The Manufacturers Life Insurance Company Reduces Stake in International Business Machines Corporation $IBM

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 lessened its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 0.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 approximately 0.06% of International Business Machines worth $142,084,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in IBM. Brighton Jones LLC lifted its stake 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 valued at $4,619,000 after purchasing an additional 2,323 shares during the period. South Plains Financial Inc. purchased a new position in shares of International Business Machines in the 4th quarter valued at approximately $138,000. Pennington Partners & CO. LLC purchased a new position in shares of International Business Machines in the 4th quarter valued at approximately $466,000. Wahed Invest LLC purchased a new position in shares of International Business Machines in the 4th quarter valued at approximately $5,105,000. Finally, Gallagher Fiduciary Advisors LLC increased its position in 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 valued at $831,000 after buying an additional 381 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on IBM. Stifel Nicolaus increased their target price on International Business Machines from $290.00 to $310.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Royal Bank Of Canada raised their price target on International Business Machines from $285.00 to $315.00 and gave the company an "outperform" rating in a report on Thursday, July 17th. The Goldman Sachs Group raised their price target on International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Bank of America reduced their price target on International Business Machines from $320.00 to $310.00 and set a "buy" rating for the company in a report on Thursday, July 24th. Finally, Wedbush raised their price target on International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a report on Friday, June 20th. One investment 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 issued a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $268.75.

International Business Machines Stock Up 0.2%

Shares of International Business Machines stock traded up $0.58 on Wednesday, reaching $242.08. The company's stock had a trading volume of 899,923 shares, compared to its average volume of 4,665,022. The company has a market capitalization of $224.99 billion, a price-to-earnings ratio of 39.31, a P/E/G ratio of 3.75 and a beta of 0.71. The firm's fifty day simple moving average is $263.75 and its two-hundred day simple moving average is $257.40. International Business Machines Corporation has a 52 week low of $199.34 and a 52 week high of $296.16. 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 posted its earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, topping analysts' consensus estimates of $2.65 by $0.15. The business had revenue of $16.98 billion during the quarter, compared to analyst estimates of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The company's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. Equities analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

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

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.