International Business Machines Corporation $IBM Shares Sold by Guggenheim Capital LLC

Key Points

• Guggenheim Capital LLC reduced its holdings in International Business Machines (IBM) by 15.1%, now owning 237,290 shares valued at approximately $59 million.
• Major investors like Goldman Sachs and Vanguard Group increased their positions in IBM, with Goldman Sachs raising their holdings by 20.8% in the latest quarter.
• IBM announced a quarterly dividend of $1.68, yielding 2.8%, with a payout ratio of 109.09%, indicating a commitment to shareholder returns despite significant liabilities.

Guggenheim Capital LLC reduced its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 15.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 237,290 shares of the technology company's stock after selling 42,052 shares during the period. Guggenheim Capital LLC's holdings in International Business Machines were worth $59,005,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in IBM. Christopher J. Hasenberg Inc purchased a new position in International Business Machines during the first quarter worth approximately $27,000. SSA Swiss Advisors AG purchased a new stake in International Business Machines in the first quarter valued at $28,000. Dagco Inc. purchased a new stake in International Business Machines in the first quarter valued at $31,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in International Business Machines in the first quarter valued at $45,000. Finally, Park Square Financial Group LLC purchased a new stake in International Business Machines in the fourth quarter valued at $43,000. 58.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

IBM has been the topic of several recent research reports. Wall Street Zen upgraded International Business Machines from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. The Goldman Sachs Group increased their price objective on International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Melius Research raised International Business Machines to a "strong-buy" rating in a report on Monday, July 7th. Royal Bank Of Canada raised their price target on International Business Machines from $285.00 to $315.00 and gave the company an "outperform" rating in a report on Thursday, July 17th. Finally, Erste Group Bank cut International Business Machines from a "buy" rating to a "hold" rating in a report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $268.75.

International Business Machines Trading Down 0.9%

NYSE:IBM traded down $2.14 on Friday, hitting $243.59. 2,965,964 shares of the stock were exchanged, compared to its average volume of 4,695,393. The stock has a market cap of $226.39 billion, a PE ratio of 39.54, a PEG ratio of 3.77 and a beta of 0.69. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. The stock has a fifty day moving average of $266.46 and a 200-day moving average of $257.71. International Business Machines Corporation has a fifty-two week low of $198.27 and a fifty-two week high of $296.16.

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, topping the consensus estimate of $2.65 by $0.15. The company had revenue of $16.98 billion during 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%.The firm's revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders 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 2.8%. The ex-dividend date is Friday, August 8th. International Business Machines's payout ratio is currently 109.09%.

About International Business Machines

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.