Aull & Monroe Investment Management Corp Cuts Stock Holdings in International Business Machines Corporation $IBM

Key Points

• Aull & Monroe Investment Management Corp has reduced its stake in IBM by 16.7%, leaving it with 8,689 shares valued at approximately $2.56 million.
• International Business Machines reported $2.80 earnings per share (EPS) for the latest quarter, surpassing expectations and showing a 7.7% year-over-year revenue growth.
• The company has declared a quarterly dividend of $1.68 per share, with a current dividend yield of 2.4% and a notable payout ratio of 109.09%.

Aull & Monroe Investment Management Corp trimmed its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 16.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,689 shares of the technology company's stock after selling 1,740 shares during the quarter. International Business Machines makes up about 1.4% of Aull & Monroe Investment Management Corp's portfolio, making the stock its 27th biggest holding. Aull & Monroe Investment Management Corp's holdings in International Business Machines were worth $2,561,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. MinichMacGregor Wealth Management LLC purchased a new position in shares of International Business Machines during the 1st quarter valued at approximately $396,000. Brooklyn Investment Group grew its stake in International Business Machines by 32.7% in the 1st quarter. Brooklyn Investment Group now owns 6,622 shares of the technology company's stock valued at $1,647,000 after acquiring an additional 1,630 shares during the period. Edgar Lomax Co. VA grew its stake in International Business Machines by 5.7% in the 1st quarter. Edgar Lomax Co. VA now owns 235,967 shares of the technology company's stock valued at $58,676,000 after acquiring an additional 12,690 shares during the period. Left Brain Wealth Management LLC grew its stake in International Business Machines by 1,547.8% in the 1st quarter. Left Brain Wealth Management LLC now owns 17,664 shares of the technology company's stock valued at $4,392,000 after acquiring an additional 16,592 shares during the period. Finally, Alpha Cubed Investments LLC grew its stake in International Business Machines by 47.0% in the 1st quarter. Alpha Cubed Investments LLC now owns 7,507 shares of the technology company's stock valued at $1,867,000 after acquiring an additional 2,399 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Trading Up 1.8%

Shares of IBM opened at $280.95 on Friday. International Business Machines Corporation has a 52-week low of $203.51 and a 52-week high of $301.04. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. The firm's fifty day moving average is $261.07 and its two-hundred day moving average is $261.73. The stock has a market cap of $261.12 billion, a PE ratio of 45.61, a price-to-earnings-growth ratio of 4.33 and a beta of 0.73.

International Business Machines (NYSE:IBM - Get Free Report) last announced 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 company had revenue of $16.98 billion for the quarter, compared to analysts' expectations of $16.58 billion. During the same quarter in the previous year, the company posted $2.43 EPS. The firm's quarterly revenue was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. Research analysts forecast 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 declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were given a dividend of $1.68 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 annualized dividend and a dividend yield of 2.4%. International Business Machines's payout ratio is presently 109.09%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Weiss Ratings reissued a "hold (c+)" rating on shares of International Business Machines in a research note on Wednesday, October 8th. The Goldman Sachs Group lifted their price target on shares of International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Melius Research raised shares of International Business Machines to a "strong-buy" rating in a research note on Monday, July 7th. Erste Group Bank cut shares of International Business Machines from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. Finally, Stifel Nicolaus lifted their price target on shares of International Business Machines from $290.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, International Business Machines presently has an average rating of "Hold" and an average target price of $286.38.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.