Beacon Capital Management LLC Sells 253 Shares of International Business Machines Corporation $IBM

Beacon Capital Management LLC cut its position in International Business Machines Corporation (NYSE:IBM) by 10.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,248 shares of the technology company’s stock after selling 253 shares during the quarter. Beacon Capital Management LLC’s holdings in International Business Machines were worth $663,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in IBM. GQG Partners LLC bought a new stake in International Business Machines in the 1st quarter valued at $1,040,057,000. Nuveen LLC acquired a new position in International Business Machines in the 1st quarter valued at $960,386,000. Vanguard Group Inc. raised its holdings in International Business Machines by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company’s stock valued at $23,159,637,000 after acquiring an additional 1,298,515 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in International Business Machines by 41.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,164,987 shares of the technology company’s stock valued at $787,007,000 after acquiring an additional 930,448 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in International Business Machines by 20.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company’s stock valued at $1,282,550,000 after acquiring an additional 889,008 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. BMO Capital Markets lifted their price objective on International Business Machines from $260.00 to $300.00 and gave the company a “market perform” rating in a report on Friday, July 18th. Stifel Nicolaus lifted their price objective on International Business Machines from $290.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Bank of America lowered their price target on International Business Machines from $320.00 to $310.00 and set a “buy” rating for the company in a report on Thursday, July 24th. Wedbush boosted their price target on International Business Machines from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, June 20th. Finally, The Goldman Sachs Group boosted their price target on International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. One investment 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $275.00.

International Business Machines Trading Up 1.2%

Shares of IBM stock opened at $284.72 on Monday. The firm has a market capitalization of $264.62 billion, a P/E ratio of 46.22, a P/E/G ratio of 4.38 and a beta of 0.71. International Business Machines Corporation has a twelve month low of $203.51 and a twelve month high of $296.16. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. The stock’s fifty day simple moving average is $254.07 and its 200 day simple moving average is $258.11.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data 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. The business had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.International Business Machines’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

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

International Business Machines 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.