Whittier Trust Co. of Nevada Inc. Sells 147 Shares of International Business Machines Corporation $IBM

Whittier Trust Co. of Nevada Inc. lessened its position in shares of International Business Machines Corporation (NYSE:IBM) by 0.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 29,006 shares of the technology company’s stock after selling 147 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in International Business Machines were worth $8,550,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of IBM. Family CFO Inc bought a new position in International Business Machines during the second quarter worth $25,000. Christopher J. Hasenberg Inc acquired a new position in shares of International Business Machines during the first quarter valued at about $27,000. SSA Swiss Advisors AG acquired a new position in shares of International Business Machines during the first quarter valued at about $28,000. Dagco Inc. acquired a new position in shares of International Business Machines during the first quarter valued at about $31,000. Finally, Silicon Valley Capital Partners raised its holdings in shares of International Business Machines by 322.6% during the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock valued at $32,000 after purchasing an additional 100 shares during the period. Institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

Shares of NYSE IBM opened at $283.64 on Tuesday. International Business Machines Corporation has a fifty-two week low of $203.51 and a fifty-two week high of $301.04. The stock has a market cap of $263.61 billion, a price-to-earnings ratio of 46.05, a PEG ratio of 4.33 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. The firm’s 50-day simple moving average is $262.02 and its 200 day simple moving average is $262.25.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.15. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The business had revenue of $16.98 billion for the quarter, compared to analysts’ expectations of $16.58 billion. During the same quarter last year, the firm earned $2.43 EPS. The firm’s revenue for the quarter 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 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were given 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 dividend payout ratio (DPR) is currently 109.09%.

Analyst Ratings Changes

Several brokerages have recently weighed in on IBM. Royal Bank Of Canada reiterated an “outperform” rating and set a $315.00 price objective on shares of International Business Machines in a report on Thursday, October 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of International Business Machines in a report on Wednesday, October 8th. Morgan Stanley upped their price objective on shares of International Business Machines from $253.00 to $256.00 and gave the company an “equal weight” rating in a report on Wednesday, October 15th. JPMorgan Chase & Co. upped their price objective on shares of International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Finally, Melius Research upgraded shares of International Business Machines to a “strong-buy” rating in a report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price 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.