International Business Machines Corporation $IBM Shares Sold by Riverview Trust Co

Key Points

• Riverview Trust Co reduced its stake in IBM by 56.1% in Q2, selling 1,008 shares and owning 790 shares valued at $233,000.
• IBM stock recently opened at $286.46, with a market capitalization of $266.23 billion and a PE ratio of 46.50.
• The company reported a quarterly earnings of $2.80 EPS, exceeding analyst expectations, with revenue of $16.98 billion, a 7.7% year-over-year increase.

Riverview Trust Co lowered its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 56.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 790 shares of the technology company's stock after selling 1,008 shares during the quarter. Riverview Trust Co's holdings in International Business Machines were worth $233,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IBM. GQG Partners LLC acquired a new position in International Business Machines during the 1st quarter worth $1,040,057,000. Nuveen LLC acquired a new position in International Business Machines during the 1st quarter worth $960,386,000. Vanguard Group Inc. boosted its position in International Business Machines by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company's stock worth $23,159,637,000 after acquiring an additional 1,298,515 shares during the period. Price T Rowe Associates Inc. MD boosted its position in International Business Machines by 41.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,164,987 shares of the technology company's stock worth $787,007,000 after acquiring an additional 930,448 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in International Business Machines by 20.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company's stock worth $1,282,550,000 after acquiring an additional 889,008 shares during the period. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Stock Up 1.5%

IBM opened at $286.46 on Thursday. 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 has a market capitalization of $266.23 billion, a PE ratio of 46.50, a P/E/G ratio of 4.34 and a beta of 0.73. The stock's fifty day moving average is $254.07 and its 200-day moving average is $258.70. International Business Machines Corporation has a one year low of $203.51 and a one year high of $296.16.

International Business Machines (NYSE:IBM - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.65 by $0.15. The business 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 company's quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. On average, equities analysts predict that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Wedbush boosted their price target on International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a research report on Friday, June 20th. Sanford C. Bernstein assumed coverage on International Business Machines in a research report on Monday, September 15th. They set a "market perform" rating and a $280.00 price target for the company. The Goldman Sachs Group boosted their price target on International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Melius Research raised International Business Machines to a "strong-buy" rating in a research note on Monday, July 7th. Finally, Wall Street Zen raised International Business Machines from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. 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 issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $279.29.

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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