International Business Machines Corporation $IBM is Advisors Asset Management Inc.'s 10th Largest Position

Key Points

• Advisors Asset Management Inc. reduced its stake in International Business Machines by 8.7%, now holding 213,211 shares valued at approximately $53 million, making it the firm's 10th largest position.
• Vanguard Group Inc. and Goldman Sachs Group Inc. both increased their stakes in IBM by 1.4% and 20.8% respectively, indicating ongoing institutional interest in the stock.
• IBM reported quarterly earnings of $2.80 per share, exceeding expectations, and announced a quarterly dividend of $1.68, reflecting a 2.8% yield with a high dividend payout ratio of 109.09%.

Advisors Asset Management Inc. reduced its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 8.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 213,211 shares of the technology company's stock after selling 20,230 shares during the period. International Business Machines makes up about 1.0% of Advisors Asset Management Inc.'s investment portfolio, making the stock its 10th biggest position. Advisors Asset Management Inc.'s holdings in International Business Machines were worth $53,017,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Blue Edge Capital LLC boosted its position in shares of International Business Machines by 0.6% during the 1st quarter. Blue Edge Capital LLC now owns 6,776 shares of the technology company's stock valued at $1,685,000 after purchasing an additional 39 shares in the last quarter. Tacita Capital Inc lifted its stake in International Business Machines by 20.8% in the first quarter. Tacita Capital Inc now owns 232 shares of the technology company's stock valued at $58,000 after buying an additional 40 shares during the period. Pallas Capital Advisors LLC boosted its holdings 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 buying an additional 42 shares in the last quarter. DMC Group LLC grew 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 buying an additional 42 shares during the period. Finally, Fidato Wealth LLC increased its stake in shares of International Business Machines by 2.4% in the 1st quarter. Fidato Wealth LLC now owns 1,824 shares of the technology company's stock valued at $454,000 after acquiring an additional 42 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Stock Performance

International Business Machines stock traded up $1.29 during mid-day trading on Friday, reaching $248.47. 3,144,657 shares of the company's stock were exchanged, compared to its average volume of 4,281,239. The business's fifty day simple moving average is $261.90 and its 200 day simple moving average is $257.21. 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 one year low of $199.34 and a one year high of $296.16. The firm has a market capitalization of $230.93 billion, a PE ratio of 23.27, a P/E/G ratio of 3.81 and a beta of 0.71.

International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.15. The firm 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 business's revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that International Business Machines Corporation will post 10.78 earnings per share 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. Shareholders of record on Friday, August 8th will be paid a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, August 8th. International Business Machines's payout ratio is presently 109.09%.

Analysts Set New Price Targets

IBM has been the topic of several research analyst reports. BMO Capital Markets increased their target price on shares of International Business Machines from $260.00 to $300.00 and gave the stock a "market perform" rating in a research note on Friday, July 18th. JPMorgan Chase & Co. increased their price objective on shares of International Business Machines from $244.00 to $290.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Wall Street Zen upgraded International Business Machines from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Royal Bank Of Canada upped their price target on International Business Machines from $285.00 to $315.00 and gave the stock an "outperform" rating in a research note on Thursday, July 17th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus 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.