West Tower Group LLC Sells 200 Shares of International Business Machines Corporation $IBM

West Tower Group LLC decreased its position in International Business Machines Corporation (NYSE:IBM) by 20.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 800 shares of the technology company’s stock after selling 200 shares during the quarter. West Tower Group LLC’s holdings in International Business Machines were worth $236,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on IBM. Melius Research upgraded International Business Machines to a “strong-buy” rating in a report on Monday, July 7th. Royal Bank Of Canada restated an “outperform” rating and issued a $315.00 price target on shares of International Business Machines in a research note on Thursday. Sanford C. Bernstein began coverage on International Business Machines in a research report on Monday, September 15th. They set a “market perform” rating and a $280.00 price target on the stock. UBS Group increased their price objective on International Business Machines from $195.00 to $200.00 and gave the company a “sell” rating in a report on Thursday, July 24th. Finally, The Goldman Sachs Group boosted their target price on shares of 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 assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $286.38.

International Business Machines Stock Performance

Shares of NYSE IBM opened at $280.95 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. The company has a market capitalization of $261.12 billion, a P/E ratio of 45.61, a P/E/G ratio of 4.33 and a beta of 0.73. International Business Machines Corporation has a 12 month low of $203.51 and a 12 month high of $301.04. The stock has a 50 day moving average of $261.07 and a 200-day moving average of $261.86.

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, 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 quarter 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. As a group, equities research analysts predict that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

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