Schnieders Capital Management LLC Has $10.86 Million Stock Position in International Business Machines Corporation $IBM

Key Points

• Schnieders Capital Management LLC has reduced its stake in IBM by 8.1%, holding 36,842 shares valued at approximately $10.86 million, making it the firm's 14th largest investment.
• IBM reported $2.80 earnings per share for its last quarter, exceeding expectations, with a revenue of $16.98 billion, which is a 7.7% increase compared to the same time last year.
• The company announced a quarterly dividend of $1.68 per share, representing an annualized yield of 2.4%, despite a high dividend payout ratio of 109.09%.

Schnieders Capital Management LLC decreased its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 8.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,842 shares of the technology company's stock after selling 3,241 shares during the period. International Business Machines comprises approximately 1.9% of Schnieders Capital Management LLC's investment portfolio, making the stock its 14th biggest holding. Schnieders Capital Management LLC's holdings in International Business Machines were worth $10,860,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in IBM. GQG Partners LLC acquired a new stake in shares of International Business Machines during the 1st quarter worth about $1,040,057,000. Nuveen LLC bought a new stake in shares of International Business Machines during the first quarter worth approximately $960,386,000. Vanguard Group Inc. grew its position in shares of International Business Machines by 1.4% in the first quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company's stock valued at $23,159,637,000 after purchasing an additional 1,298,515 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in International Business Machines by 41.6% during 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 purchasing an additional 930,448 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in International Business Machines by 20.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company's stock valued at $1,282,550,000 after buying an additional 889,008 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Trading Up 1.8%

Shares of IBM stock opened at $280.95 on Monday. International Business Machines Corporation has a fifty-two week low of $203.51 and a fifty-two week high of $301.04. The stock's fifty day moving average price is $261.07 and its two-hundred day moving average price is $261.86. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91. The company has a market cap of $261.12 billion, a PE ratio of 45.61, a P/E/G ratio of 4.33 and a beta of 0.73.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.15. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The business had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. During the same period last year, the firm posted $2.43 earnings per share. International Business Machines's revenue was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. Equities analysts predict that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were given a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Friday, August 8th. International Business Machines's dividend payout ratio is currently 109.09%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Erste Group Bank cut shares of International Business Machines from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. UBS Group lifted their price target on shares of International Business Machines from $195.00 to $200.00 and gave the company a "sell" rating in a research report on Thursday, July 24th. Weiss Ratings reissued a "hold (c+)" rating on shares of International Business Machines in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price objective on International Business Machines from $244.00 to $290.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Finally, Wall Street Zen cut International Business Machines from a "buy" rating to a "hold" rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, International Business Machines presently has an average rating of "Hold" and an average target price of $286.38.

International Business Machines Company 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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