International Business Machines Corporation $IBM Shares Sold by Birmingham Capital Management Co. Inc. AL

Key Points

• Birmingham Capital Management Co. Inc. reduced its position in IBM shares by 27.3% during Q2, now holding 21,014 shares valued at approximately $6.19 million.
• Wall Street analysts have mixed ratings on IBM, with one "Strong Buy," seven "Buy," eight "Hold," and one "Sell," while the consensus price target is set at $286.38.
• IBM recently reported quarterly earnings of $2.80 EPS, exceeding estimates and showing a 7.7% year-over-year revenue increase, with guidance for FY 2025 also set.

Birmingham Capital Management Co. Inc. AL trimmed its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 27.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,014 shares of the technology company's stock after selling 7,904 shares during the quarter. International Business Machines accounts for 2.7% of Birmingham Capital Management Co. Inc. AL's investment portfolio, making the stock its 8th largest holding. Birmingham Capital Management Co. Inc. AL's holdings in International Business Machines were worth $6,194,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of IBM. Family CFO Inc bought a new stake in shares of International Business Machines during the second quarter worth about $25,000. Christopher J. Hasenberg Inc bought a new stake in International Business Machines during the 1st quarter worth approximately $27,000. SSA Swiss Advisors AG purchased a new stake in shares of International Business Machines in the first quarter worth approximately $28,000. Dagco Inc. purchased a new stake in shares of International Business Machines in the first quarter worth approximately $31,000. Finally, Silicon Valley Capital Partners lifted its holdings in shares of International Business Machines by 322.6% in the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company's stock valued at $32,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. 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 report on Thursday, July 24th. Weiss Ratings reiterated a "hold (c+)" rating on shares of International Business Machines in a research note on Wednesday, October 8th. BMO Capital Markets increased their target price on shares of International Business Machines from $260.00 to $300.00 and gave the company a "market perform" rating in a report on Friday, July 18th. Morgan Stanley boosted their price target on shares of International Business Machines from $253.00 to $256.00 and gave the stock an "equal weight" rating in a report on Wednesday. Finally, The Goldman Sachs Group upped their price objective on shares of International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. One equities 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 issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $286.38.

International Business Machines Price Performance

IBM opened at $280.95 on Monday. International Business Machines Corporation has a fifty-two week low of $203.51 and a fifty-two week high of $301.04. The firm has a 50-day moving average of $261.07 and a 200 day moving average of $261.86. 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 firm has a market cap of $261.12 billion, a P/E ratio of 45.61, a PEG ratio of 4.33 and a beta of 0.73.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $16.58 billion. During the same quarter in the previous year, the firm posted $2.43 earnings per share. The company's revenue for the quarter was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. On average, research analysts expect that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were issued a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines's dividend 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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