International Business Machines Corporation $IBM Shares Sold by 180 Wealth Advisors LLC

180 Wealth Advisors LLC lessened its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 5.1% during the second quarter, HoldingsChannel reports. The fund owned 14,778 shares of the technology company’s stock after selling 801 shares during the period. 180 Wealth Advisors LLC’s holdings in International Business Machines were worth $4,356,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC grew its holdings in International Business Machines by 12.4% in the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock valued at $4,619,000 after purchasing an additional 2,323 shares during the last quarter. GAMMA Investing LLC grew its holdings in International Business Machines by 19.3% in the first quarter. GAMMA Investing LLC now owns 17,694 shares of the technology company’s stock valued at $4,400,000 after purchasing an additional 2,862 shares during the last quarter. Moran Wealth Management LLC grew its holdings in International Business Machines by 2.9% in the first quarter. Moran Wealth Management LLC now owns 19,501 shares of the technology company’s stock valued at $4,849,000 after purchasing an additional 550 shares during the last quarter. Spire Wealth Management grew its holdings in International Business Machines by 2.1% in the first quarter. Spire Wealth Management now owns 12,756 shares of the technology company’s stock valued at $3,172,000 after purchasing an additional 263 shares during the last quarter. Finally, Golden State Wealth Management LLC grew its holdings in International Business Machines by 134.6% in the first quarter. Golden State Wealth Management LLC now owns 3,946 shares of the technology company’s stock valued at $982,000 after purchasing an additional 2,264 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Ratings Changes

IBM has been the topic of several recent research reports. The Goldman Sachs Group upped their price objective on International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Sanford C. Bernstein initiated coverage on International Business Machines in a research report on Monday, September 15th. They issued a “market perform” rating and a $280.00 price objective on the stock. Bank of America upped their price objective on International Business Machines from $310.00 to $315.00 and gave the company a “buy” rating in a research report on Thursday. Royal Bank Of Canada reduced their price objective on International Business Machines from $315.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, UBS Group upped their price objective on International Business Machines from $200.00 to $210.00 and gave the company a “sell” rating in a research report on Thursday. 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 assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $288.00.

International Business Machines Stock Performance

NYSE IBM opened at $283.91 on Friday. The business’s 50-day moving average price is $264.85 and its 200 day moving average price is $262.96. International Business Machines Corporation has a twelve month low of $203.51 and a twelve month high of $301.04. The company has a market capitalization of $263.86 billion, a PE ratio of 33.96, a price-to-earnings-growth ratio of 4.42 and a beta of 0.73. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.20. International Business Machines had a return on equity of 37.99% and a net margin of 12.09%.The firm had revenue of $16.33 billion for the quarter, compared to the consensus estimate of $16.10 billion. During the same period in the prior year, the business posted $2.30 earnings per share. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. On average, research analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be paid a dividend of $1.68 per share. The ex-dividend date is Monday, November 10th. This represents a $6.72 annualized dividend and a yield of 2.4%. International Business Machines’s dividend payout ratio is currently 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.