International Business Machines Corporation $IBM Shares Sold by Verity & Verity LLC

Verity & Verity LLC reduced its position in International Business Machines Corporation (NYSE:IBM) by 8.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 65,593 shares of the technology company’s stock after selling 5,695 shares during the period. International Business Machines accounts for about 1.7% of Verity & Verity LLC’s portfolio, making the stock its 19th biggest position. Verity & Verity LLC’s holdings in International Business Machines were worth $19,336,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Columbia Bank grew its stake in shares of International Business Machines by 17.2% during the second quarter. Columbia Bank now owns 3,149 shares of the technology company’s stock worth $915,000 after acquiring an additional 461 shares during the last quarter. Laurel Wealth Advisors LLC boosted its stake in International Business Machines by 27,928.2% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,903,116 shares of the technology company’s stock worth $561,001,000 after purchasing an additional 1,896,326 shares in the last quarter. RiverFront Investment Group LLC grew its position in International Business Machines by 34.3% during the 2nd quarter. RiverFront Investment Group LLC now owns 8,902 shares of the technology company’s stock worth $2,624,000 after purchasing an additional 2,272 shares during the last quarter. Edmond DE Rothschild Holding S.A. increased its stake in International Business Machines by 11.2% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 65,392 shares of the technology company’s stock valued at $19,276,000 after purchasing an additional 6,611 shares in the last quarter. Finally, One Charles Private Wealth Services LLC raised its holdings in shares of International Business Machines by 6.2% in the second quarter. One Charles Private Wealth Services LLC now owns 3,015 shares of the technology company’s stock worth $889,000 after buying an additional 176 shares during the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Trading Down 1.0%

IBM stock opened at $301.22 on Tuesday. International Business Machines Corporation has a 52-week low of $214.50 and a 52-week high of $324.90. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.97. The firm has a market cap of $281.56 billion, a P/E ratio of 36.15, a PEG ratio of 4.33 and a beta of 0.71. The company’s 50-day simple moving average is $290.52 and its 200-day simple moving average is $273.74.

International Business Machines (NYSE:IBM) last released its quarterly earnings results 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. The company had revenue of $16.33 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.30 EPS. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be paid a $1.68 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $6.72 dividend on an annualized basis and a yield of 2.2%. International Business Machines’s dividend payout ratio (DPR) is currently 80.38%.

Analyst Ratings Changes

A number of analysts have commented on the company. Stifel Nicolaus lowered their price target on International Business Machines from $310.00 to $295.00 and set a “buy” rating for the company in a research report on Thursday, October 23rd. Wall Street Zen upgraded International Business Machines from a “hold” rating to a “buy” rating in a research note on Sunday, October 26th. Weiss Ratings raised International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a report on Saturday, October 25th. Oppenheimer initiated coverage on shares of International Business Machines in a report on Friday. They issued an “outperform” rating and a $360.00 price target on the stock. Finally, Bank of America raised their price target on shares of International Business Machines from $310.00 to $315.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $291.08.

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.