Brookstone Capital Management Has $5.76 Million Stock Holdings in International Business Machines Corporation $IBM

Brookstone Capital Management raised its stake in International Business Machines Corporation (NYSE:IBM) by 31.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,776 shares of the technology company’s stock after purchasing an additional 5,645 shares during the quarter. Brookstone Capital Management’s holdings in International Business Machines were worth $5,763,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC grew its holdings in International Business Machines by 12.4% during the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock worth $4,619,000 after purchasing an additional 2,323 shares during the period. Sivia Capital Partners LLC increased its holdings in shares of International Business Machines by 10.6% in the second quarter. Sivia Capital Partners LLC now owns 1,938 shares of the technology company’s stock valued at $571,000 after purchasing an additional 186 shares during the last quarter. Jump Financial LLC bought a new position in shares of International Business Machines in the second quarter valued at about $211,000. Ieq Capital LLC lifted its stake in shares of International Business Machines by 2.2% during the 2nd quarter. Ieq Capital LLC now owns 38,617 shares of the technology company’s stock worth $11,383,000 after buying an additional 843 shares during the last quarter. Finally, Vivaldi Capital Management LP lifted its stake in shares of International Business Machines by 11.6% during the 2nd quarter. Vivaldi Capital Management LP now owns 1,017 shares of the technology company’s stock worth $300,000 after buying an additional 106 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on IBM shares. 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 target on the stock. Wolfe Research downgraded shares of International Business Machines to a “peer perform” rating in a research report on Tuesday. Needham & Company LLC began coverage on International Business Machines in a report on Wednesday, June 3rd. They set a “buy” rating for the company. Citigroup upped their target price on International Business Machines from $285.00 to $375.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Finally, Piper Sandler upgraded International Business Machines to an “overweight” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, International Business Machines currently has a consensus rating of “Moderate Buy” and an average price target of $306.94.

International Business Machines Price Performance

Shares of International Business Machines stock opened at $264.66 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 0.80 and a debt-to-equity ratio of 1.75. The stock has a market capitalization of $248.75 billion, a price-to-earnings ratio of 23.40, a price-to-earnings-growth ratio of 2.62 and a beta of 0.67. International Business Machines Corporation has a twelve month low of $212.34 and a twelve month high of $332.46. The company has a 50-day simple moving average of $252.45 and a two-hundred day simple moving average of $267.90.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.10. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. The firm had revenue of $15.92 billion for the quarter, compared to analyst estimates of $15.60 billion. During the same quarter in the prior year, the business posted $1.60 EPS. The business’s revenue was up 9.5% compared to the same quarter last year. Analysts forecast that International Business Machines Corporation will post 12.38 EPS for the current year.

International Business Machines Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were given a dividend of $1.69 per share. This is an increase from International Business Machines’s previous quarterly dividend of $1.68. This represents a $6.76 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Friday, May 8th. International Business Machines’s dividend payout ratio (DPR) is currently 59.77%.

Key International Business Machines News

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

• Positive Sentiment: JPMorgan upgraded IBM to Overweight from Neutral and raised its price target to $291 from $270, citing stronger confidence in IBM’s software acceleration and AI-related growth. IBM stock jumps after JPMorgan upgrade on AI and software growth
• Positive Sentiment: IBM has gained momentum from renewed enthusiasm around quantum computing after President Trump publicly praised IBM CEO Arvind Krishna and signed executive orders aimed at accelerating U.S. quantum development. IBM shares pop following Trump’s praise at White House quantum summit
• Positive Sentiment: IBM and OpenAI announced a partnership to bring frontier AI into enterprise cyber defense, which could expand IBM’s AI offerings and support future revenue growth. IBM partners with OpenAI on enterprise security AI
• Positive Sentiment: IBM won a five-year contract from the U.K. Department of Health, adding another government-backed business win to its recurring services pipeline. IBM Wins 5-Year Contract from U.K. Department of Health – Analyst Blog
• Neutral Sentiment: IBM also extended its syndicated credit facilities, which improves liquidity and financial flexibility but is not a direct earnings driver. IBM Extends Syndicated Credit Facilities, Enhancing Liquidity

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.