Prosperity Financial Group Inc. Sells 128 Shares of International Business Machines Corporation $IBM

Prosperity Financial Group Inc. lowered its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 5.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,303 shares of the technology company’s stock after selling 128 shares during the quarter. Prosperity Financial Group Inc.’s holdings in International Business Machines were worth $679,000 as of its most recent filing with the Securities & Exchange Commission.

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

International Business Machines Trading Up 2.0%

IBM stock opened at $287.57 on Thursday. The company has a market capitalization of $267.27 billion, a PE ratio of 46.68, a P/E/G ratio of 4.34 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 firm’s 50-day moving average is $263.92 and its 200 day moving average is $262.56. 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 quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.45 by $0.20. The company had revenue of $16.33 billion for the quarter, compared to the consensus estimate of $16.10 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.30 EPS. International Business Machines has set its FY 2025 guidance at EPS. On average, research analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be paid a $1.68 dividend. This represents a $6.72 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Monday, November 10th. International Business Machines’s dividend payout ratio (DPR) is currently 109.09%.

Analyst Upgrades and Downgrades

IBM has been the subject of several analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of International Business Machines in a report on Wednesday, October 8th. Bank of America raised their target price on shares of International Business Machines from $310.00 to $315.00 and gave the stock a “buy” rating in a report on Thursday. Jefferies Financial Group raised their target price on shares of International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a report on Tuesday. Wall Street Zen lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $315.00 target price on shares of International Business Machines in a report on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $289.46.

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.