Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Reduces Holdings in International Business Machines Corporation $IBM

Key Points

• Loring Wolcott & Coolidge Fiduciary Advisors LLP reduced its holdings in International Business Machines Corporation (IBM) by 6.4%, now owning 13,571 shares valued at approximately $4 million.
• IBM recently announced a quarterly dividend of $1.68 per share, with a dividend yield of 2.3%, while its payout ratio stands at 109.09%.
• IBM's latest earnings report revealed an EPS of $2.65, exceeding estimates, and a revenue of $16.33 billion, marking a 9.1% year-over-year increase.

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA trimmed its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 6.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,571 shares of the technology company's stock after selling 926 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's holdings in International Business Machines were worth $4,000,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in IBM. GQG Partners LLC purchased a new stake in shares of International Business Machines during the first quarter worth approximately $1,040,057,000. Nuveen LLC acquired a new position in International Business Machines during the first quarter worth $960,386,000. Vanguard Group Inc. boosted its stake in International Business Machines by 1.4% during the first 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 last quarter. Price T Rowe Associates Inc. MD boosted its stake in International Business Machines by 41.6% during the first 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 last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in International Business Machines by 20.8% during the first quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company's stock worth $1,282,550,000 after buying an additional 889,008 shares during the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Stock Performance

Shares of International Business Machines stock opened at $287.57 on Thursday. International Business Machines Corporation has a 52 week low of $203.51 and a 52 week high of $301.04. The business's fifty day simple moving average is $263.92 and its 200-day simple moving average is $262.56. The firm has a market cap of $267.27 billion, a PE ratio of 46.68, a price-to-earnings-growth ratio of 4.34 and a beta of 0.73. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.45 by $0.20. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The business had revenue of $16.33 billion for the quarter, compared to analyst estimates of $16.10 billion. During the same quarter in the prior year, the company posted $2.30 EPS. The company's quarterly revenue was up 9.1% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. Equities analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be paid a dividend of $1.68 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $6.72 annualized dividend and a yield of 2.3%. International Business Machines's dividend payout ratio is presently 109.09%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on IBM shares. Royal Bank Of Canada reissued an "outperform" rating and set a $315.00 price objective on shares of International Business Machines in a research note on Thursday, October 16th. Weiss Ratings reissued a "hold (c+)" rating on shares of International Business Machines in a research note on Wednesday, October 8th. Sanford C. Bernstein started coverage on International Business Machines in a research note on Monday, September 15th. They set a "market perform" rating and a $280.00 price objective on the stock. JPMorgan Chase & Co. boosted their price objective on International Business Machines from $244.00 to $290.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Finally, Melius Research raised International Business Machines to a "strong-buy" rating in a research note on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $289.46.

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.

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