Douglass Winthrop Advisors LLC Has $4.52 Million Holdings in International Business Machines Corporation $IBM

Douglass Winthrop Advisors LLC trimmed its holdings in International Business Machines Corporation (NYSE:IBM) by 0.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,195 shares of the technology company’s stock after selling 68 shares during the period. Douglass Winthrop Advisors LLC’s holdings in International Business Machines were worth $4,524,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in IBM. Vanguard Group Inc. lifted its position in shares of International Business Machines by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company’s stock valued at $23,159,637,000 after acquiring an additional 1,298,515 shares during the period. Northern Trust Corp increased its position in shares of International Business Machines by 18.6% in the fourth quarter. Northern Trust Corp now owns 10,845,993 shares of the technology company’s stock worth $2,384,275,000 after purchasing an additional 1,704,209 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in International Business Machines by 9.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,112,092 shares of the technology company’s stock valued at $1,783,281,000 after purchasing an additional 722,582 shares in the last quarter. Ameriprise Financial Inc. lifted its position in International Business Machines by 1.0% during the first quarter. Ameriprise Financial Inc. now owns 5,516,240 shares of the technology company’s stock worth $1,371,812,000 after purchasing an additional 52,317 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 in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. The Goldman Sachs Group increased 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 report on Wednesday, July 2nd. Wall Street Zen upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Royal Bank Of Canada upped their target price on International Business Machines from $285.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, July 17th. Finally, Melius Research upgraded International Business Machines to a “strong-buy” rating in a research note on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $268.75.

International Business Machines Stock Performance

Shares of International Business Machines stock opened at $241.6890 on Friday. The company’s 50 day moving average price is $269.61 and its two-hundred day moving average price is $258.01. The firm has a market capitalization of $224.63 billion, a P/E ratio of 39.24, a P/E/G ratio of 3.69 and a beta of 0.69. International Business Machines Corporation has a fifty-two week low of $194.39 and a fifty-two week high of $296.16. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87.

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

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.