International Business Machines Corporation $IBM Shares Sold by Cobblestone Capital Advisors LLC NY

Cobblestone Capital Advisors LLC NY decreased its stake in shares of International Business Machines Corporation (NYSE:IBM) by 16.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,658 shares of the technology company’s stock after selling 931 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in International Business Machines were worth $1,373,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of IBM. GQG Partners LLC purchased a new stake in International Business Machines during the first quarter worth approximately $1,040,057,000. Nuveen LLC purchased a new stake in International Business Machines during the first quarter worth approximately $960,386,000. Vanguard Group Inc. grew its stake in International Business Machines by 1.4% during the first quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company’s stock worth $23,159,637,000 after buying an additional 1,298,515 shares during the period. Price T Rowe Associates Inc. MD grew its stake in International Business Machines by 41.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,164,987 shares of the technology company’s stock worth $787,007,000 after buying an additional 930,448 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in International Business Machines by 20.8% during the first quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company’s stock worth $1,282,550,000 after buying an additional 889,008 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Price Performance

Shares of IBM stock opened at $307.78 on Monday. International Business Machines Corporation has a twelve month low of $203.51 and a twelve month high of $310.75. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 1.97. The company has a market capitalization of $287.69 billion, a PE ratio of 36.82, a price-to-earnings-growth ratio of 4.33 and a beta of 0.73. The firm has a fifty day simple moving average of $266.21 and a 200-day simple moving average of $264.07.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 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 firm had revenue of $16.33 billion for the quarter, compared to the consensus estimate of $16.10 billion. During the same period in the prior year, the firm posted $2.30 EPS. The firm’s revenue was up 9.1% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. Equities research analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

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

Analyst Ratings Changes

Several research firms have issued reports on IBM. Morgan Stanley decreased their price objective 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. Bank of America boosted their price objective on shares of International Business Machines from $310.00 to $315.00 and gave the stock a “buy” rating in a research note on Thursday. UBS Group upped their target price on shares of International Business Machines from $200.00 to $210.00 and gave the company a “sell” rating in a research note on Thursday. Wall Street Zen upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, Royal Bank Of Canada decreased their target price on shares of International Business Machines from $315.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, International Business Machines presently has an average rating of “Moderate Buy” and a consensus price target of $288.00.

International Business Machines 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.