares of the technology company’s stock worth $5,663,000 after purchasing an additional 9,688 shares in the last quarter. GFG Capital LLC acquired a new stake in International Business Machines during the second quarter worth approximately $57,000. Finally, Edge Financial Advisors LLC acquired a new stake in International Business Machines during the second quarter worth approximately $279,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Performance

NYSE:IBM opened at $278.09 on Friday. The firm’s fifty day moving average price is $258.19 and its 200 day moving average price is $260.60. International Business Machines Corporation has a 1-year low of $203.51 and a 1-year high of $301.04. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. The firm has a market cap of $258.45 billion, a price-to-earnings ratio of 45.14, a price-to-earnings-growth ratio of 4.44 and a beta of 0.73.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, beating analysts’ consensus estimates of $2.65 by $0.15. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The firm had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. During the same period last year, the firm posted $2.43 EPS. International Business Machines’s quarterly revenue was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were given a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Friday, August 8th. International Business Machines’s dividend payout ratio (DPR) is 109.09%.

Wall Street Analyst Weigh In

IBM has been the topic of a number of research analyst reports. Erste Group Bank cut shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. JPMorgan Chase & Co. lifted their target price on shares of International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Wedbush lifted their target price on shares of International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, June 20th. Stifel Nicolaus lifted their target price on shares of International Business Machines from $290.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Finally, The Goldman Sachs Group lifted their target price on shares of International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $284.62.

International Business Machines 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.