Stratos Wealth Advisors LLC Trims Stake in International Business Machines Corporation $IBM

Stratos Wealth Advisors LLC lowered its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 90.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,111 shares of the technology company's stock after selling 48,184 shares during the period. Stratos Wealth Advisors LLC's holdings in International Business Machines were worth $1,507,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of IBM. Family CFO Inc bought a new position in shares of International Business Machines in the 2nd quarter worth $25,000. Christopher J. Hasenberg Inc bought a new stake in shares of International Business Machines during the 1st quarter worth $27,000. SSA Swiss Advisors AG purchased a new position in International Business Machines in the first quarter worth $28,000. Highline Wealth Partners LLC increased its stake in International Business Machines by 85.0% in the second quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company's stock valued at $33,000 after acquiring an additional 51 shares during the last quarter. Finally, Dagco Inc. purchased a new stake in International Business Machines during the first quarter valued at about $31,000. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines Trading Up 1.8%

Shares of IBM opened at $280.95 on Friday. The stock has a market capitalization of $261.12 billion, a P/E ratio of 45.61, a PEG ratio of 4.33 and a beta of 0.73. International Business Machines Corporation has a twelve month low of $203.51 and a twelve month high of $301.04. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. The firm has a fifty day simple moving average of $261.07 and a two-hundred day simple moving average of $261.73.

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

International Business Machines Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have recently issued reports on IBM. Weiss Ratings reiterated a "hold (c+)" rating on shares of International Business Machines in a report on Wednesday, October 8th. JPMorgan Chase & Co. upped their target price 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. Wall Street Zen downgraded shares of International Business Machines from a "buy" rating to a "hold" rating in a research note on Saturday. Morgan Stanley boosted their price objective on shares of International Business Machines from $253.00 to $256.00 and gave the stock an "equal weight" rating in a report on Wednesday. Finally, The Goldman Sachs Group increased their target price on shares of International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target 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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