Global Wealth Management Investment Advisory Inc. Purchases 9,701 Shares of International Business Machines Corporation $IBM

Global Wealth Management Investment Advisory Inc. boosted its holdings in International Business Machines Corporation (NYSE:IBM) by 47.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,339 shares of the technology company’s stock after acquiring an additional 9,701 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in International Business Machines were worth $6,672,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in IBM. Welch & Forbes LLC boosted its holdings in shares of International Business Machines by 3.7% during the 3rd quarter. Welch & Forbes LLC now owns 72,271 shares of the technology company’s stock valued at $15,895,000 after acquiring an additional 2,605 shares during the last quarter. United Capital Management of KS Inc. raised its holdings in shares of International Business Machines by 4.2% during the third quarter. United Capital Management of KS Inc. now owns 68,223 shares of the technology company’s stock valued at $15,004,000 after purchasing an additional 2,743 shares during the last quarter. Montis Financial LLC raised its holdings in shares of International Business Machines by 1.9% during the third quarter. Montis Financial LLC now owns 3,942 shares of the technology company’s stock valued at $867,000 after purchasing an additional 73 shares during the last quarter. Creekside Partners raised its holdings in shares of International Business Machines by 54.3% during the third quarter. Creekside Partners now owns 5,269 shares of the technology company’s stock valued at $1,159,000 after purchasing an additional 1,855 shares during the last quarter. Finally, Vestor Capital LLC lifted its position in International Business Machines by 410.2% during the third quarter. Vestor Capital LLC now owns 69,714 shares of the technology company’s stock valued at $15,332,000 after purchasing an additional 56,050 shares during the period. 58.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group restated a “buy” rating and issued a $300.00 target price on shares of International Business Machines in a report on Thursday, October 22nd. Weiss Ratings lowered shares of International Business Machines from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, October 29th. Citic Securities boosted their target price on shares of International Business Machines from $294.00 to $297.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Barclays increased their price target on International Business Machines from $262.00 to $277.00 and gave the company an “overweight” rating in a report on Thursday, October 22nd. Finally, Craig Hallum initiated coverage on International Business Machines in a research note on Wednesday, August 19th. They issued a “buy” rating on the stock. Nineteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $266.88.

International Business Machines Price Performance

NYSE IBM opened at $246.32 on Tuesday. The company has a 50-day moving average price of $236.97 and a 200-day moving average price of $248.39. International Business Machines Corporation has a 52 week low of $199.19 and a 52 week high of $332.46. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 1.57. The firm has a market capitalization of $232.80 billion, a P/E ratio of 20.66, a PEG ratio of 2.50 and a beta of 0.78.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, October 21st. The technology company reported $2.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.85 by $0.10. The company had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $16.82 billion. International Business Machines had a net margin of 15.99% and a return on equity of 34.37%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.65 earnings per share. Equities research analysts anticipate that International Business Machines Corporation will post 12.41 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Tuesday, November 10th will be given a $1.69 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $6.76 annualized dividend and a yield of 2.7%. International Business Machines’s dividend payout ratio (DPR) is presently 57.63%.

More International Business Machines News

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: IBM deployed its first quantum computer in Illinois, at the Illinois Quantum and Microelectronics Park. The installation builds research and industry partnerships and is part of a state initiative expected to create 750 technology jobs. It strengthens IBM’s quantum-computing presence, though commercial returns may take time. Can IBM’s Latest Quantum System Boost Illinois’ Innovation Future?
• Positive Sentiment: IBM-owned Apptio added connections and cost-management tools to help businesses track AI usage and spending, forecast budgets, and assess investments against business results. The update could help IBM capture demand as enterprises seek to manage the cost of adopting AI. Apptio Expands Portfolio to Help Enterprises Connect AI Spending to Business Value
• Positive Sentiment: Quantum X Labs said its AI-powered error-correction program is running on three IBM quantum processors and showed up to 20% fewer logical decoding failures. This offers a potential third-party validation of IBM hardware, although the announcement comes from Quantum X Labs rather than IBM. Quantum X Labs Expands AI-Powered Quantum Error Correction Program
• Neutral Sentiment: A Seeking Alpha analysis sees IBM’s enterprise AI portfolio and software growth as strengths, but rates the shares Hold, citing competition and a valuation it considers fair. That view suggests limited near-term upside based on its $249 price target. IBM: A Full Enterprise AI Stack, But Rivals Keep It A Hold
• Negative Sentiment: The European Union is suing IBM and partners Atos and Leonardo over repeated delays in developing the bloc’s Entry/Exit border system. The case raises potential legal costs and could weigh on IBM’s reputation and government-contract execution; the reports do not specify the financial exposure. EU sues IBM and partners over troubled border system

Insider Buying and Selling at International Business Machines

In other news, SVP Robert Thomas sold 25,000 shares of International Business Machines stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $230.32, for a total transaction of $5,758,000.00. Following the transaction, the senior vice president owned 47,800 shares in the company, valued at $11,009,296. This trade represents a 34.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.27% of the stock is owned by corporate insiders.

International Business Machines Company Profile

International Business Machines Corporation (IBM) is a global technology company that provides software, consulting, infrastructure and related services to businesses and public-sector organizations. Its offerings include hybrid cloud and artificial intelligence solutions, enterprise software, IT consulting, and systems such as IBM Z mainframes and Power servers.

IBM also develops technologies in areas including data management, automation, cybersecurity and quantum computing. Its consulting teams help clients design, build and manage technology systems and business processes.

The company traces its roots to the Computing-Tabulating-Recording Company, formed in 1911, and adopted the name International Business Machines in 1924.