Linscomb Wealth Inc. Has $2.17 Million Stock Position in International Business Machines Corporation $IBM

Linscomb Wealth Inc. reduced its stake in International Business Machines Corporation (NYSE:IBM) by 7.2% during the second quarter, Holdings Channel.com reports. The fund owned 7,353 shares of the technology company’s stock after selling 568 shares during the period. Linscomb Wealth Inc.’s holdings in International Business Machines were worth $2,167,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IBM. Family CFO Inc acquired a new position in shares of International Business Machines in the second quarter worth approximately $25,000. Christopher J. Hasenberg Inc acquired a new position in shares of International Business Machines in the first quarter worth approximately $27,000. SSA Swiss Advisors AG acquired a new position in shares of International Business Machines in the first quarter worth approximately $28,000. Dagco Inc. acquired a new position in shares of International Business Machines in the first quarter worth approximately $31,000. Finally, Silicon Valley Capital Partners lifted its stake in shares of International Business Machines by 322.6% in the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after acquiring an additional 100 shares during the period. 58.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on IBM. Royal Bank Of Canada cut their price objective on International Business Machines from $315.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, October 23rd. Weiss Ratings raised International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research note on Saturday, October 25th. BMO Capital Markets boosted their price target on International Business Machines from $300.00 to $305.00 and gave the company a “market perform” rating in a research note on Thursday, October 23rd. Erste Group Bank lowered International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. Finally, UBS Group boosted their price target on International Business Machines from $200.00 to $210.00 and gave the company a “sell” rating in a research note on Thursday, October 23rd. One investment 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 issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $288.00.

International Business Machines Trading Down 0.9%

NYSE IBM opened at $307.24 on Friday. The company has a market cap of $287.19 billion, a price-to-earnings ratio of 36.75, a P/E/G ratio of 4.33 and a beta of 0.73. International Business Machines Corporation has a 52 week low of $203.51 and a 52 week high of $319.35. The business has a 50 day moving average price of $273.16 and a 200-day moving average price of $266.48. The company has a quick ratio of 0.89, 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, beating the consensus estimate of $2.45 by $0.20. The firm had revenue of $16.33 billion during 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%.The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.30 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be issued a dividend of $1.68 per share. The ex-dividend date is Monday, November 10th. This represents a $6.72 annualized dividend and a dividend yield of 2.2%. International Business Machines’s payout ratio is currently 80.38%.

About International Business Machines

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.