IVC Wealth Advisors LLC Cuts Stake in International Business Machines Corporation $IBM

IVC Wealth Advisors LLC reduced its position in International Business Machines Corporation (NYSE:IBM) by 0.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,095 shares of the technology company’s stock after selling 45 shares during the quarter. International Business Machines comprises approximately 0.9% of IVC Wealth Advisors LLC’s investment portfolio, making the stock its 24th biggest holding. IVC Wealth Advisors LLC’s holdings in International Business Machines were worth $1,797,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Family CFO Inc purchased a new stake in shares of International Business Machines during the second quarter valued at $25,000. Christopher J. Hasenberg Inc purchased a new stake in shares of International Business Machines during the first quarter valued at $27,000. SSA Swiss Advisors AG purchased a new stake in shares of International Business Machines during the first quarter valued at $28,000. Dagco Inc. purchased a new stake in shares of International Business Machines during the first quarter valued at $31,000. Finally, Silicon Valley Capital Partners grew its holdings in shares of International Business Machines by 322.6% during the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock valued at $32,000 after buying an additional 100 shares during the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Trading Up 0.7%

IBM stock opened at $288.62 on Friday. The company’s 50-day simple moving average is $255.18 and its 200-day simple moving average is $259.27. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. International Business Machines Corporation has a 52-week low of $203.51 and a 52-week high of $296.16. The firm has a market cap of $268.25 billion, a P/E ratio of 46.85, a PEG ratio of 4.44 and a beta of 0.73.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.65 by $0.15. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The business had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. During the same period in the prior year, the company posted $2.43 EPS. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were paid a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines’s dividend payout ratio is presently 109.09%.

Wall Street Analysts Forecast Growth

Several research firms have commented on IBM. Bank of America lowered their price target on shares of International Business Machines from $320.00 to $310.00 and set a “buy” rating on the stock in a report on Thursday, July 24th. Sanford C. Bernstein began coverage on shares of International Business Machines in a report on Monday, September 15th. They issued a “market perform” rating and a $280.00 price target on the stock. JPMorgan Chase & Co. upped their price target on shares of International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Royal Bank Of Canada upped their price target on shares of International Business Machines from $285.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday, July 17th. Finally, BMO Capital Markets upped their price target on shares of International Business Machines from $260.00 to $300.00 and gave the company a “market perform” rating in a report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $284.62.

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.