International Business Machines Corporation $IBM Shares Sold by The Manufacturers Life Insurance Company

Key Points

• The Manufacturers Life Insurance Company has reduced its stake in International Business Machines Corporation (IBM) by 0.6%, selling 3,216 shares, leaving it with 571,398 shares valued at approximately $142 million.
• IBM recently reported a quarterly earnings per share of $2.80, exceeding analysts' expectations of $2.65, while its revenue increased by 7.7% year-over-year, amounting to $16.98 billion.
• The company announced a quarterly dividend of $1.68 per share, resulting in a yearly payout of $6.72, with a dividend yield of 2.8% despite a high payout ratio of 109.09%.

The Manufacturers Life Insurance Company decreased its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 0.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 571,398 shares of the technology company's stock after selling 3,216 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.06% of International Business Machines worth $142,084,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of IBM. Brighton Jones LLC boosted its holdings in shares of International Business Machines by 12.4% in the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock worth $4,619,000 after purchasing an additional 2,323 shares during the period. South Plains Financial Inc. bought a new stake in shares of International Business Machines during the 4th quarter worth approximately $138,000. Pennington Partners & CO. LLC bought a new stake in shares of International Business Machines during the 4th quarter worth approximately $466,000. Wahed Invest LLC bought a new stake in shares of International Business Machines during the 4th quarter worth approximately $5,105,000. Finally, Gallagher Fiduciary Advisors LLC lifted its stake in shares of International Business Machines by 11.2% during the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 3,782 shares of the technology company's stock worth $831,000 after acquiring an additional 381 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines Stock Down 1.1%

Shares of NYSE IBM traded down $2.56 during mid-day trading on Tuesday, reaching $240.93. 2,250,385 shares of the company were exchanged, compared to its average volume of 4,679,933. 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 stock has a market cap of $223.92 billion, a price-to-earnings ratio of 39.11, a P/E/G ratio of 3.75 and a beta of 0.71. International Business Machines Corporation has a 1 year low of $199.34 and a 1 year high of $296.16. The firm has a 50-day moving average of $264.80 and a 200 day moving average of $257.51.

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

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th will be paid a $1.68 dividend. The ex-dividend date is Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a yield of 2.8%. International Business Machines's dividend payout ratio (DPR) is 109.09%.

Analyst Ratings Changes

A number of brokerages recently issued reports on IBM. Erste Group Bank lowered International Business Machines from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. Citigroup reissued an "outperform" rating on shares of International Business Machines in a research note on Saturday, May 10th. JPMorgan Chase & Co. lifted their target price on International Business Machines from $244.00 to $290.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. BMO Capital Markets lifted their target price on International Business Machines from $260.00 to $300.00 and gave the company a "market perform" rating in a research report on Friday, July 18th. Finally, Stifel Nicolaus lifted their target price on International Business Machines from $290.00 to $310.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $268.75.

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.