International Business Machines Corporation $IBM Stock Sold by Gratus Wealth Advisors LLC

Gratus Wealth Advisors LLC decreased its stake in shares of International Business Machines Corporation (NYSE:IBM) by 48.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,458 shares of the technology company’s stock after selling 3,230 shares during the quarter. Gratus Wealth Advisors LLC’s holdings in International Business Machines were worth $761,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of IBM. BlackRock Inc. purchased a new position in International Business Machines in the second quarter worth approximately $21,586,659,000. Bank of America Corp DE purchased a new stake in shares of International Business Machines in the 2nd quarter valued at $4,214,868,000. Bank of New York Mellon Corp purchased a new stake in shares of International Business Machines in the 2nd quarter valued at $2,606,782,000. Legal & General Group Plc acquired a new position in International Business Machines during the 2nd quarter worth about $1,874,733,000. Finally, Wellington Management Group LLP lifted its stake in International Business Machines by 2,362.2% during the 2nd quarter. Wellington Management Group LLP now owns 6,549,393 shares of the technology company’s stock worth $1,841,755,000 after acquiring an additional 6,283,395 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

More International Business Machines News

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: IBM’s software segment and hybrid-cloud and enterprise AI consulting businesses remain the company’s main growth engines, supporting the case that its multiyear transformation is generating more durable cash flow. IBM Fixed Its Plumbing; Intel Became Big Tech’s Real Structural Trap
• Positive Sentiment: Quantum computing is being highlighted as a potential long-term catalyst. Progress in the technology could create a significant new growth opportunity beyond IBM’s existing cloud and consulting operations, although commercialization remains ahead. IBM Continues to Plug Along, but Its Quantum Computing Bet Could Be the Real Catalyst
• Positive Sentiment: CEO Arvind Krishna’s view that open-weight AI models deliver performance close to frontier models at substantially lower cost could encourage broader enterprise AI adoption, potentially benefiting IBM’s consulting and implementation services. IBM CEO Says Open AI Models Are 90% as Good as Frontier Models
• Neutral Sentiment: IBM is attracting increased investor attention, while analysts continue to assess its earnings outlook and competitive position relative to Salesforce and other technology companies. IBM Is Attracting Investor Attention
• Negative Sentiment: Valuation is a concern: commentary questions whether IBM is already priced above its fundamentals and whether investors are paying too much relative to rivals. That could limit near-term upside, particularly because quantum computing is a longer-term opportunity rather than an immediate earnings driver. Are You Overpaying For IBM Stock Versus Its Rivals?

International Business Machines Stock Down 0.2%

International Business Machines stock opened at $253.04 on Tuesday. The firm has a market capitalization of $239.15 billion, a P/E ratio of 20.60, a P/E/G ratio of 2.50 and a beta of 0.73. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 1.57. International Business Machines Corporation has a twelve month low of $199.19 and a twelve month high of $332.46. The stock’s fifty day simple moving average is $233.06 and its 200-day simple moving average is $251.16.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, October 21st. The technology company reported $2.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.85 by $0.10. The firm had revenue of $17.10 billion during the quarter, compared to analyst estimates of $16.82 billion. International Business Machines had a return on equity of 34.37% and a net margin of 15.99%. International Business Machines’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business posted $2.65 earnings per share. As a group, equities analysts expect that International Business Machines Corporation will post 12.41 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Tuesday, November 10th will be issued a dividend of $1.69 per share. The ex-dividend date is Tuesday, November 10th. This represents a $6.76 annualized dividend and a yield of 2.7%. International Business Machines’s dividend payout ratio is 57.63%.

Insider Transactions at International Business Machines

In other International Business Machines news, SVP Robert Thomas sold 25,000 shares of the stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $230.32, for a total value of $5,758,000.00. Following the sale, the senior vice president owned 47,800 shares of the company’s stock, valued at $11,009,296. This trade represents a 34.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.27% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently commented on IBM. Craig Hallum began coverage on International Business Machines in a report on Wednesday, August 19th. They set a “buy” rating for the company. HSBC cut their price target on shares of International Business Machines from $175.00 to $174.00 in a research note on Friday, July 24th. Argus reduced their price target on shares of International Business Machines from $360.00 to $280.00 and set a “buy” rating on the stock in a research report on Thursday, July 16th. Weiss Ratings raised shares of International Business Machines from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 14th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $270.00 price objective on shares of International Business Machines in a research note on Thursday, October 22nd. Twenty research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $266.12.

About International Business Machines

International Business Machines Corporation (NYSE:IBM), commonly known as IBM, is a global technology and consulting company that helps organizations modernize their information technology and business operations. Its offerings include hybrid cloud solutions, artificial intelligence software and services, enterprise software, IT infrastructure, cybersecurity, data analytics, and technology consulting.

IBM provides products and services to businesses, governments, and other institutions across industries and regions worldwide.