International Business Machines Corporation

New York Stock Exchange
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Somewhat Bullish +45

International Business Machines Corporation $IBM Shares Purchased by ...

📈 Hoey Investments Inc. raised its position in IBM by 377.7% in Q1, adding 7,275 shares to a total holding of 9,201 shares.

🏦 Brighton Jones LLC increased its stake by 12.4% in Q4, now owning 21,011 shares valued at $4.619 million.

💰 IBM paid a quarterly dividend of $1.69 per share on June 10th, representing a yield of 2.2% and an annualized payout of $6.76.

📊 The company trades with a market cap of $284.21 billion and a P/E ratio of 26.87 as of the latest trading session.

🔼 JPMorgan Chase upgraded IBM to an overweight rating and raised its price target from $270.00 to $291.00.

📉 Wedbush set a bullish price target of $350.00 for IBM shares in a recent research report.

🔽 Wolfe Research downgraded the stock to a peer perform rating, adding to mixed analyst sentiment.

📈 Institutional ownership stands at 58.96%, indicating strong interest from major investment firms.

📉 The stock has a 50-day moving average of $256.99 and a 200-day moving average of $266.06.

Bullish Signals
  • Hoey Investments Inc. dramatically increased its stake by 377.7% in Q1, signaling strong institutional confidence in the company's long-term prospects.
  • JPMorgan Chase upgraded IBM to an overweight rating and raised its price target to $291.00, reflecting improved analyst outlook.
  • Wedbush set a high price target of $350.00, suggesting significant upside potential from current levels.
  • Jefferies Financial Group initiated coverage with a buy rating, validating the company's strategic direction in cloud and consulting services.
  • Piper Sandler upgraded IBM to an overweight rating, reinforcing positive momentum among major Wall Street analysts.
  • IBM increased its quarterly dividend to $1.69 per share, demonstrating commitment to returning value to shareholders.
Risk Factors
  • Wolfe Research downgraded IBM to a peer perform rating, indicating some analysts view the stock as fairly valued rather than undervalued.
  • The stock trades below its 52-week high of $332.46 and above its 50-day moving average of $256.99, suggesting recent volatility or consolidation.
Full Analysis
Hoey Investments Inc. significantly increased its stake in IBM by 377.7% during the first quarter, purchasing an additional 7,275 shares to hold a total of 9,201 shares valued at $2.23 million. While this represents Hoey's 22nd largest holding, other institutional investors also adjusted their positions, with Brighton Jones LLC raising its stake by 12.4% and Ieq Capital LLC increasing its holdings by 2.2%. Collectively, institutional and hedge funds own approximately 58.96% of the company's outstanding stock. IBM shares opened at $302.39 on Tuesday, trading within a 52-week range between $212.34 and $332.46. Key financial metrics include a market capitalization of $284.21 billion, a P/E ratio of 26.87, and a dividend yield of 2.2% following a quarterly payout of $1.69 per share. The company maintains a quick ratio of 0.76 and a debt-to-equity ratio of 1.75, reflecting its current financial leverage and liquidity position. Analyst sentiment remains mixed but generally positive, with recent upgrades from JPMorgan Chase to an overweight rating and a price target increase to $291.00. Wedbush set a $350.00 price target, while Jefferies initiated coverage with a buy rating and Piper Sandler upgraded the stock to overweight. Conversely, Wolfe Research downgraded IBM to a peer perform rating, resulting in an average consensus target price of $306.47 based on ratings from sixteen analysts.