Etesian Wealth Advisors Inc. Lowers Stock Holdings in International Business Machines Corporation $IBM

Key Points

• Etesian Wealth Advisors Inc. reduced its stake in International Business Machines Corporation by 14.0%, holding 5,630 shares worth approximately $1,660,000 following the sale of 915 shares in the second quarter.
• Quarterly earnings revealed $2.80 EPS, exceeding estimates by $0.15, with a year-over-year revenue increase of 7.7% to $16.98 billion.
• IBM announced a quarterly dividend of $1.68 per share, resulting in an annualized yield of 2.3%, despite a high payout ratio of 109.09%.

Etesian Wealth Advisors Inc. trimmed its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 14.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,630 shares of the technology company's stock after selling 915 shares during the period. Etesian Wealth Advisors Inc.'s holdings in International Business Machines were worth $1,660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. MinichMacGregor Wealth Management LLC purchased a new stake in International Business Machines in the 1st quarter valued at about $396,000. Brooklyn Investment Group boosted its position 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 buying an additional 1,630 shares during the period. Edgar Lomax Co. VA boosted its position 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 buying an additional 12,690 shares during the period. Left Brain Wealth Management LLC boosted its position 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 buying an additional 16,592 shares during the period. Finally, Alpha Cubed Investments LLC boosted its position 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 buying an additional 2,399 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

IBM has been the subject of several recent research reports. Wedbush boosted their price target on shares of International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a report on Friday, June 20th. Sanford C. Bernstein initiated coverage on shares of International Business Machines in a report on Monday, September 15th. They issued a "market perform" rating and a $280.00 price target for the company. BMO Capital Markets boosted their price target on shares of International Business Machines from $260.00 to $300.00 and gave the company a "market perform" rating in a report on Friday, July 18th. Royal Bank Of Canada boosted their price target on shares of International Business Machines from $285.00 to $315.00 and gave the company an "outperform" rating in a report on Thursday, July 17th. Finally, UBS Group boosted their price target on shares of International Business Machines from $195.00 to $200.00 and gave the company a "sell" rating in a report on Thursday, July 24th. 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 given a Sell rating to the company. Based on data from MarketBeat, the stock 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 quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. The firm has a market cap of $267.80 billion, a PE ratio of 46.78, a price-to-earnings-growth ratio of 4.46 and a beta of 0.73. The company has a 50 day moving average price of $257.62 and a 200 day moving average price of $260.41. International Business Machines Corporation has a 52 week low of $203.51 and a 52 week high of $301.04.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $16.98 billion during the quarter, compared to analyst estimates of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. International Business Machines's revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that International Business Machines Corporation will post 10.78 EPS 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. Shareholders of record on Friday, August 8th were given a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines's payout ratio is currently 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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