International Business Machines Corporation $IBM Shares Sold by Ascent Group LLC

Key Points

• Ascent Group LLC reduced its holdings in IBM by 9.6% in the second quarter, selling 1,625 shares, with remaining shares valued at approximately $4.53 million.
• Several analysts have recently revised their price targets for IBM, with Bank of America lowering its target from $320 to $310, while JPMorgan Chase increased theirs from $244 to $290.
• IBM declared a quarterly dividend of $1.68 per share, resulting in an annualized dividend yield of 2.3%, despite a payout ratio of 109.09%.

Ascent Group LLC cut its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 9.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,373 shares of the technology company's stock after selling 1,625 shares during the period. Ascent Group LLC's holdings in International Business Machines were worth $4,532,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Family CFO Inc acquired a new stake in shares of International Business Machines during the second quarter valued at about $25,000. Christopher J. Hasenberg Inc acquired a new stake in shares of International Business Machines during the first quarter valued at about $27,000. SSA Swiss Advisors AG acquired a new stake in shares of International Business Machines during the first quarter valued at about $28,000. Dagco Inc. acquired a new position in International Business Machines in the first quarter worth about $31,000. Finally, Silicon Valley Capital Partners grew its stake in International Business Machines by 322.6% in the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company's stock worth $32,000 after purchasing an additional 100 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on IBM shares. Bank of America decreased their price target on International Business Machines from $320.00 to $310.00 and set a "buy" rating for the company in a research note on Thursday, July 24th. Melius Research upgraded International Business Machines to a "strong-buy" rating in a research note on Monday, July 7th. JPMorgan Chase & Co. lifted their price target on International Business Machines from $244.00 to $290.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Weiss Ratings reiterated a "hold (c+)" rating on shares of International Business Machines in a research note on Saturday, September 27th. Finally, UBS Group lifted their price target on International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a research note on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $284.62.

International Business Machines Stock Performance

IBM opened at $288.62 on Friday. The business's 50 day moving average is $255.18 and its 200-day moving average is $259.22. The stock has a market cap of $268.25 billion, a PE ratio of 46.85, a price-to-earnings-growth ratio of 4.41 and a beta of 0.73. 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 Corporation has a twelve month low of $203.51 and a twelve month high of $296.16.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share 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 analysts' expectations 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 for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. On average, analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were issued a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines's payout ratio is 109.09%.

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.

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