International Business Machines Corporation $IBM Shares Sold by Wallace Advisory Group LLC

Key Points

• Wallace Advisory Group LLC reduced its holdings in IBM by 60.3%, selling 2,227 shares, and now owns 1,468 shares worth approximately $433,000.
• IBM's stock was reported at $283.64 with a market cap of $263.61 billion and a P/E ratio of 46.05, indicating a solid market presence despite varied analyst ratings.
• The company recently announced a quarterly dividend of $1.68 per share, resulting in an annual yield of 2.4%, although its dividend payout ratio is currently high at 109.09%.

Wallace Advisory Group LLC trimmed its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 60.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,468 shares of the technology company's stock after selling 2,227 shares during the quarter. Wallace Advisory Group LLC's holdings in International Business Machines were worth $433,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Family CFO Inc acquired a new stake in shares of International Business Machines during the second quarter worth about $25,000. Christopher J. Hasenberg Inc acquired a new stake in shares of International Business Machines during the first quarter worth about $27,000. SSA Swiss Advisors AG acquired a new stake in shares of International Business Machines during the first quarter worth about $28,000. Dagco Inc. acquired a new stake in shares of International Business Machines during the first quarter worth about $31,000. Finally, Silicon Valley Capital Partners lifted its position in shares of International Business Machines by 322.6% during 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 hedge funds and other institutional investors.

International Business Machines Stock Up 0.8%

IBM stock opened at $283.64 on Tuesday. 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 $301.04. The company's 50 day moving average is $262.02 and its two-hundred day moving average is $262.25. The stock has a market cap of $263.61 billion, a P/E ratio of 46.05, a PEG ratio of 4.33 and a beta of 0.73.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, topping 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 company had revenue of $16.98 billion for the quarter, compared to analysts' expectations of $16.58 billion. During the same quarter last year, the company earned $2.43 earnings per share. The firm'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. Research analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business 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. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a yield of 2.4%. International Business Machines's dividend payout ratio (DPR) is presently 109.09%.

Analysts Set New Price Targets

IBM has been the topic of several research reports. Jefferies Financial Group reissued a "hold" rating on shares of International Business Machines in a research report on Tuesday. UBS Group raised their target price on shares of International Business Machines from $195.00 to $200.00 and gave the company a "sell" rating in a report on Thursday, July 24th. Stifel Nicolaus raised their target price on shares of International Business Machines from $290.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. 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. Finally, Bank of America reduced their target price on shares of International Business Machines from $320.00 to $310.00 and set a "buy" rating on the stock in a report on Thursday, July 24th. One research 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 stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $286.38.

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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