American Trust Investment Advisors LLC Sells 3,470 Shares of International Business Machines Corporation $IBM

Key Points

• American Trust Investment Advisors LLC has reduced its holdings in International Business Machines (IBM) by 10%, making it the firm's 4th largest position at approximately $7.78 million.
• Several institutional investors have increased their stakes in IBM, with Aprio Wealth Management increasing its holdings by 38.1% during the first quarter.
• IBM recently reported quarterly earnings of $2.80 per share, beating expectations, and announced a quarterly dividend of $1.68 per share with a yield of 2.8%.

American Trust Investment Advisors LLC lowered its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 10.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,286 shares of the technology company's stock after selling 3,470 shares during the quarter. International Business Machines comprises approximately 3.3% of American Trust Investment Advisors LLC's investment portfolio, making the stock its 4th biggest position. American Trust Investment Advisors LLC's holdings in International Business Machines were worth $7,780,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Blue Edge Capital LLC increased its holdings in International Business Machines by 0.6% in the 1st quarter. Blue Edge Capital LLC now owns 6,776 shares of the technology company's stock valued at $1,685,000 after buying an additional 39 shares during the period. Tacita Capital Inc boosted its position in shares of International Business Machines by 20.8% during the 1st quarter. Tacita Capital Inc now owns 232 shares of the technology company's stock worth $58,000 after acquiring an additional 40 shares in the last quarter. Pallas Capital Advisors LLC boosted its position in shares of International Business Machines by 0.9% during the 1st quarter. Pallas Capital Advisors LLC now owns 4,805 shares of the technology company's stock worth $1,195,000 after acquiring an additional 42 shares in the last quarter. DMC Group LLC boosted its position in shares of International Business Machines by 1.2% during the 1st quarter. DMC Group LLC now owns 3,517 shares of the technology company's stock worth $875,000 after acquiring an additional 42 shares in the last quarter. Finally, Fidato Wealth LLC boosted its position in shares of International Business Machines by 2.4% during the 1st quarter. Fidato Wealth LLC now owns 1,824 shares of the technology company's stock worth $454,000 after acquiring an additional 42 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Trading Up 0.5%

Shares of NYSE IBM traded up $1.29 during midday trading on Friday, reaching $248.47. The stock had a trading volume of 3,144,657 shares, compared to its average volume of 4,670,317. The firm has a market cap of $230.93 billion, a price-to-earnings ratio of 40.34, a price-to-earnings-growth ratio of 3.76 and a beta of 0.71. International Business Machines Corporation has a twelve month low of $199.34 and a twelve month high of $296.16. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91. The company's 50 day moving average price is $261.90 and its 200 day moving average price is $257.21.

International Business Machines (NYSE:IBM - Get Free Report) last announced 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 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 firm's revenue was up 7.7% compared to the same quarter last year. 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. As a group, sell-side analysts expect that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on IBM. Melius Research raised International Business Machines to a "strong-buy" rating in a report on Monday, July 7th. 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. Bank of America reduced their price objective on International Business Machines from $320.00 to $310.00 and set a "buy" rating on the stock in a research note on Thursday, July 24th. Wall Street Zen upgraded shares of International Business Machines from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Finally, JPMorgan Chase & Co. raised their price target on shares of International Business Machines from $244.00 to $290.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. One equities research 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 given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $268.75.

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.