Trust Co. of Vermont Has $12.65 Million Stock Position in International Business Machines Corporation $IBM

Key Points

• Trust Co. of Vermont reduced its holdings in International Business Machines Corporation (IBM) by 5.3%, owning 42,928 shares valued at approximately $12.65 million after selling 2,397 shares in the second quarter.
• IBM's recent quarterly earnings exceeded expectations, reporting $2.80 earnings per share against a consensus estimate of $2.65, with a year-over-year revenue increase of 7.7%.
• The company declared a $1.68 quarterly dividend, representing an annualized yield of 2.4%, albeit with a high payout ratio of 109.09%.

Trust Co. of Vermont lowered its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 5.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 42,928 shares of the technology company's stock after selling 2,397 shares during the quarter. Trust Co. of Vermont's holdings in International Business Machines were worth $12,654,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MinichMacGregor Wealth Management LLC bought a new stake in shares of International Business Machines during the first quarter worth about $396,000. Brooklyn Investment Group lifted its stake in International Business Machines by 32.7% in the first quarter. Brooklyn Investment Group now owns 6,622 shares of the technology company's stock valued at $1,647,000 after buying an additional 1,630 shares during the period. Edgar Lomax Co. VA lifted its stake in International Business Machines by 5.7% in the first quarter. Edgar Lomax Co. VA now owns 235,967 shares of the technology company's stock valued at $58,676,000 after buying an additional 12,690 shares during the period. Left Brain Wealth Management LLC raised its position in shares of International Business Machines by 1,547.8% during the first quarter. Left Brain Wealth Management LLC now owns 17,664 shares of the technology company's stock worth $4,392,000 after purchasing an additional 16,592 shares during the period. Finally, Alpha Cubed Investments LLC raised its position in shares of International Business Machines by 47.0% during the first quarter. Alpha Cubed Investments LLC now owns 7,507 shares of the technology company's stock worth $1,867,000 after purchasing an additional 2,399 shares during the period. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Stock Up 0.9%

IBM stock opened at $282.19 on Wednesday. International Business Machines Corporation has a 1-year low of $203.51 and a 1-year high of $296.16. The business has a fifty day moving average price of $253.98 and a 200-day moving average price of $258.50. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. The stock has a market capitalization of $262.27 billion, a P/E ratio of 45.81, a P/E/G ratio of 4.31 and a beta of 0.71.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, topping 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 firm had revenue of $16.98 billion during the quarter, compared to analysts' expectations of $16.58 billion. During the same quarter in the previous year, the business earned $2.43 earnings per share. The company's revenue was up 7.7% 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 fiscal year.

International Business Machines Dividend Announcement

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

Analyst Ratings Changes

A number of research firms recently commented on IBM. Melius Research raised International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. Erste Group Bank downgraded International Business Machines from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. Wall Street Zen upgraded International Business Machines from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Bank of America cut their target price on International Business Machines from $320.00 to $310.00 and set a "buy" rating for the company in a research note on Thursday, July 24th. Finally, BMO Capital Markets raised their price target on International Business Machines from $260.00 to $300.00 and gave the company a "market perform" rating in a report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $275.00.

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.

Want to see what other hedge funds are holding IBM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Business Machines Corporation (NYSE:IBM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.