28,940 International Business Machines Corporation $IBM Shares Sold by Lockheed Martin Investment Management Co.

Lockheed Martin Investment Management Co. reduced its position in shares of International Business Machines Corporation (NYSE:IBM) by 66.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,780 shares of the technology company’s stock after selling 28,940 shares during the quarter. Lockheed Martin Investment Management Co.’s holdings in International Business Machines were worth $3,251,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of IBM. Friday Financial grew its holdings in shares of International Business Machines by 1.9% during the second quarter. Friday Financial now owns 1,903 shares of the technology company’s stock valued at $583,000 after buying an additional 35 shares during the last quarter. Trinity Wealth Management LLC increased its position in shares of International Business Machines by 2.3% during the second quarter. Trinity Wealth Management LLC now owns 1,695 shares of the technology company’s stock valued at $477,000 after acquiring an additional 38 shares in the last quarter. Pettinga Financial Advisors LLC raised its holdings in International Business Machines by 3.6% in the 2nd quarter. Pettinga Financial Advisors LLC now owns 1,090 shares of the technology company’s stock worth $307,000 after acquiring an additional 38 shares during the last quarter. HHM Wealth Advisors LLC raised its holdings in International Business Machines by 4.6% in the 2nd quarter. HHM Wealth Advisors LLC now owns 928 shares of the technology company’s stock worth $261,000 after acquiring an additional 41 shares during the last quarter. Finally, CKW Financial Group lifted its position in International Business Machines by 2.1% in the 3rd quarter. CKW Financial Group now owns 2,024 shares of the technology company’s stock valued at $457,000 after acquiring an additional 41 shares in the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on IBM. Morgan Stanley increased their target price on International Business Machines from $238.00 to $240.00 and gave the company an “equal weight” rating in a research note on Thursday, October 22nd. Stifel Nicolaus lifted their target price on International Business Machines from $235.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, October 22nd. Jefferies Financial Group boosted their price target on International Business Machines from $270.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, October 22nd. Argus lowered their price target on International Business Machines from $360.00 to $280.00 and set a “buy” rating on the stock in a report on Thursday, July 16th. Finally, Bank of America dropped their price objective on International Business Machines from $330.00 to $280.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. Nineteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $266.88.

International Business Machines Stock Performance

Shares of IBM stock opened at $246.32 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 1.57. The company has a 50 day moving average price of $236.97 and a 200-day moving average price of $248.39. International Business Machines Corporation has a 52 week low of $199.19 and a 52 week high of $332.46. The firm has a market capitalization of $232.80 billion, a PE ratio of 21.00, a P/E/G ratio of 2.50 and a beta of 0.78.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, October 21st. The technology company reported $2.95 earnings per share for the quarter, beating analysts’ consensus estimates of $2.85 by $0.10. International Business Machines had a net margin of 15.99% and a return on equity of 34.37%. The company had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $16.82 billion. During the same quarter in the prior year, the firm earned $2.65 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, equities research analysts expect that International Business Machines Corporation will post 12.41 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Tuesday, November 10th will be paid a dividend of $1.69 per share. The ex-dividend date is Tuesday, November 10th. This represents a $6.76 dividend on an annualized basis and a yield of 2.7%. International Business Machines’s payout ratio is currently 57.63%.

Insiders Place Their Bets

In other news, SVP Robert Thomas sold 25,000 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $230.32, for a total transaction of $5,758,000.00. Following the transaction, the senior vice president directly owned 47,800 shares of the company’s stock, valued at $11,009,296. This represents a 34.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.27% of the company’s stock.

More International Business Machines News

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

• Positive Sentiment: IBM deployed its first quantum computer in Illinois, at the Illinois Quantum and Microelectronics Park. The installation builds research and industry partnerships and is part of a state initiative expected to create 750 technology jobs. It strengthens IBM’s quantum-computing presence, though commercial returns may take time. Can IBM’s Latest Quantum System Boost Illinois’ Innovation Future?
• Positive Sentiment: IBM-owned Apptio added connections and cost-management tools to help businesses track AI usage and spending, forecast budgets, and assess investments against business results. The update could help IBM capture demand as enterprises seek to manage the cost of adopting AI. Apptio Expands Portfolio to Help Enterprises Connect AI Spending to Business Value
• Positive Sentiment: Quantum X Labs said its AI-powered error-correction program is running on three IBM quantum processors and showed up to 20% fewer logical decoding failures. This offers a potential third-party validation of IBM hardware, although the announcement comes from Quantum X Labs rather than IBM. Quantum X Labs Expands AI-Powered Quantum Error Correction Program
• Neutral Sentiment: A Seeking Alpha analysis sees IBM’s enterprise AI portfolio and software growth as strengths, but rates the shares Hold, citing competition and a valuation it considers fair. That view suggests limited near-term upside based on its $249 price target. IBM: A Full Enterprise AI Stack, But Rivals Keep It A Hold
• Negative Sentiment: The European Union is suing IBM and partners Atos and Leonardo over repeated delays in developing the bloc’s Entry/Exit border system. The case raises potential legal costs and could weigh on IBM’s reputation and government-contract execution; the reports do not specify the financial exposure. EU sues IBM and partners over troubled border system

International Business Machines Company Profile

International Business Machines Corporation (IBM) is a global technology company that provides software, consulting, infrastructure and related services to businesses and public-sector organizations. Its offerings include hybrid cloud and artificial intelligence solutions, enterprise software, IT consulting, and systems such as IBM Z mainframes and Power servers.

IBM also develops technologies in areas including data management, automation, cybersecurity and quantum computing. Its consulting teams help clients design, build and manage technology systems and business processes.

The company traces its roots to the Computing-Tabulating-Recording Company, formed in 1911, and adopted the name International Business Machines in 1924.