Lebenthal Global Advisors LLC Sells 5,699 Shares of International Business Machines Corporation $IBM

Key Points

• Lebenthal Global Advisors cut its IBM stake by 48% in the third quarter, selling 5,699 shares and retaining 6,165 shares valued at approximately $1.36 million. Institutional investors collectively own 58.96% of IBM.
• IBM exceeded quarterly expectations with adjusted EPS of $2.95 and revenue of $17.10 billion, up 4.7% year over year. The company also declared a quarterly dividend of $1.69 per share, representing a 2.6% yield.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $266.12, while IBM’s AI-agent security offerings and improving software momentum support the growth outlook. However, concerns remain about its debt load and long-term dividend sustainability.

Lebenthal Global Advisors LLC reduced its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 48.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,165 shares of the technology company's stock after selling 5,699 shares during the period. Lebenthal Global Advisors LLC's holdings in International Business Machines were worth $1,356,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. raised its position in shares of International Business Machines by 24.8% during the 1st quarter. Assetmark Inc. now owns 64,458 shares of the technology company's stock valued at $15,624,000 after purchasing an additional 12,791 shares during the period. Flputnam Investment Management Co. bought a new position in International Business Machines in the 2nd quarter worth $15,237,000. Beacon Investment Advisory Services Inc. boosted its holdings in International Business Machines by 939.4% in the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 30,495 shares of the technology company's stock worth $8,575,000 after buying an additional 27,561 shares during the period. St. Louis Financial Planners Asset Management LLC boosted its holdings in International Business Machines by 34.6% in the 2nd quarter. St. Louis Financial Planners Asset Management LLC now owns 14,234 shares of the technology company's stock worth $4,121,000 after buying an additional 3,659 shares during the period. Finally, Evercore Wealth Management LLC increased its stake in International Business Machines by 9.0% in the 1st quarter. Evercore Wealth Management LLC now owns 62,801 shares of the technology company's stock worth $15,222,000 after buying an additional 5,196 shares in the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

Key International Business Machines News

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

• Positive Sentiment: IBM introduced new AI-agent security controls that combine HashiCorp Vault, Agent Identity, and watsonx Orchestrate. The tools provide centralized governance, least-privilege access, real-time credential revocation, and sandboxed execution across hybrid-cloud environments, potentially strengthening IBM’s position in enterprise AI security. IBM Debuts AI Agent Security Controls For Hybrid Cloud
• Positive Sentiment: Analysts and commentators highlighted improving momentum in IBM’s software business, including its hybrid-cloud and enterprise infrastructure operations. IBM’s approximately $12 billion in free cash flow may support continued investment and shareholder returns. IBM’s Software Business Is Picking Up Speed
• Neutral Sentiment: Research reports project strong growth in service virtualization, edge computing, configuration-management systems, SMB IT spending, and battery-warranty analytics—markets in which IBM is listed as a participant. The reports indicate long-term addressable-market opportunities but do not represent new contracts or revenue guidance for IBM. Configuration Management Systems Global Strategic Business Report
• Neutral Sentiment: IBM’s opposition to blockchain-based stock trading reflects concerns about tokenized-market structures, but the issue appears unlikely to materially affect near-term financial results. Why Oracle, Intel, and IBM Are Saying No to Blockchain-Based Stock Trading
• Negative Sentiment: Concerns about IBM’s debt load and whether its long record of dividend increases can continue are weighing on the investment case. The stock’s decline during 2026 has made the dividend more attractive, but also highlights balance-sheet and payout sustainability risks. IBM Stock Is Down 13% in 2026. Is Its Dividend Still Safe?

Insiders Place Their Bets

In other International Business Machines news, SVP Robert Thomas sold 25,000 shares of International Business Machines 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 sale, the senior vice president owned 47,800 shares of the company's stock, valued at $11,009,296. The trade was a 34.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.27% of the stock is owned by corporate insiders.

International Business Machines Stock Down 0.2%

IBM opened at $257.80 on Friday. The company has a market capitalization of $243.65 billion, a PE ratio of 21.98, a price-to-earnings-growth ratio of 2.54 and a beta of 0.73. The firm has a 50-day simple moving average of $235.17 and a two-hundred day simple moving average of $249.93. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 1.57. International Business Machines Corporation has a 52 week low of $199.19 and a 52 week high of $332.46.

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

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Tuesday, November 10th will be issued a dividend of $1.69 per share. This represents a $6.76 annualized dividend and a yield of 2.6%. The ex-dividend date is Tuesday, November 10th. International Business Machines's dividend payout ratio (DPR) is currently 57.63%.

Analysts Set New Price Targets

A number of research firms have commented on IBM. Susquehanna raised their price target on International Business Machines from $235.00 to $256.00 and gave the company a "neutral" rating in a report on Wednesday, October 21st. Bank of America dropped their price objective on International Business Machines from $330.00 to $280.00 and set a "buy" rating for the company in a research note on Wednesday, July 15th. Robert W. Baird increased their target price on International Business Machines from $230.00 to $260.00 and gave the stock a "neutral" rating in a research report on Thursday, October 22nd. Daiwa Securities Group cut their target price on International Business Machines from $247.00 to $217.00 and set a "neutral" rating for the company in a research report on Wednesday, July 29th. Finally, Argus decreased 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. Nineteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, 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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