Franklin Street Advisors Inc. NC Has $14.07 Million Stock Position in International Business Machines Corporation $IBM

Key Points

• Franklin Street Advisors Inc. NC reduced its holdings in International Business Machines Corporation (IBM) by 16.2%, now owning shares worth approximately $14.07 million.
• Analysts have issued varied ratings on IBM, with Royal Bank of Canada and Stifel Nicolaus raising their price objectives to $315 and $310 respectively, while maintaining an overall consensus rating of "Hold."
• IBM recently announced a quarterly dividend of $1.68, resulting in an annualized yield of 2.3%, although its payout ratio stands at a high 109.09%.

Franklin Street Advisors Inc. NC lowered its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 16.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 47,734 shares of the technology company's stock after selling 9,239 shares during the period. Franklin Street Advisors Inc. NC's holdings in International Business Machines were worth $14,071,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Family CFO Inc acquired a new stake in International Business Machines during the second quarter worth approximately $25,000. Christopher J. Hasenberg Inc acquired a new stake in International Business Machines in the first quarter valued at approximately $27,000. SSA Swiss Advisors AG acquired a new stake in International Business Machines in the first quarter valued at approximately $28,000. Highline Wealth Partners LLC grew its stake in International Business Machines by 85.0% in the second quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company's stock valued at $33,000 after acquiring an additional 51 shares during the period. Finally, Dagco Inc. acquired a new stake in International Business Machines in the first quarter valued at approximately $31,000. Institutional investors and hedge funds own 58.96% of the company's stock.

Analyst Ratings Changes

IBM has been the subject of a number of research reports. Royal Bank Of Canada raised their price objective on International Business Machines from $285.00 to $315.00 and gave the company an "outperform" rating in a research note on Thursday, July 17th. Wall Street Zen raised International Business Machines from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Stifel Nicolaus raised their price objective on International Business Machines from $290.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. JPMorgan Chase & Co. raised their price objective on International Business Machines from $244.00 to $290.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Finally, Sanford C. Bernstein began coverage on International Business Machines in a research report on Monday, September 15th. They set a "market perform" rating and a $280.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $284.62.

International Business Machines Stock Performance

Shares of International Business Machines stock opened at $288.62 on Friday. The business's fifty day simple moving average is $255.18 and its 200 day simple moving average is $259.22. The firm has a market capitalization of $268.25 billion, a P/E ratio of 46.85, a price-to-earnings-growth ratio of 4.41 and a beta of 0.73. International Business Machines Corporation has a 12 month low of $203.51 and a 12 month high of $296.16. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, topping analysts' consensus estimates 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%.International Business Machines's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the company posted $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. As a group, analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current 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 paid a $1.68 dividend. The ex-dividend date was Friday, August 8th. This represents a $6.72 annualized dividend and a dividend yield of 2.3%. International Business Machines's 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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