Welch Group LLC Acquires 2,909 Shares of International Business Machines Corporation $IBM

Welch Group LLC lifted its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 1.0% during the first quarter, Holdings Channel.com reports. The firm owned 294,802 shares of the technology company’s stock after acquiring an additional 2,909 shares during the quarter. International Business Machines makes up 2.7% of Welch Group LLC’s investment portfolio, making the stock its 13th biggest holding. Welch Group LLC’s holdings in International Business Machines were worth $71,457,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of IBM. Vanguard Group Inc. lifted its holdings in International Business Machines by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 97,216,131 shares of the technology company’s stock worth $28,796,390,000 after buying an additional 1,439,824 shares during the period. State Street Corp increased its stake in shares of International Business Machines by 1.0% in the fourth quarter. State Street Corp now owns 54,996,293 shares of the technology company’s stock valued at $16,290,452,000 after buying an additional 518,321 shares during the period. Geode Capital Management LLC increased its stake in shares of International Business Machines by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 22,605,083 shares of the technology company’s stock valued at $6,679,105,000 after buying an additional 336,069 shares during the period. Capital World Investors raised its position in shares of International Business Machines by 29.2% during the fourth quarter. Capital World Investors now owns 22,021,912 shares of the technology company’s stock worth $6,523,720,000 after acquiring an additional 4,976,756 shares during the last quarter. Finally, Norges Bank bought a new position in shares of International Business Machines during the fourth quarter worth about $2,446,429,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about International Business Machines

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

• Positive Sentiment: IBM introduced a new “nanostack” chip architecture at the 0.7 nm node, with roughly 100 billion transistors on a fingernail-sized chip. Analysts at Wedbush said the development supports IBM’s long-term hardware ambitions as AI computing demand rises. IBM quantum foundry plan adds to long-term hardware strategy: Wedbush
• Positive Sentiment: Multiple reports said the announcement could extend Moore’s Law and improve chip performance and energy efficiency, reinforcing IBM’s relevance in next-generation AI infrastructure. IBM unveils tech for chip smaller than 1 nanometer in AI computing push
• Positive Sentiment: Investor sentiment also improved after commentary that the breakthrough positions IBM as a possible long-term winner in AI hardware, helping fuel the stock’s recent momentum. IBM Unveils Prototype for Sub-1-Nanometer AI Chip. Why It Matters.
• Neutral Sentiment: Some coverage noted the technology is still a research prototype and may not reach production for years, so the commercial impact is not immediate. IBM (IBM) Stock Surges 6% on Revolutionary Sub-Nanometer Chip Technology
• Negative Sentiment: One article argued IBM still faces skepticism from investors over execution and longer-term growth, even after the chip news, which could temper enthusiasm. 3 Reasons to Avoid IBM and 1 Stock to Buy Instead

Wall Street Analyst Weigh In

Several brokerages recently commented on IBM. JPMorgan Chase & Co. upgraded International Business Machines from a “neutral” rating to an “overweight” rating and upped their target price for the company from $270.00 to $291.00 in a report on Tuesday. Roth Mkm restated a “buy” rating on shares of International Business Machines in a report on Wednesday, June 3rd. Wolfe Research downgraded shares of International Business Machines to a “peer perform” rating in a research report on Tuesday. Barclays began coverage on shares of International Business Machines in a research note on Monday, June 1st. They issued an “overweight” rating and a $350.00 price objective on the stock. Finally, Susquehanna started coverage on shares of International Business Machines in a research report on Tuesday. They set a “neutral” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $306.94.

International Business Machines Trading Up 5.1%

NYSE IBM opened at $271.36 on Friday. The business has a 50 day simple moving average of $253.83 and a 200 day simple moving average of $267.26. International Business Machines Corporation has a one year low of $212.34 and a one year high of $332.46. The stock has a market capitalization of $255.05 billion, a P/E ratio of 23.99, a P/E/G ratio of 2.68 and a beta of 0.67. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.80 and a quick ratio of 0.76.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.10. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.The business had revenue of $15.92 billion during the quarter, compared to the consensus estimate of $15.60 billion. During the same period in the previous year, the company posted $1.60 earnings per share. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. Research analysts expect that International Business Machines Corporation will post 12.39 earnings per share for the current year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were paid a $1.69 dividend. The ex-dividend date was Friday, May 8th. This represents a $6.76 annualized dividend and a dividend yield of 2.5%. This is an increase from International Business Machines’s previous quarterly dividend of $1.68. International Business Machines’s dividend payout ratio (DPR) is presently 59.77%.

International Business Machines Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.