International Business Machines Corporation $IBM Shares Sold by Chilton Capital Management LLC

Chilton Capital Management LLC cut its stake in shares of International Business Machines Corporation (NYSE:IBM) by 2.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 12,875 shares of the technology company’s stock after selling 341 shares during the quarter. Chilton Capital Management LLC’s holdings in International Business Machines were worth $3,795,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Family CFO Inc purchased a new stake in International Business Machines during the second quarter valued at about $25,000. Christopher J. Hasenberg Inc purchased a new stake in shares of International Business Machines in the 1st quarter valued at approximately $27,000. SSA Swiss Advisors AG acquired a new position in International Business Machines in the 1st quarter worth approximately $28,000. Highline Wealth Partners LLC raised its stake in International Business Machines by 85.0% during the 2nd quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock valued at $33,000 after purchasing an additional 51 shares during the period. Finally, Dagco Inc. acquired a new stake in shares of International Business Machines in the first quarter worth $31,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on IBM. Stifel Nicolaus reduced their price objective on International Business Machines from $310.00 to $295.00 and set a “buy” rating for the company in a research note on Thursday. Bank of America boosted their price objective on shares of International Business Machines from $310.00 to $315.00 and gave the company a “buy” rating in a research report on Thursday. Morgan Stanley decreased their target price on shares of International Business Machines from $256.00 to $252.00 and set an “equal weight” rating for the company in a research note on Thursday. Wall Street Zen upgraded International Business Machines from a “hold” rating to a “buy” rating in a report on Sunday. Finally, Sanford C. Bernstein initiated coverage on International Business Machines in a research note on Monday, September 15th. They issued a “market perform” rating and a $280.00 target price on the stock. One 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $288.00.

International Business Machines Stock Performance

Shares of NYSE IBM opened at $307.78 on Friday. The firm has a market cap of $286.05 billion, a price-to-earnings ratio of 36.82, a P/E/G ratio of 4.69 and a beta of 0.73. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.87 and a current ratio of 0.93. The business’s 50-day simple moving average is $266.21 and its 200-day simple moving average is $263.87. International Business Machines Corporation has a 52 week low of $203.51 and a 52 week high of $310.75.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.45 by $0.20. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The business had revenue of $16.33 billion during the quarter, compared to analysts’ expectations of $16.10 billion. During the same period in the previous year, the company earned $2.30 earnings per share. International Business Machines’s revenue for the quarter was up 9.1% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be paid a $1.68 dividend. The ex-dividend date is Monday, November 10th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.2%. International Business Machines’s payout ratio 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.