Waldron Private Wealth LLC Sells 459 Shares of International Business Machines Corporation $IBM

Waldron Private Wealth LLC lessened its stake in International Business Machines Corporation (NYSE:IBM) by 7.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,777 shares of the technology company’s stock after selling 459 shares during the period. Waldron Private Wealth LLC’s holdings in International Business Machines were worth $1,703,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in IBM. Family CFO Inc bought a new stake in shares of International Business Machines in the second quarter valued at about $25,000. Christopher J. Hasenberg Inc bought a new stake in shares of International Business Machines in the first quarter valued at about $27,000. SSA Swiss Advisors AG bought a new stake in shares of International Business Machines in the first quarter valued at about $28,000. Dagco Inc. bought a new stake in shares of International Business Machines in the first quarter valued at about $31,000. Finally, Silicon Valley Capital Partners lifted its stake in shares of International Business Machines by 322.6% in the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock valued at $32,000 after buying an additional 100 shares during the period. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

NYSE:IBM opened at $307.78 on Friday. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year high of $310.75. The firm has a 50 day moving average of $266.21 and a 200-day moving average of $263.87. The company has a current ratio of 0.93, a quick ratio of 0.87 and a debt-to-equity ratio of 1.97. The stock has a market capitalization of $286.05 billion, a P/E ratio of 36.82, a price-to-earnings-growth ratio of 4.69 and a beta of 0.73.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.20. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The company had revenue of $16.33 billion during the quarter, compared to analysts’ expectations of $16.10 billion. During the same quarter in the previous year, the company posted $2.30 earnings per share. International Business Machines’s quarterly revenue was up 9.1% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be paid a $1.68 dividend. The ex-dividend date is Monday, November 10th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.2%. International Business Machines’s payout ratio is 80.38%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on IBM. Morgan Stanley reduced their target price on shares of International Business Machines from $256.00 to $252.00 and set an “equal weight” rating for the company in a research note on Thursday. Erste Group Bank cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. The Goldman Sachs Group raised their price target on shares of International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Stifel Nicolaus cut their price target on shares of International Business Machines from $310.00 to $295.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Weiss Ratings upgraded shares of International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research note on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, International Business Machines presently has an average rating of “Moderate Buy” and a consensus target price of $288.00.

International Business Machines Company Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.