Clean Yield Group Sells 1,636 Shares of International Business Machines Corporation $IBM

Key Points

• Clean Yield Group reduced its stake in International Business Machines Corporation (IBM) by 7.7%, owning 19,529 shares after selling 1,636 during the quarter, making IBM the firm's 16th largest investment.
• In the second quarter, IBM reported $2.80 earnings per share, surpassing estimates and showing a revenue increase of 7.7% year-over-year, with net margins at 9.11% and a return on equity of 37.62%.
• IBM announced a quarterly dividend of $1.68, with a resulting yield of 2.4%, despite a payout ratio of 109.09% indicating the company pays out more than it earns.

Clean Yield Group lessened its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 7.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,529 shares of the technology company's stock after selling 1,636 shares during the period. International Business Machines accounts for 1.7% of Clean Yield Group's investment portfolio, making the stock its 16th biggest position. Clean Yield Group's holdings in International Business Machines were worth $5,757,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in IBM. GQG Partners LLC bought a new stake in International Business Machines in the 1st quarter worth $1,040,057,000. Nuveen LLC bought a new stake in International Business Machines in the 1st quarter worth $960,386,000. Vanguard Group Inc. lifted its position in shares of International Business Machines by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company's stock worth $23,159,637,000 after purchasing an additional 1,298,515 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of International Business Machines by 41.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,164,987 shares of the technology company's stock worth $787,007,000 after purchasing an additional 930,448 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of International Business Machines by 20.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company's stock worth $1,282,550,000 after purchasing an additional 889,008 shares during the period. Institutional investors own 58.96% of the company's stock.

International Business Machines Trading Up 1.2%

Shares of NYSE IBM opened at $284.72 on Monday. 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 cap of $264.62 billion, a P/E ratio of 46.22, a price-to-earnings-growth ratio of 4.38 and a beta of 0.71. The firm has a 50-day moving average of $254.07 and a 200 day moving average of $258.11. 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 (NYSE:IBM - Get Free Report) last issued 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. The business had revenue of $16.98 billion during the quarter, compared to analysts' expectations of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The business's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were issued a $1.68 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 annualized dividend and a yield of 2.4%. International Business Machines's payout ratio is 109.09%.

Analyst Upgrades and Downgrades

IBM has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their target price on shares of International Business Machines from $244.00 to $290.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Wedbush raised their target price on shares of International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a research report on Friday, June 20th. Erste Group Bank cut shares of International Business Machines from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. Stifel Nicolaus raised their target price on shares of International Business Machines from $290.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Finally, Melius Research raised shares of International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $275.00.

International Business Machines Company 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.