International Business Machines Corporation $IBM Shares Sold by Beech Hill Advisors Inc.

Key Points

• Beech Hill Advisors Inc. reduced its stake in International Business Machines Corporation by 12.7%, now holding 13,075 shares valued at approximately $3.85 million.
• IBM's stock price increased by 0.8% to $283.64, with a market cap of $263.61 billion and a P/E ratio of 46.05.
• In its latest earnings report, IBM exceeded analyst expectations with $2.80 EPS and revenue of $16.98 billion, up 7.7% year-over-year.

Beech Hill Advisors Inc. lessened its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 12.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,075 shares of the technology company's stock after selling 1,900 shares during the quarter. International Business Machines makes up 1.7% of Beech Hill Advisors Inc.'s investment portfolio, making the stock its 17th largest holding. Beech Hill Advisors Inc.'s holdings in International Business Machines were worth $3,854,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of IBM. Lifestyle Asset Management Inc. grew its stake in shares of International Business Machines by 1.7% in the second quarter. Lifestyle Asset Management Inc. now owns 2,144 shares of the technology company's stock worth $632,000 after acquiring an additional 36 shares in the last quarter. Whelan Financial increased its holdings in International Business Machines by 2.4% during the 2nd quarter. Whelan Financial now owns 1,525 shares of the technology company's stock worth $450,000 after purchasing an additional 36 shares during the period. Ignite Planners LLC raised its position in International Business Machines by 0.9% in the 2nd quarter. Ignite Planners LLC now owns 3,964 shares of the technology company's stock valued at $1,133,000 after purchasing an additional 36 shares in the last quarter. Blue Edge Capital LLC boosted its stake in shares of 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. Finally, Johnson Bixby & Associates LLC grew its position in shares of International Business Machines by 3.3% during the second quarter. Johnson Bixby & Associates LLC now owns 1,208 shares of the technology company's stock worth $356,000 after buying an additional 39 shares in the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Stock Up 0.8%

Shares of NYSE:IBM opened at $283.64 on Tuesday. International Business Machines Corporation has a 1-year low of $203.51 and a 1-year high of $301.04. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. The stock has a market cap of $263.61 billion, a P/E ratio of 46.05, a P/E/G ratio of 4.33 and a beta of 0.73. The firm has a fifty day moving average price of $262.02 and a 200 day moving average price of $262.25.

International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, beating analysts' consensus estimates of $2.65 by $0.15. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The business had revenue of $16.98 billion during the quarter, compared to analysts' expectations of $16.58 billion. During the same period in the prior year, the company earned $2.43 earnings per share. The business's revenue was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. Sell-side analysts predict 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. Stockholders of record on Friday, August 8th were issued a $1.68 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.4%. International Business Machines's payout ratio is presently 109.09%.

Analysts Set New Price Targets

Several analysts recently weighed in on IBM shares. Sanford C. Bernstein started coverage on shares of International Business Machines in a report on Monday, September 15th. They issued a "market perform" rating and a $280.00 target price on the stock. Bank of America lowered their target price on shares of 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. Morgan Stanley lifted their price target on International Business Machines from $253.00 to $256.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 15th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $315.00 price objective on shares of International Business Machines in a report on Thursday, October 16th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of International Business Machines in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $289.46.

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.

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