Blue Trust Inc. Sells 926 Shares of International Business Machines Corporation $IBM

Key Points

• Blue Trust Inc. has reduced its holdings in IBM by 4.1%, selling 926 shares and now owning a total of 21,671 shares valued at $6.39 million.
• Several institutional investors have made adjustments to their positions in IBM, with overall institutional ownership standing at 58.96%.
• Analysts have mixed ratings on IBM, with one "Strong Buy," seven "Buy," eight "Hold," and one "Sell," reflecting a consensus rating of "Hold" and an average price target of $284.62.

Blue Trust Inc. reduced its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 4.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,671 shares of the technology company's stock after selling 926 shares during the period. Blue Trust Inc.'s holdings in International Business Machines were worth $6,388,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Robertson Stephens Wealth Management LLC grew its position in shares of International Business Machines by 1.8% in the second quarter. Robertson Stephens Wealth Management LLC now owns 13,914 shares of the technology company's stock valued at $4,102,000 after purchasing an additional 252 shares during the last quarter. Cascade Investment Group Inc. increased its position in International Business Machines by 1.8% in the 2nd quarter. Cascade Investment Group Inc. now owns 5,544 shares of the technology company's stock worth $1,634,000 after buying an additional 96 shares during the period. Cyndeo Wealth Partners LLC lifted its holdings in shares of International Business Machines by 1.4% during the second quarter. Cyndeo Wealth Partners LLC now owns 13,976 shares of the technology company's stock worth $4,120,000 after buying an additional 194 shares during the last quarter. Riverchase Wealth Management LLC bought a new stake in shares of International Business Machines in the second quarter valued at approximately $232,000. Finally, 3Chopt Investment Partners LLC increased its position in International Business Machines by 2.4% during the second quarter. 3Chopt Investment Partners LLC now owns 2,929 shares of the technology company's stock worth $863,000 after acquiring an additional 69 shares during the period. Institutional investors and hedge funds own 58.96% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on IBM. UBS Group increased their target price on shares of International Business Machines from $195.00 to $200.00 and gave the company a "sell" rating in a research note on Thursday, July 24th. Wedbush raised their price objective on International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a research report on Friday, June 20th. Bank of America cut their target price on International Business Machines from $320.00 to $310.00 and set a "buy" rating for the company in a research note on Thursday, July 24th. 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. Finally, Erste Group Bank downgraded shares of International Business Machines from a "buy" rating to a "hold" rating in a report on Thursday, August 14th. One 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.com, International Business Machines currently has a consensus rating of "Hold" and an average price target of $284.62.

International Business Machines Trading Down 0.5%

NYSE IBM opened at $288.14 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.87 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 company has a market capitalization of $267.80 billion, a PE ratio of 46.78, a P/E/G ratio of 4.46 and a beta of 0.73. The stock has a 50-day simple moving average of $257.62 and a 200 day simple moving average of $260.41.

International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The technology company reported $2.80 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 firm had revenue of $16.98 billion for the quarter, compared to the consensus estimate of $16.58 billion. During the same period last year, the company posted $2.43 EPS. The business'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 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were issued 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 2.3%. International Business Machines's dividend payout ratio (DPR) is currently 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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