Garland Capital Management Inc. Reduces Stock Holdings in International Business Machines Corporation $IBM

Garland Capital Management Inc. lowered its stake in shares of International Business Machines Corporation (NYSE:IBM) by 72.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,812 shares of the technology company’s stock after selling 15,574 shares during the quarter. International Business Machines comprises approximately 5.4% of Garland Capital Management Inc.’s holdings, making the stock its 4th largest holding. Garland Capital Management Inc.’s holdings in International Business Machines were worth $1,713,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brooklyn Investment Group increased its position in International Business Machines by 32.7% during the first quarter. Brooklyn Investment Group now owns 6,622 shares of the technology company’s stock worth $1,647,000 after acquiring an additional 1,630 shares during the period. Edgar Lomax Co. VA increased its holdings in International Business Machines by 5.7% in the 1st quarter. Edgar Lomax Co. VA now owns 235,967 shares of the technology company’s stock valued at $58,676,000 after buying an additional 12,690 shares during the period. Left Brain Wealth Management LLC increased its holdings in International Business Machines by 1,547.8% in the 1st quarter. Left Brain Wealth Management LLC now owns 17,664 shares of the technology company’s stock valued at $4,392,000 after buying an additional 16,592 shares during the period. Alpha Cubed Investments LLC increased its holdings in International Business Machines by 47.0% in the 1st quarter. Alpha Cubed Investments LLC now owns 7,507 shares of the technology company’s stock valued at $1,867,000 after buying an additional 2,399 shares during the period. Finally, Wedbush Securities Inc. increased its holdings in International Business Machines by 5.6% in the 1st quarter. Wedbush Securities Inc. now owns 62,067 shares of the technology company’s stock valued at $15,434,000 after buying an additional 3,276 shares during the period. Institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

IBM has been the topic of several analyst reports. Morgan Stanley lowered their price target on shares of International Business Machines from $256.00 to $252.00 and set an “equal weight” rating on the stock in a report on Thursday. Jefferies Financial Group boosted their price target on shares of International Business Machines from $280.00 to $305.00 and gave the company a “hold” rating in a report on Tuesday, October 21st. Sanford C. Bernstein initiated coverage on shares of International Business Machines in a report on Monday, September 15th. They issued a “market perform” rating and a $280.00 price target on the stock. Melius Research raised shares of International Business Machines to a “strong-buy” rating in a report on Monday, July 7th. Finally, Erste Group Bank lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $288.00.

International Business Machines Stock Up 8.0%

Shares of NYSE:IBM opened at $307.78 on Monday. International Business Machines Corporation has a 52 week low of $203.51 and a 52 week high of $310.75. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.89 and a current ratio of 0.93. The company’s fifty day moving average is $266.21 and its 200-day moving average is $264.07. The company has a market capitalization of $287.69 billion, a PE ratio of 36.82, a P/E/G ratio of 4.33 and a beta of 0.73.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $16.10 billion. During the same quarter in the previous year, the company earned $2.30 EPS. The firm’s revenue for the quarter 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 predict 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 declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be given a dividend of $1.68 per share. The ex-dividend date is Monday, November 10th. This represents a $6.72 annualized dividend and a yield of 2.2%. International Business Machines’s dividend payout ratio is 80.38%.

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.