LaFleur & Godfrey LLC Lowers Stake in International Business Machines Corporation $IBM

Key Points

• LaFleur & Godfrey LLC has reduced its stake in International Business Machines Corporation (IBM) by 4.4%, selling 1,313 shares, leaving them with 28,228 shares valued at $8.32 million.
• Analysts have raised their price targets on IBM, with JPMorgan Chase increasing it to $290.00 and Royal Bank of Canada reaching $315.00, indicating strong confidence in the stock.
• IBM recently declared a quarterly dividend of $1.68 per share, resulting in an annualized dividend of $6.72 with a yield of 2.5%, despite a payout ratio of 109.09%.

LaFleur & Godfrey LLC reduced its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 4.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,228 shares of the technology company's stock after selling 1,313 shares during the period. LaFleur & Godfrey LLC's holdings in International Business Machines were worth $8,321,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of IBM. GAMMA Investing LLC raised its stake in shares of International Business Machines by 29,564.2% during the 1st quarter. GAMMA Investing LLC now owns 4,399,790 shares of the technology company's stock worth $10,940,520,000 after purchasing an additional 4,384,958 shares in the last quarter. GQG Partners LLC bought a new position in shares of International Business Machines in the 1st quarter valued at approximately $1,040,057,000. Nuveen LLC bought a new position in shares of International Business Machines in the 1st quarter valued at approximately $960,386,000. Vanguard Group Inc. increased its position in International Business Machines by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company's stock worth $23,159,637,000 after buying an additional 1,298,515 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in International Business Machines by 41.6% in 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 buying an additional 930,448 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Royal Bank Of Canada boosted their price target on International Business Machines from $285.00 to $315.00 and gave the company an "outperform" rating in a research note on Thursday, July 17th. Bank of America dropped their price objective 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. Wall Street Zen raised International Business Machines from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. JPMorgan Chase & Co. raised their price target on International Business Machines from $244.00 to $290.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Finally, The Goldman Sachs Group lifted their price target on International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $275.00.

International Business Machines Price Performance

NYSE IBM traded up $5.47 during trading hours on Monday, reaching $271.87. 5,024,599 shares of the stock traded hands, compared to its average volume of 4,128,385. The company has a market cap of $252.67 billion, a price-to-earnings ratio of 44.13, a price-to-earnings-growth ratio of 4.10 and a beta of 0.71. The stock has a 50 day simple moving average of $254.58 and a two-hundred day simple moving average of $257.38. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year high of $296.16.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, topping analysts' consensus estimates of $2.65 by $0.15. The firm 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 business's revenue for the quarter was up 7.7% compared to the same quarter last year. 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, analysts predict that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were given 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 dividend yield of 2.5%. International Business Machines's dividend payout ratio (DPR) is 109.09%.

International Business Machines 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.