Stratos Wealth Advisors LLC Sells 48,184 Shares of International Business Machines Corporation $IBM

Stratos Wealth Advisors LLC lowered its stake in shares of International Business Machines Corporation (NYSE:IBM) by 90.4% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 5,111 shares of the technology company’s stock after selling 48,184 shares during the period. Stratos Wealth Advisors LLC’s holdings in International Business Machines were worth $1,507,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Lifestyle Asset Management Inc. grew its stake in International Business Machines by 1.7% in the second quarter. Lifestyle Asset Management Inc. now owns 2,144 shares of the technology company’s stock worth $632,000 after purchasing an additional 36 shares during the period. Whelan Financial boosted its holdings in shares of International Business Machines by 2.4% during the 2nd quarter. Whelan Financial now owns 1,525 shares of the technology company’s stock valued at $450,000 after buying an additional 36 shares in the last quarter. Ignite Planners LLC grew its position in shares of International Business Machines by 0.9% in the 2nd quarter. Ignite Planners LLC now owns 3,964 shares of the technology company’s stock worth $1,133,000 after buying an additional 36 shares during the period. Blue Edge Capital LLC increased its stake in shares of International Business Machines by 0.6% in the 1st quarter. Blue Edge Capital LLC now owns 6,776 shares of the technology company’s stock worth $1,685,000 after acquiring an additional 39 shares in the last quarter. Finally, Johnson Bixby & Associates LLC lifted its position in International Business Machines by 3.3% during the 2nd quarter. Johnson Bixby & Associates LLC now owns 1,208 shares of the technology company’s stock valued at $356,000 after acquiring an additional 39 shares during the period. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

IBM has been the topic of a number of recent research reports. Weiss Ratings restated a “hold (c+)” rating on shares of International Business Machines in a report on Wednesday, October 8th. Stifel Nicolaus upped their price target 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. Morgan Stanley lifted their price objective on International Business Machines from $253.00 to $256.00 and gave the company an “equal weight” rating in a research note on Wednesday. BMO Capital Markets boosted their target price on International Business Machines from $260.00 to $300.00 and gave the stock a “market perform” rating in a report on Friday, July 18th. Finally, Wall Street Zen downgraded International Business Machines from a “buy” rating to a “hold” rating in a report on Saturday. One equities research 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $286.38.

International Business Machines Trading Up 1.8%

International Business Machines stock opened at $280.95 on Friday. International Business Machines Corporation has a one year low of $203.51 and a one year high of $301.04. The business’s fifty day moving average is $261.07 and its 200 day moving average is $261.73. The stock has a market capitalization of $261.12 billion, a PE ratio of 45.61, a price-to-earnings-growth ratio of 4.33 and a beta of 0.73. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87.

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

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were given a $1.68 dividend. 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 payout ratio is 109.09%.

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.