International Business Machines Corporation $IBM Stock: Baldwin Wealth Partners LLC MA Reduces Holdings

Key Points

• Baldwin Wealth Partners LLC MA cut its IBM stake by 6.3% in the third quarter, selling 5,149 shares and retaining 76,411 shares valued at approximately $16.8 million. Institutional investors collectively own 58.96% of IBM.
• Analyst sentiment remains mixed: IBM has a consensus rating of “Hold” from MarketBeat, with 18 Buy, 13 Hold, and 2 Sell ratings and an average price target of $252.96.
• IBM reported quarterly earnings of $2.93 per share, matching estimates, while revenue of $17.16 billion fell short of forecasts. The company also maintained a quarterly dividend of $1.69 per share, equivalent to a 3.0% annualized yield.

Baldwin Wealth Partners LLC MA reduced its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 6.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 76,411 shares of the technology company's stock after selling 5,149 shares during the period. International Business Machines makes up approximately 1.1% of Baldwin Wealth Partners LLC MA's investment portfolio, making the stock its 23rd biggest position. Baldwin Wealth Partners LLC MA's holdings in International Business Machines were worth $16,805,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Friday Financial grew its holdings in shares of International Business Machines by 1.9% during the 2nd quarter. Friday Financial now owns 1,903 shares of the technology company's stock worth $583,000 after purchasing an additional 35 shares in the last quarter. Trinity Wealth Management LLC raised its stake in International Business Machines by 2.3% in the second quarter. Trinity Wealth Management LLC now owns 1,695 shares of the technology company's stock valued at $477,000 after purchasing an additional 38 shares in the last quarter. Pettinga Financial Advisors LLC raised its stake in International Business Machines by 3.6% in the second quarter. Pettinga Financial Advisors LLC now owns 1,090 shares of the technology company's stock valued at $307,000 after purchasing an additional 38 shares in the last quarter. HHM Wealth Advisors LLC lifted its position in International Business Machines by 4.6% during the second quarter. HHM Wealth Advisors LLC now owns 928 shares of the technology company's stock worth $261,000 after purchasing an additional 41 shares during the period. Finally, Basecamp Wealth Advisors LLC lifted its position in International Business Machines by 2.8% during the first quarter. Basecamp Wealth Advisors LLC now owns 1,598 shares of the technology company's stock worth $387,000 after purchasing an additional 44 shares during the period. Institutional investors and hedge funds own 58.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group set a $270.00 price objective on shares of International Business Machines and gave the stock a "buy" rating in a research note on Thursday, July 23rd. HSBC cut their price target on shares of International Business Machines from $175.00 to $174.00 in a report on Friday, July 24th. Robert W. Baird initiated coverage on shares of International Business Machines in a research report on Tuesday, July 21st. They set a "neutral" rating and a $230.00 price target on the stock. Wall Street Zen lowered shares of International Business Machines from a "hold" rating to a "sell" rating in a research report on Saturday, September 12th. Finally, Bank of America decreased their price objective on shares of International Business Machines from $330.00 to $280.00 and set a "buy" rating on the stock in a research note on Wednesday, July 15th. Eighteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, International Business Machines currently has a consensus rating of "Hold" and an average price target of $252.96.

Insider Activity

In related news, SVP Robert Thomas sold 25,000 shares of International Business Machines stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $230.32, for a total transaction of $5,758,000.00. Following the sale, the senior vice president directly owned 47,800 shares of the company's stock, valued at approximately $11,009,296. The trade was a 34.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.27% of the company's stock.

International Business Machines Price Performance

Shares of IBM stock opened at $227.12 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 1.63. International Business Machines Corporation has a twelve month low of $199.19 and a twelve month high of $332.46. The company has a market cap of $213.98 billion, a P/E ratio of 20.15, a P/E/G ratio of 2.16 and a beta of 0.73. The business has a fifty day simple moving average of $232.30 and a 200 day simple moving average of $243.84.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The technology company reported $2.93 earnings per share for the quarter, meeting the consensus estimate of $2.93. International Business Machines had a return on equity of 35.65% and a net margin of 15.52%. The business had revenue of $17.16 billion for the quarter, compared to analyst estimates of $17.46 billion. During the same period last year, the firm posted $2.80 earnings per share. International Business Machines's revenue was up 1.1% compared to the same quarter last year. On average, sell-side analysts forecast that International Business Machines Corporation will post 12.33 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 10th were paid a $1.69 dividend. This represents a $6.76 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Monday, August 10th. International Business Machines's dividend payout ratio (DPR) is presently 59.98%.

International Business Machines Company Profile

International Business Machines Corporation NYSE: IBM, commonly known as IBM, is a global technology company that provides hybrid cloud, artificial intelligence, software, consulting and infrastructure solutions. Its offerings help businesses and government organizations manage data, modernize applications, automate processes and improve cybersecurity.

IBM's portfolio includes the Red Hat hybrid cloud platform, the watsonx suite of artificial intelligence and data tools, consulting services, and enterprise software for areas such as automation, application management, security and asset management.

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