International Business Machines Corporation $IBM Shares Sold by Heritage Investors Management Corp

Heritage Investors Management Corp cut its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 3.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,741 shares of the technology company’s stock after selling 1,788 shares during the quarter. Heritage Investors Management Corp’s holdings in International Business Machines were worth $14,368,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Brooklyn Investment Group raised its holdings in shares of 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 purchasing an additional 1,630 shares during the period. Edgar Lomax Co. VA raised its holdings in shares of International Business Machines by 5.7% during the first quarter. Edgar Lomax Co. VA now owns 235,967 shares of the technology company’s stock worth $58,676,000 after purchasing an additional 12,690 shares during the period. Left Brain Wealth Management LLC raised its holdings in shares of International Business Machines by 1,547.8% during the first quarter. Left Brain Wealth Management LLC now owns 17,664 shares of the technology company’s stock worth $4,392,000 after purchasing an additional 16,592 shares during the period. Alpha Cubed Investments LLC raised its holdings in shares of International Business Machines by 47.0% during the first quarter. Alpha Cubed Investments LLC now owns 7,507 shares of the technology company’s stock worth $1,867,000 after purchasing an additional 2,399 shares during the period. Finally, Wedbush Securities Inc. grew its stake in International Business Machines by 5.6% during the 1st quarter. Wedbush Securities Inc. now owns 62,067 shares of the technology company’s stock worth $15,434,000 after buying an additional 3,276 shares during the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Trading Down 1.4%

Shares of IBM stock opened at $308.17 on Thursday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.89 and a current ratio of 0.93. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year high of $319.35. The stock has a fifty day moving average of $270.43 and a two-hundred day moving average of $265.70. The firm has a market capitalization of $288.05 billion, a PE ratio of 36.86, a price-to-earnings-growth ratio of 4.39 and a beta of 0.73.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.20. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The company had revenue of $16.33 billion during the quarter, compared to analyst estimates of $16.10 billion. During the same quarter in the previous year, the firm posted $2.30 EPS. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. As a group, research analysts expect that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on IBM shares. BMO Capital Markets upped their price objective on International Business Machines from $300.00 to $305.00 and gave the stock a “market perform” rating in a research note on Thursday, October 23rd. Stifel Nicolaus lowered their price objective on International Business Machines from $310.00 to $295.00 and set a “buy” rating for the company in a research note on Thursday, October 23rd. Weiss Ratings upgraded International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research note on Saturday, October 25th. Sanford C. Bernstein started coverage on International Business Machines in a research note on Monday, September 15th. They set a “market perform” rating and a $280.00 price objective for the company. Finally, Morgan Stanley lowered their price objective on International Business Machines from $256.00 to $252.00 and set an “equal weight” rating for the company in a research note on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus 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.