Callahan Advisors LLC Sells 254 Shares of International Business Machines Corporation $IBM

Callahan Advisors LLC cut its stake in shares of International Business Machines Corporation (NYSE:IBM) by 4.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,917 shares of the technology company’s stock after selling 254 shares during the period. Callahan Advisors LLC’s holdings in International Business Machines were worth $1,744,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Copia Wealth Management lifted its stake in International Business Machines by 57.6% during the 2nd quarter. Copia Wealth Management now owns 134 shares of the technology company’s stock valued at $40,000 after acquiring an additional 49 shares in the last quarter. Mutual Advisors LLC lifted its stake in International Business Machines by 4.7% during the 2nd quarter. Mutual Advisors LLC now owns 29,777 shares of the technology company’s stock valued at $8,778,000 after acquiring an additional 1,334 shares in the last quarter. Essex LLC lifted its stake in International Business Machines by 0.8% during the 2nd quarter. Essex LLC now owns 9,866 shares of the technology company’s stock valued at $2,908,000 after acquiring an additional 78 shares in the last quarter. Ritholtz Wealth Management lifted its stake in International Business Machines by 8.6% during the 2nd quarter. Ritholtz Wealth Management now owns 15,322 shares of the technology company’s stock valued at $4,517,000 after acquiring an additional 1,207 shares in the last quarter. Finally, Triton Wealth Management PLLC bought a new position in International Business Machines during the 2nd quarter valued at $440,000. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Trading Up 1.7%

Shares of International Business Machines stock opened at $280.97 on Thursday. International Business Machines Corporation has a 52-week low of $203.51 and a 52-week high of $301.04. The stock’s 50-day simple moving average is $259.77 and its 200 day simple moving average is $261.25. The stock has a market capitalization of $261.13 billion, a P/E ratio of 45.61, a P/E/G ratio of 4.25 and a beta of 0.73. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $16.58 billion. During the same period in the previous year, the business posted $2.43 EPS. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current 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 paid a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Friday, August 8th. International Business Machines’s payout ratio is currently 109.09%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Sanford C. Bernstein assumed coverage on International Business Machines in a research note on Monday, September 15th. They set a “market perform” rating and a $280.00 target price on the stock. UBS Group lifted their target price on International Business Machines from $195.00 to $200.00 and gave the stock a “sell” rating in a research note on Thursday, July 24th. Weiss Ratings reiterated a “hold (c+)” rating on shares of International Business Machines in a research note on Wednesday, October 8th. Wall Street Zen upgraded International Business Machines from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Finally, Stifel Nicolaus lifted their target price on International Business Machines from $290.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $286.38.

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.