CapWealth Advisors LLC Sells 2,467 Shares of International Business Machines Corporation $IBM

Key Points

• CapWealth Advisors LLC reduced its stake in International Business Machines (IBM) by 1.9%, selling 2,467 shares, leaving it with 129,817 shares valued at approximately $38.27 million.
• IBM reported a quarterly earnings per share (EPS) of $2.80, exceeding analyst expectations, with a revenue of $16.98 billion for the quarter.
• The company also declared a quarterly dividend of $1.68 per share, indicating a yield of 2.4% and a dividend payout ratio of 109.09%.

CapWealth Advisors LLC lessened its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 1.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 129,817 shares of the technology company's stock after selling 2,467 shares during the period. International Business Machines accounts for about 3.8% of CapWealth Advisors LLC's holdings, making the stock its 5th biggest position. CapWealth Advisors LLC's holdings in International Business Machines were worth $38,268,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Family CFO Inc purchased a new stake in International Business Machines in the 2nd quarter valued at approximately $25,000. Christopher J. Hasenberg Inc purchased a new stake in International Business Machines in the 1st quarter valued at approximately $27,000. SSA Swiss Advisors AG purchased a new stake in International Business Machines in the 1st quarter valued at approximately $28,000. Dagco Inc. purchased a new stake in International Business Machines in the 1st quarter valued at approximately $31,000. Finally, Silicon Valley Capital Partners boosted its holdings in International Business Machines by 322.6% in the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company's stock valued at $32,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $280.95 on Friday. The business's 50 day simple moving average is $261.07 and its 200-day simple moving average is $261.65. The firm has a market capitalization of $261.12 billion, a price-to-earnings ratio of 45.61, a price-to-earnings-growth ratio of 4.24 and a beta of 0.73. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. International Business Machines Corporation has a 12 month low of $203.51 and a 12 month high of $301.04.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly 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. The business had revenue of $16.98 billion for 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 quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.43 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 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were paid 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 yield of 2.4%. International Business Machines's dividend payout ratio is presently 109.09%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Stifel Nicolaus lifted their price objective on International Business Machines from $290.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Morgan Stanley lifted their price objective on International Business Machines from $253.00 to $256.00 and gave the company an "equal weight" rating in a report on Wednesday. BMO Capital Markets lifted their price objective 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. Sanford C. Bernstein assumed coverage on International Business Machines in a report on Monday, September 15th. They issued a "market perform" rating and a $280.00 price objective on the stock. Finally, Wall Street Zen lowered International Business Machines from a "buy" rating to a "hold" rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, International Business Machines currently has a consensus 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.

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