CHURCHILL MANAGEMENT Corp Sells 275 Shares of International Business Machines Corporation $IBM

CHURCHILL MANAGEMENT Corp cut its position in International Business Machines Corporation (NYSE:IBM) by 0.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,028 shares of the technology company’s stock after selling 275 shares during the quarter. CHURCHILL MANAGEMENT Corp’s holdings in International Business Machines were worth $20,348,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in IBM. EWA LLC increased its holdings in International Business Machines by 20.5% in the 2nd quarter. EWA LLC now owns 1,620 shares of the technology company’s stock worth $478,000 after acquiring an additional 276 shares during the last quarter. Pinnacle Investment Management Ltd bought a new position in International Business Machines during the second quarter worth about $133,000. Warren Street Wealth Advisors LLC increased its stake in shares of International Business Machines by 92.8% in the second quarter. Warren Street Wealth Advisors LLC now owns 1,737 shares of the technology company’s stock worth $512,000 after purchasing an additional 836 shares in the last quarter. Naples Global Advisors LLC raised its position in shares of International Business Machines by 0.9% in the second quarter. Naples Global Advisors LLC now owns 17,092 shares of the technology company’s stock valued at $5,038,000 after purchasing an additional 155 shares during the period. Finally, Foundry Financial Group Inc. purchased a new stake in shares of International Business Machines during the 2nd quarter valued at approximately $228,000. Institutional investors own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Wall Street Zen upgraded International Business Machines from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Bank of America reduced their target price on International Business Machines from $320.00 to $310.00 and set a “buy” rating for the company in a report on Thursday, July 24th. Finally, UBS Group increased their price target on shares of International Business Machines from $195.00 to $200.00 and gave the stock a “sell” rating in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $279.29.

International Business Machines Stock Performance

Shares of IBM opened at $286.46 on Thursday. International Business Machines Corporation has a 12-month low of $203.51 and a 12-month high of $296.16. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. The company has a market cap of $266.23 billion, a PE ratio of 46.50, a price-to-earnings-growth ratio of 4.34 and a beta of 0.73. The stock has a 50-day moving average price of $254.07 and a 200-day moving average price of $258.70.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, beating analysts’ consensus estimates of $2.65 by $0.15. The business had revenue of $16.98 billion for the quarter, compared to the consensus estimate of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. International Business Machines’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the firm posted $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were issued a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines’s payout ratio is currently 109.09%.

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.