Advisors Capital Management LLC Reduces Position in International Business Machines Corporation $IBM

Key Points

• Advisors Capital Management LLC has reduced its stake in IBM by 12.5%, now holding 325,312 shares valued at approximately $80.89 million.
• Wall Street analysts are optimistic, with some upgrading IBM shares to a "buy" rating and increasing price targets, indicating confidence in future growth.
• IBM announced a quarterly dividend of $1.68, reflecting an annualized dividend yield of 2.6%, despite a payout ratio exceeding 100%.

Advisors Capital Management LLC lessened its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 12.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 325,312 shares of the technology company's stock after selling 46,512 shares during the quarter. International Business Machines accounts for 1.3% of Advisors Capital Management LLC's portfolio, making the stock its 12th largest position. Advisors Capital Management LLC's holdings in International Business Machines were worth $80,892,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Blue Edge Capital LLC lifted its holdings in International Business Machines by 0.6% during the 1st quarter. Blue Edge Capital LLC now owns 6,776 shares of the technology company's stock valued at $1,685,000 after buying an additional 39 shares in the last quarter. Tacita Capital Inc lifted its holdings in International Business Machines by 20.8% during the 1st quarter. Tacita Capital Inc now owns 232 shares of the technology company's stock valued at $58,000 after buying an additional 40 shares in the last quarter. Pallas Capital Advisors LLC lifted its holdings in International Business Machines by 0.9% during the 1st quarter. Pallas Capital Advisors LLC now owns 4,805 shares of the technology company's stock valued at $1,195,000 after buying an additional 42 shares in the last quarter. DMC Group LLC lifted its holdings in International Business Machines by 1.2% during the 1st quarter. DMC Group LLC now owns 3,517 shares of the technology company's stock valued at $875,000 after buying an additional 42 shares in the last quarter. Finally, Fidato Wealth LLC lifted its holdings in International Business Machines by 2.4% during the 1st quarter. Fidato Wealth LLC now owns 1,824 shares of the technology company's stock valued at $454,000 after buying an additional 42 shares in the last quarter. Institutional investors own 58.96% of the company's stock.

International Business Machines Stock Down 1.4%

Shares of International Business Machines stock traded down $3.55 on Friday, reaching $253.46. The stock had a trading volume of 3,430,296 shares, compared to its average volume of 3,708,693. The company has a 50 day moving average price of $257.59 and a 200 day moving average price of $256.93. 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 1 year low of $203.51 and a 1 year high of $296.16. The stock has a market capitalization of $235.57 billion, a P/E ratio of 41.15, a P/E/G ratio of 3.96 and a beta of 0.71.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $16.98 billion for the quarter, compared to the consensus estimate of $16.58 billion. During the same quarter in the previous year, the firm earned $2.43 EPS. The company's quarterly revenue was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were given a $1.68 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.7%. International Business Machines's payout ratio is presently 109.09%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus lifted their price objective on shares of International Business Machines from $290.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Royal Bank Of Canada lifted their price objective 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. Wall Street Zen upgraded shares of International Business Machines from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Bank of America reduced their price target on shares of International Business Machines from $320.00 to $310.00 and set a "buy" rating for the company in a report on Thursday, July 24th. Finally, The Goldman Sachs Group boosted their price target on shares of International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $270.67.

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.