Douglas Lane & Associates LLC Has $53.91 Million Stake in International Business Machines Corporation $IBM

Key Points

• Douglas Lane & Associates LLC reduced its stake in IBM by 8.5% during the 2nd quarter, holding 182,892 shares valued at approximately $53.91 million.
• Several analysts have recently adjusted their price targets for IBM, with Goldman Sachs raising their target from $270 to $310 while UBS lowered theirs from $195 to $200, signaling varied market sentiment.
• IBM announced a quarterly dividend of $1.68 per share, reflecting an annualized payout of $6.72 and a dividend yield of 2.7%.

Douglas Lane & Associates LLC decreased its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 8.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 182,892 shares of the technology company's stock after selling 17,017 shares during the quarter. Douglas Lane & Associates LLC's holdings in International Business Machines were worth $53,913,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group boosted their price target on International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Wall Street Zen raised International Business Machines from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. UBS Group raised their target price on International Business Machines from $195.00 to $200.00 and gave the company a "sell" rating in a report on Thursday, July 24th. Bank of America reduced their target price on International Business Machines from $320.00 to $310.00 and set a "buy" rating on the stock in a report on Thursday, July 24th. Finally, BMO Capital Markets raised their target price 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 research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $270.67.

International Business Machines Stock Down 1.4%

Shares of IBM opened at $253.46 on Friday. International Business Machines Corporation has a 52 week low of $203.51 and a 52 week high of $296.16. The stock has a market capitalization of $235.56 billion, a price-to-earnings ratio of 41.15, a PEG ratio of 3.96 and a beta of 0.71. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91. The stock has a fifty day moving average of $257.59 and a 200-day moving average of $256.94.

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, beating analysts' consensus estimates of $2.65 by $0.15. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The company had revenue of $16.98 billion during the quarter, compared to analysts' expectations of $16.58 billion. During the same period in the prior year, the company earned $2.43 EPS. International Business Machines's revenue was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were paid a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Friday, August 8th. International Business Machines's dividend payout ratio is presently 109.09%.

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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