Trust Investment Advisors Cuts Position in International Business Machines Corporation $IBM

Trust Investment Advisors decreased its stake in shares of International Business Machines Corporation (NYSE:IBM) by 4.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,762 shares of the technology company’s stock after selling 529 shares during the period. International Business Machines makes up 1.9% of Trust Investment Advisors’ investment portfolio, making the stock its 8th largest holding. Trust Investment Advisors’ holdings in International Business Machines were worth $3,172,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of the stock. Howard Capital Management Inc. boosted its stake in shares of International Business Machines by 21.7% during the 2nd quarter. Howard Capital Management Inc. now owns 6,425 shares of the technology company’s stock valued at $1,894,000 after purchasing an additional 1,146 shares in the last quarter. First National Trust Co boosted its stake in shares of International Business Machines by 0.6% during the 2nd quarter. First National Trust Co now owns 52,597 shares of the technology company’s stock valued at $15,505,000 after purchasing an additional 292 shares in the last quarter. Purkiss Capital Advisors LLC bought a new stake in shares of International Business Machines during the 2nd quarter valued at about $202,000. Clark Asset Management LLC bought a new stake in shares of International Business Machines during the 2nd quarter valued at about $1,470,000. Finally, May Hill Capital LLC bought a new stake in International Business Machines during the second quarter worth about $380,000. Institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Up 1.6%

Shares of NYSE IBM opened at $312.53 on Tuesday. The firm’s 50 day moving average price is $267.68 and its 200-day moving average price is $264.61. The company has a market cap of $292.13 billion, a PE ratio of 37.38, a P/E/G ratio of 4.33 and a beta of 0.73. International Business Machines Corporation has a 52-week low of $203.51 and a 52-week high of $313.50. 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 (NYSE:IBM) last issued its earnings results 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 firm had revenue of $16.33 billion for the quarter, compared to the consensus estimate of $16.10 billion. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The business’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.30 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. On average, equities research analysts expect that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

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

Wall Street Analysts Forecast Growth

IBM has been the topic of several research reports. The Goldman Sachs Group boosted their price objective on shares of International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Melius Research raised shares of International Business Machines to a “strong-buy” rating in a research note on Monday, July 7th. Morgan Stanley dropped their price objective on shares of International Business Machines from $256.00 to $252.00 and set an “equal weight” rating on the stock in a research note on Thursday. Bank of America boosted their price objective on shares of International Business Machines from $310.00 to $315.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Finally, BMO Capital Markets boosted their price objective on shares of 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. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $288.00.

International Business Machines Company 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.