Hedges Asset Management LLC Sells 3,200 Shares of International Business Machines Corporation $IBM

Key Points

• Hedges Asset Management LLC has significantly reduced its stake in International Business Machines Corporation (IBM) by **40.0%** during the second quarter, resulting in ownership of only **4,800 shares**.
• Various institutional investors have increased their stakes in IBM, with **GAMMA Investing LLC growing its position by 29,564.2%** by acquiring over **4.4 million shares**, worth approximately **$10.94 billion**.
• IBM's stock recently opened at **$253.46**, with a **52-week high of $296.16** and a **52-week low of $203.51**, indicating some volatility over the past year.

Hedges Asset Management LLC reduced its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 40.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,800 shares of the technology company's stock after selling 3,200 shares during the quarter. International Business Machines comprises 1.1% of Hedges Asset Management LLC's portfolio, making the stock its 27th biggest position. Hedges Asset Management LLC's holdings in International Business Machines were worth $1,415,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of International Business Machines by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company's stock valued at $23,159,637,000 after purchasing an additional 1,298,515 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in International Business Machines by 6.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,636,725 shares of the technology company's stock worth $2,147,608,000 after acquiring an additional 524,633 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in International Business Machines by 9.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,112,092 shares of the technology company's stock worth $1,783,281,000 after acquiring an additional 722,582 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of International Business Machines by 1.0% in the 1st quarter. Ameriprise Financial Inc. now owns 5,516,240 shares of the technology company's stock valued at $1,371,812,000 after buying an additional 52,317 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of International Business Machines by 20.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company's stock valued at $1,282,550,000 after buying an additional 889,008 shares during the last quarter. 58.96% of the stock is owned by institutional investors.

International Business Machines Stock Performance

IBM stock traded down $3.55 during midday trading on Friday, hitting $253.46. The company's stock had a trading volume of 3,430,296 shares, compared to its average volume of 3,663,143. The stock has a market cap of $235.57 billion, a price-to-earnings ratio of 41.15, a PEG ratio of 3.90 and a beta of 0.71. The stock's 50-day moving average price is $257.59 and its 200 day moving average price is $256.96. 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 1 year low of $203.51 and a 1 year high of $296.16.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.65 by $0.15. The company 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%.The firm's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. On average, equities analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were issued a dividend of $1.68 per share. The ex-dividend date was Friday, August 8th. This represents a $6.72 annualized dividend and a yield of 2.7%. International Business Machines's dividend payout ratio is currently 109.09%.

Analysts Set New Price Targets

IBM has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price target 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. Melius Research raised International Business Machines to a "strong-buy" rating in a report on Monday, July 7th. Stifel Nicolaus increased their target price on International Business Machines from $290.00 to $310.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. UBS Group raised their price objective on International Business Machines from $195.00 to $200.00 and gave the company a "sell" rating in a research note on Thursday, July 24th. Finally, Wedbush raised their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $270.67.

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.