Brookstone Capital Management has increased its stake in International Business Machines Co. by 1.6% in the first quarter, according to the latest SEC filing. The fund now owns 18,187 shares of IBM, worth $3,473,000. Various other hedge funds and institutional investors have also adjusted their holdings of IBM recently. Analysts have weighed in on IBM, with differing opinions on the stock. IBM’s international trade in commercial machines has fallen by 0.6%.
On Wall Street, IBM shares opened at $170.88. The company’s market cap is $156.97 billion, with a price-earnings ratio of 19.35. The stock has a high of $199.18 and a low of $130.91 in the last fifty-two weeks. IBM reported earnings per share of $1.68 for the last quarter, beating estimates. The company’s revenue was $14.46 billion. IBM increased its quarterly dividend and paid shareholders on June 10.
International Business Machines Corporation provides solutions and services globally through various segments. The company operates in Software, Consulting, Infrastructure, and Finance segments. IBM offers hybrid cloud and AI platforms to assist customers in their digital and AI transformations.
Overall, IBM’s stock has received mixed ratings from analysts, with an average rating of “Hold” and an average price target of $182.53. The company’s dividend yield is 3.91%, with a quarterly dividend of $1.67. Investors and analysts are closely monitoring IBM’s performance in the market.
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https://www.defenseworld.net/2024/06/28/brookstone-capital-management-has-3-47-million-stake-in-international-business-machines-co-nyseibm.html