International Business Machines Corporation $IBM Stock: Kelleher Financial Advisors Decreases Holdings

Key Points

• Kelleher Financial Advisors cut its IBM stake by 99.5% in the third quarter, selling 504,297 shares and retaining 2,343 shares valued at about $515,000.
• IBM reported quarterly earnings of $2.95 per share, beating analysts’ $2.85 estimate, while revenue of $17.10 billion also topped expectations and rose 4.7% year over year.
• Analysts’ consensus rating was “Moderate Buy,” with an average price target of $266.12; IBM also announced a quarterly dividend of $1.69 per share.

Kelleher Financial Advisors cut its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 99.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,343 shares of the technology company's stock after selling 504,297 shares during the quarter. Kelleher Financial Advisors' holdings in International Business Machines were worth $515,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Friday Financial grew its stake in International Business Machines by 1.9% in the 2nd quarter. Friday Financial now owns 1,903 shares of the technology company's stock valued at $583,000 after buying an additional 35 shares during the last quarter. Trinity Wealth Management LLC raised its holdings in International Business Machines by 2.3% in the 2nd quarter. Trinity Wealth Management LLC now owns 1,695 shares of the technology company's stock valued at $477,000 after acquiring an additional 38 shares during the period. Pettinga Financial Advisors LLC raised its holdings in International Business Machines by 3.6% in the 2nd quarter. Pettinga Financial Advisors LLC now owns 1,090 shares of the technology company's stock valued at $307,000 after acquiring an additional 38 shares during the period. 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 acquiring an additional 41 shares during the last quarter. Finally, CKW Financial Group lifted its position in International Business Machines by 2.1% during the third quarter. CKW Financial Group now owns 2,024 shares of the technology company's stock worth $457,000 after acquiring an additional 41 shares during the last quarter. 58.96% of the stock is owned by institutional investors.

Trending Headlines about International Business Machines

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: IBM hardware was used in a quantum-encryption trial with Quantum X Labs, demonstrating a potential commercial use for its Heron r2 processor in securing sensitive communications. This could help showcase IBM’s quantum infrastructure beyond research. International Business Machines Puts Quantum Encryption To Work On Heron R2
• Positive Sentiment: A separate report highlighted IBM’s AI agent, security and infrastructure launches, along with its renewal as the U.S. Open’s AI and cloud partner through 2031. These offerings and the partnership may reinforce IBM’s positioning in enterprise AI and cloud services. How Investors Are Reacting To IBM AI Product Launches
• Neutral Sentiment: Coverage noted that IBM’s shares had fallen 18.5% over the past year amid AI-disruption worries, margin pressure and stiff competition. Hybrid-cloud demand and rising earnings estimates were cited as potential offsets, leaving the outlook mixed. IBM Plummets 18.5% in the Past Year: Time to Reassess the Stock?
• Negative Sentiment: A comparison with Salesforce characterized IBM’s sales growth as slower and revenue as more volatile, which could weigh on investor confidence in the consistency of its expansion. Salesforce vs. IBM: Comparing Consistent Revenue Expansion Against Slow Sales Growth

Insider Buying and Selling at International Business Machines

In related news, SVP Robert Thomas sold 25,000 shares of the business's stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $230.32, for a total value of $5,758,000.00. Following the completion of the sale, the senior vice president directly owned 47,800 shares in the company, valued at approximately $11,009,296. The trade was a 34.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.27% of the company's stock.

International Business Machines Trading Up 1.8%

IBM stock opened at $254.50 on Thursday. International Business Machines Corporation has a 52 week low of $199.19 and a 52 week high of $332.46. The company has a market capitalization of $240.53 billion, a PE ratio of 21.70, a price-to-earnings-growth ratio of 2.46 and a beta of 0.78. The company's 50-day simple moving average is $236.29 and its 200 day simple moving average is $249.17. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.80 and a current ratio of 0.85.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings data on Wednesday, October 21st. The technology company reported $2.95 earnings per share for the quarter, topping the consensus estimate of $2.85 by $0.10. The business had revenue of $17.10 billion during the quarter, compared to analysts' expectations of $16.82 billion. International Business Machines had a net margin of 15.99% and a return on equity of 34.37%. The business's revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.65 EPS. As a group, sell-side analysts anticipate that International Business Machines Corporation will post 12.41 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Tuesday, November 10th will be issued a dividend of $1.69 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $6.76 annualized dividend and a dividend yield of 2.7%. International Business Machines's dividend payout ratio (DPR) is currently 57.63%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on IBM shares. Citic Securities boosted their price objective on International Business Machines from $294.00 to $297.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. Argus lowered their target price on International Business Machines from $360.00 to $280.00 and set a "buy" rating on the stock in a research note on Thursday, July 16th. BMO Capital Markets lifted their price target on International Business Machines from $230.00 to $265.00 and gave the stock a "market perform" rating in a report on Thursday, October 22nd. Weiss Ratings cut International Business Machines from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, October 29th. Finally, Barclays boosted their price target on International Business Machines from $262.00 to $277.00 and gave the company an "overweight" rating in a research note on Thursday, October 22nd. Nineteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $266.12.

International Business Machines Company Profile

International Business Machines Corporation NYSE: IBM, commonly known as IBM, is a global technology and consulting company that helps organizations modernize their information technology and business operations. Its offerings include hybrid cloud solutions, artificial intelligence software and services, enterprise software, IT infrastructure, cybersecurity, data analytics, and technology consulting.

IBM provides products and services to businesses, governments, and other institutions across industries and regions worldwide.

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