Arlington Financial Advisors LLC Sells 1,471 Shares of International Business Machines Corporation $IBM

Key Points

• Arlington Financial Advisors LLC has reduced its position in IBM by 65.5%, now holding 774 shares worth $228,000 after selling 1,471 shares in the second quarter.
• Several hedge funds have increased their holdings in IBM, with JGP Wealth Management LLC and Cypress Wealth Services LLC raising their stakes by over 20% during the same period.
• IBM's recent quarterly earnings exceeded expectations, reporting $2.80 EPS against estimates of $2.65, with a year-over-year revenue increase of 7.7%.

Arlington Financial Advisors LLC reduced its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 65.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 774 shares of the technology company's stock after selling 1,471 shares during the quarter. Arlington Financial Advisors LLC's holdings in International Business Machines were worth $228,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. JGP Wealth Management LLC lifted its position in International Business Machines by 20.8% in the second quarter. JGP Wealth Management LLC now owns 1,738 shares of the technology company's stock worth $512,000 after purchasing an additional 299 shares during the period. Cypress Wealth Services LLC lifted its holdings in shares of International Business Machines by 24.7% during the second quarter. Cypress Wealth Services LLC now owns 1,855 shares of the technology company's stock valued at $547,000 after acquiring an additional 368 shares during the period. J.Safra Asset Management Corp lifted its holdings in shares of International Business Machines by 13.6% during the second quarter. J.Safra Asset Management Corp now owns 3,233 shares of the technology company's stock valued at $937,000 after acquiring an additional 388 shares during the period. Sagespring Wealth Partners LLC lifted its holdings in shares of International Business Machines by 13.8% during the second quarter. Sagespring Wealth Partners LLC now owns 29,312 shares of the technology company's stock valued at $8,641,000 after acquiring an additional 3,550 shares during the period. Finally, Boston Trust Walden Corp lifted its holdings in shares of International Business Machines by 3.0% during the second quarter. Boston Trust Walden Corp now owns 3,402 shares of the technology company's stock valued at $1,003,000 after acquiring an additional 100 shares during the period. 58.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Sanford C. Bernstein assumed coverage on International Business Machines in a report on Monday, September 15th. They set a "market perform" rating and a $280.00 price objective for the company. Melius Research raised International Business Machines to a "strong-buy" rating in a report on Monday, July 7th. Wall Street Zen raised International Business Machines from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Weiss Ratings reissued a "hold (c+)" rating on shares of International Business Machines in a report on Wednesday, October 8th. Finally, BMO Capital Markets lifted their price target on 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 equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $284.62.

International Business Machines Stock Performance

International Business Machines stock opened at $276.12 on Wednesday. The stock has a 50-day simple moving average of $259.20 and a 200 day simple moving average of $261.11. 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 12-month low of $203.51 and a 12-month high of $301.04. The stock has a market capitalization of $256.63 billion, a price-to-earnings ratio of 44.83, a P/E/G ratio of 4.27 and a beta of 0.73.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, topping analysts' consensus estimates of $2.65 by $0.15. The firm had revenue of $16.98 billion during the quarter, compared to analyst estimates of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The company's revenue was up 7.7% on a year-over-year basis. During the same period last year, the company earned $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. On average, research analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were given a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Friday, August 8th. International Business Machines's dividend payout ratio (DPR) is presently 109.09%.

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.

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