International Business Machines Corporation $IBM Stock Holdings Decreased by First Dallas Securities Inc.

Key Points

• First Dallas Securities Inc. has reduced its stake in International Business Machines Corporation (IBM) by 21.4%, selling 3,621 shares and now holding a total of 13,277 shares valued at approximately $3.3 million.
• In Q1, several institutional investors increased their positions in IBM, with GAMMA Investing LLC significantly boosting its stake by 29,564.2%, now owning 4.4 million shares worth about $10.9 billion.
• IBM reported earnings of $2.80 per share for the last quarter, surpassing estimates and reflecting a 7.7% year-over-year revenue growth; the company also announced a quarterly dividend of $1.68 per share scheduled for payment on September 10th.

First Dallas Securities Inc. decreased its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 21.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,277 shares of the technology company's stock after selling 3,621 shares during the period. International Business Machines makes up approximately 1.4% of First Dallas Securities Inc.'s holdings, making the stock its 18th largest position. First Dallas Securities Inc.'s holdings in International Business Machines were worth $3,301,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. MinichMacGregor Wealth Management LLC acquired a new position in International Business Machines during the first quarter worth $396,000. Brooklyn Investment Group raised its holdings in International Business Machines by 32.7% during the first quarter. Brooklyn Investment Group now owns 6,622 shares of the technology company's stock worth $1,647,000 after purchasing an additional 1,630 shares during the last quarter. Edgar Lomax Co. VA grew its holdings in 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 purchasing an additional 12,690 shares during the last quarter. Left Brain Wealth Management LLC grew its stake 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 acquiring an additional 16,592 shares during the last quarter. Finally, Alpha Cubed Investments LLC increased its holdings in International Business Machines by 47.0% during the 1st quarter. Alpha Cubed Investments LLC now owns 7,507 shares of the technology company's stock valued at $1,867,000 after acquiring an additional 2,399 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Stock Up 1.2%

Shares of IBM traded up $2.95 during midday trading on Tuesday, hitting $259.04. The company had a trading volume of 4,927,569 shares, compared to its average volume of 3,975,109. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. International Business Machines Corporation has a 52 week low of $202.87 and a 52 week high of $296.16. The company's 50 day moving average price is $260.31 and its 200 day moving average price is $256.97. The stock has a market cap of $240.75 billion, a price-to-earnings ratio of 42.05, a PEG ratio of 3.94 and a beta of 0.71.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, beating analysts' consensus estimates of $2.65 by $0.15. The business had revenue of $16.98 billion during the quarter, compared to the consensus estimate of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The business's quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. On average, equities research analysts predict that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 8th will be paid a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Friday, August 8th. International Business Machines's dividend payout ratio (DPR) is currently 109.09%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Wedbush upped their target price on International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a research note on Friday, June 20th. Wall Street Zen upgraded International Business Machines from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Erste Group Bank cut shares of International Business Machines from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. BMO Capital Markets raised their price objective on International Business Machines from $260.00 to $300.00 and gave the stock a "market perform" rating in a report on Friday, July 18th. Finally, Stifel Nicolaus increased their price objective 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. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, International Business Machines currently has a consensus rating of "Hold" and a consensus price target of $268.75.

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.