Allstate Corp Has $9.65 Million Stock Position in International Business Machines Corporation $IBM

Allstate Corp raised its stake in International Business Machines Corporation (NYSE:IBM) by 1,698.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,184 shares of the technology company’s stock after acquiring an additional 32,283 shares during the quarter. Allstate Corp’s holdings in International Business Machines were worth $9,645,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Norges Bank bought a new position in International Business Machines in the second quarter valued at about $2,011,122,000. Vanguard Group Inc. boosted its stake in shares of International Business Machines by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 95,051,475 shares of the technology company’s stock valued at $28,019,274,000 after purchasing an additional 1,913,708 shares during the last quarter. Laurel Wealth Advisors LLC boosted its stake in shares of International Business Machines by 27,928.2% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,903,116 shares of the technology company’s stock valued at $561,001,000 after purchasing an additional 1,896,326 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of International Business Machines during the 2nd quarter worth approximately $133,771,000. Finally, Franklin Resources Inc. raised its stake in shares of International Business Machines by 45.8% during the second quarter. Franklin Resources Inc. now owns 1,313,241 shares of the technology company’s stock worth $387,118,000 after buying an additional 412,574 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on IBM. Jefferies Financial Group raised shares of International Business Machines from a “hold” rating to a “buy” rating and lifted their target price for the stock from $300.00 to $360.00 in a report on Monday, January 5th. Bank of America lifted their price objective on International Business Machines from $315.00 to $335.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. Stifel Nicolaus increased their target price on International Business Machines from $295.00 to $325.00 and gave the company a “buy” rating in a research note on Tuesday, December 9th. Weiss Ratings upgraded International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a report on Saturday, October 25th. Finally, BMO Capital Markets increased their price target on shares of International Business Machines from $300.00 to $305.00 and gave the company a “market perform” rating in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $303.38.

Trending Headlines about International Business Machines

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

• Positive Sentiment: BofA raised its price target to $335 and kept a Buy rating, citing a robust free-cash-flow outlook driven by a higher-margin software mix — a catalyst for multiple expansion and shareholder returns. BofA lifts IBM target, sees strong cash flow despite near-term margin pressure
• Positive Sentiment: Jim Cramer publicly endorsed IBM as inexpensive relative to its growth rate and praised management’s execution — media endorsements can amplify buying interest among retail investors. Jim Cramer on International Business Machines: “It’s Inexpensive Relative to Its Growth Rate”
• Positive Sentiment: Multiple bullish write-ups (The Motley Fool) list AI momentum, progress in quantum computing and a reliable dividend as reasons to buy — these narratives support a higher valuation if execution continues. 3 Reasons to Buy IBM Stock Right Now
• Neutral Sentiment: QuiverQuant’s politician-trading update notes historical disclosures involving IBM but contains no recent insider trades tied to material corporate news — limited immediate market impact. Net Worth Update: Representative Judy Chu Made an Estimated $213.5K in the Stock Market Last Month
• Neutral Sentiment: A Motley Fool piece contrasting IonQ and UiPath is largely about quantum vs. agentic AI timelines and not directly about IBM; it’s background context for the sector but not an IBM-specific catalyst. Should You Forget IonQ and Buy These 2 Tech Stocks Instead?
• Negative Sentiment: BofA also flagged near-term margin pressure (investments and mix shifts) even as FCF is strong — a reminder that margin volatility could weigh on short-term earnings and sentiment. BofA lifts IBM target, sees strong cash flow despite near-term margin pressure

International Business Machines Trading Up 2.6%

IBM opened at $305.82 on Monday. The stock has a market capitalization of $285.86 billion, a P/E ratio of 36.58, a P/E/G ratio of 2.96 and a beta of 0.70. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 1.97. International Business Machines Corporation has a 12 month low of $214.50 and a 12 month high of $324.90. The firm’s fifty day simple moving average is $303.46 and its 200 day simple moving average is $282.40.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $0.20. The business had revenue of $16.33 billion for the quarter, compared to analyst estimates of $16.10 billion. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.30 earnings per share. As a group, research analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th were issued a $1.68 dividend. The ex-dividend date was Monday, November 10th. This represents a $6.72 annualized dividend and a dividend yield of 2.2%. International Business Machines’s dividend payout ratio (DPR) is presently 80.38%.

International Business Machines Company 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.