International Business Machines Corporation $IBM Shares Sold by Stolper Co

Stolper Co trimmed its position in International Business Machines Corporation (NYSE:IBM) by 5.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,007 shares of the technology company’s stock after selling 871 shares during the period. International Business Machines makes up approximately 1.6% of Stolper Co’s holdings, making the stock its 26th biggest holding. Stolper Co’s holdings in International Business Machines were worth $4,719,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of IBM. Brighton Jones LLC boosted its stake in International Business Machines by 12.4% in the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock valued at $4,619,000 after acquiring an additional 2,323 shares in the last quarter. Inspire Trust Co. N.A. lifted its stake in shares of International Business Machines by 2.9% during the fourth quarter. Inspire Trust Co. N.A. now owns 17,000 shares of the technology company’s stock worth $3,737,000 after buying an additional 475 shares during the period. Cornerstone Advisory LLC lifted its stake in shares of International Business Machines by 10.3% during the fourth quarter. Cornerstone Advisory LLC now owns 3,523 shares of the technology company’s stock worth $774,000 after buying an additional 329 shares during the period. Retirement Planning Group LLC lifted its stake in shares of International Business Machines by 25.7% during the fourth quarter. Retirement Planning Group LLC now owns 3,515 shares of the technology company’s stock worth $773,000 after buying an additional 719 shares during the period. Finally, Vise Technologies Inc. lifted its stake in shares of International Business Machines by 23.3% during the fourth quarter. Vise Technologies Inc. now owns 17,898 shares of the technology company’s stock worth $3,935,000 after buying an additional 3,380 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Trading Up 2.3%

Shares of International Business Machines stock opened at $265.09 on Friday. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. The firm has a fifty day moving average price of $255.14 and a 200 day moving average price of $257.11. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year high of $296.16. The stock has a market cap of $246.38 billion, a PE ratio of 43.03, a price-to-earnings-growth ratio of 3.99 and a beta of 0.71.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.65 by $0.15. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The firm had revenue of $16.98 billion during the quarter, compared to analysts’ expectations of $16.58 billion. During the same quarter last year, the company posted $2.43 earnings per share. The firm’s revenue was up 7.7% 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 year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were issued a $1.68 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a yield of 2.5%. International Business Machines’s payout ratio is presently 109.09%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Royal Bank Of Canada lifted their price objective on shares of International Business Machines from $285.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, July 17th. BMO Capital Markets lifted their price objective on shares of International Business Machines from $260.00 to $300.00 and gave the stock a “market perform” rating in a research note on Friday, July 18th. Melius Research upgraded shares of International Business Machines to a “strong-buy” rating in a research note on Monday, July 7th. Erste Group Bank cut shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Finally, JPMorgan Chase & Co. raised their target price on shares of International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, International Business Machines currently has a consensus rating of “Hold” and a consensus target price of $275.00.

About International Business Machines

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.