Smart Portfolios LLC Sells 65 Shares of International Business Machines Corporation $IBM

Smart Portfolios LLC lowered its position in shares of International Business Machines Corporation (NYSE:IBM) by 2.0% during the second quarter, HoldingsChannel reports. The fund owned 3,251 shares of the technology company’s stock after selling 65 shares during the quarter. Smart Portfolios LLC’s holdings in International Business Machines were worth $958,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Family CFO Inc acquired a new position in International Business Machines during the 2nd quarter worth about $25,000. Christopher J. Hasenberg Inc acquired a new position in International Business Machines during the 1st quarter worth about $27,000. SSA Swiss Advisors AG acquired a new position in International Business Machines during the 1st quarter worth about $28,000. Dagco Inc. acquired a new position in International Business Machines during the 1st quarter worth about $31,000. Finally, Silicon Valley Capital Partners lifted its holdings in International Business Machines by 322.6% during the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after buying an additional 100 shares during the period. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Stock Down 0.4%

IBM stock opened at $276.12 on Wednesday. The stock’s 50 day simple moving average is $259.20 and its 200 day simple moving average is $261.11. International Business Machines Corporation has a fifty-two week low of $203.51 and a fifty-two week high of $301.04. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91. The company has a market cap of $256.63 billion, a P/E ratio of 44.83, a price-to-earnings-growth ratio of 4.27 and a beta of 0.73.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $2.65 by $0.15. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The business had revenue of $16.98 billion for the quarter, compared to the consensus estimate of $16.58 billion. During the same period in the prior year, the business earned $2.43 EPS. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. On average, research analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were paid a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines’s dividend payout ratio is 109.09%.

Analyst Ratings Changes

Several research analysts have commented on the company. Erste Group Bank downgraded International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Weiss Ratings reissued a “hold (c+)” rating on shares of International Business Machines in a research note on Wednesday, October 8th. BMO Capital Markets boosted their price objective on International Business Machines from $260.00 to $300.00 and gave the company a “market perform” rating in a research note on Friday, July 18th. The Goldman Sachs Group boosted their price objective on International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Finally, Melius Research raised International Business Machines to a “strong-buy” rating in a research note on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $284.62.

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.