International Business Machines Corporation $IBM Stock Holdings Reduced by WealthTrust Axiom LLC

WealthTrust Axiom LLC lowered its position in International Business Machines Corporation (NYSE:IBM) by 12.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,424 shares of the technology company’s stock after selling 5,933 shares during the period. International Business Machines makes up about 3.8% of WealthTrust Axiom LLC’s investment portfolio, making the stock its 4th biggest position. WealthTrust Axiom LLC’s holdings in International Business Machines were worth $12,801,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its stake in International Business Machines by 12.4% in the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock valued at $4,619,000 after buying an additional 2,323 shares in the last quarter. Strategies Wealth Advisors LLC purchased a new stake in shares of International Business Machines during the first quarter worth about $398,000. Meeder Asset Management Inc. grew its stake in International Business Machines by 22.0% in the 1st quarter. Meeder Asset Management Inc. now owns 455 shares of the technology company’s stock worth $113,000 after acquiring an additional 82 shares during the period. Modera Wealth Management LLC grew its position in shares of International Business Machines by 1.3% in the first quarter. Modera Wealth Management LLC now owns 21,540 shares of the technology company’s stock valued at $5,356,000 after purchasing an additional 278 shares during the period. Finally, Private Advisory Group LLC grew its holdings in International Business Machines by 24.4% in the 1st quarter. Private Advisory Group LLC now owns 1,250 shares of the technology company’s stock valued at $311,000 after buying an additional 245 shares during the period. 58.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

IBM has been the subject of several research reports. Sanford C. Bernstein initiated coverage on shares of 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. Stifel Nicolaus lowered their price target on International Business Machines from $310.00 to $295.00 and set a “buy” rating for the company in a research report on Thursday, October 23rd. Morgan Stanley reduced their price objective on International Business Machines from $256.00 to $252.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 23rd. Jefferies Financial Group increased their target price on shares of International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a research report on Tuesday, October 21st. Finally, Wall Street Zen raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Sunday, October 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $291.08.

International Business Machines Stock Performance

Shares of IBM stock opened at $303.66 on Friday. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89. The company’s fifty day moving average price is $293.12 and its two-hundred day moving average price is $274.54. The firm has a market capitalization of $283.84 billion, a P/E ratio of 36.32, a P/E/G ratio of 4.33 and a beta of 0.71. International Business Machines Corporation has a 12 month low of $214.50 and a 12 month high of $324.90.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.20. The company had revenue of $16.33 billion for the quarter, compared to the consensus estimate of $16.10 billion. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.International Business Machines’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.30 EPS. International Business Machines has set its FY 2025 guidance at EPS. On average, research analysts anticipate 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 announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be paid a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Monday, November 10th. International Business Machines’s dividend payout ratio is 80.38%.

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.