Ballast Advisors LLC Sells 364 Shares of International Business Machines Corporation $IBM

Ballast Advisors LLC trimmed its stake in International Business Machines Corporation (NYSE:IBM) by 15.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,984 shares of the technology company’s stock after selling 364 shares during the period. Ballast Advisors LLC’s holdings in International Business Machines were worth $585,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Family CFO Inc bought a new stake in shares of International Business Machines in the 2nd quarter valued at approximately $25,000. Christopher J. Hasenberg Inc bought a new stake in shares of International Business Machines in the 1st quarter valued at approximately $27,000. SSA Swiss Advisors AG bought a new stake in shares of International Business Machines in the 1st quarter valued at approximately $28,000. Dagco Inc. bought a new stake in shares of International Business Machines in the 1st quarter valued at approximately $31,000. Finally, Silicon Valley Capital Partners lifted its stake in shares of 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 purchasing an additional 100 shares during the last quarter. 58.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. BMO Capital Markets raised their price objective on International Business Machines from $300.00 to $305.00 and gave the company a “market perform” rating in a research note on Thursday. Erste Group Bank downgraded International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. UBS Group increased their price target on International Business Machines from $200.00 to $210.00 and gave the stock a “sell” rating in a report on Thursday. Jefferies Financial Group increased their price target on International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a report on Tuesday. Finally, The Goldman Sachs Group increased their price target on International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $288.00.

International Business Machines Trading Up 8.0%

IBM opened at $307.78 on Friday. The stock’s fifty day moving average is $266.21 and its two-hundred day moving average is $263.87. The company has a market capitalization of $286.05 billion, a P/E ratio of 36.82, a PEG ratio of 4.69 and a beta of 0.73. International Business Machines Corporation has a 52 week low of $203.51 and a 52 week high of $310.75. The company has a quick ratio of 0.87, a current ratio of 0.93 and a debt-to-equity ratio of 1.97.

International Business Machines (NYSE:IBM) last released its quarterly earnings data 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 return on equity of 37.76% and a net margin of 12.09%.International Business Machines’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the business posted $2.30 EPS. International Business Machines has set its FY 2025 guidance at EPS. Analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be issued a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.2%. The ex-dividend date is Monday, November 10th. International Business Machines’s dividend payout ratio (DPR) is presently 80.38%.

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.