US Bancorp DE Sells 6,859 Shares of International Business Machines Corporation $IBM

US Bancorp DE cut its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 1.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 539,356 shares of the technology company's stock after selling 6,859 shares during the period. US Bancorp DE owned 0.06% of International Business Machines worth $158,992,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Lifestyle Asset Management Inc. lifted its holdings in shares of International Business Machines by 1.7% in the 2nd quarter. Lifestyle Asset Management Inc. now owns 2,144 shares of the technology company's stock valued at $632,000 after buying an additional 36 shares during the period. Whelan Financial lifted its holdings in shares of International Business Machines by 2.4% in the 2nd quarter. Whelan Financial now owns 1,525 shares of the technology company's stock valued at $450,000 after buying an additional 36 shares during the period. Ignite Planners LLC lifted its holdings in shares of International Business Machines by 0.9% in the 2nd quarter. Ignite Planners LLC now owns 3,964 shares of the technology company's stock valued at $1,133,000 after buying an additional 36 shares during the period. Blue Edge Capital LLC lifted its holdings in shares of International Business Machines by 0.6% in the 1st quarter. Blue Edge Capital LLC now owns 6,776 shares of the technology company's stock valued at $1,685,000 after buying an additional 39 shares during the period. Finally, Johnson Bixby & Associates LLC lifted its holdings in shares of International Business Machines by 3.3% in the 2nd quarter. Johnson Bixby & Associates LLC now owns 1,208 shares of the technology company's stock valued at $356,000 after buying an additional 39 shares during the period. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Price Performance

Shares of International Business Machines stock opened at $289.31 on Thursday. The business has a 50 day simple moving average of $256.92 and a two-hundred day simple moving average of $260.14. International Business Machines Corporation has a 12 month low of $203.51 and a 12 month high of $301.04. The stock has a market capitalization of $268.88 billion, a P/E ratio of 46.97, a PEG ratio of 4.52 and a beta of 0.73. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings results 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 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 business's revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. As a group, 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 announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were issued a $1.68 dividend. This represents a $6.72 annualized dividend and a yield of 2.3%. The ex-dividend date was Friday, August 8th. International Business Machines's dividend payout ratio is presently 109.09%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on IBM shares. Weiss Ratings reissued a "hold (c+)" rating on shares of International Business Machines in a report on Wednesday. Royal Bank Of Canada boosted their price objective on International Business Machines from $285.00 to $315.00 and gave the company an "outperform" rating in a report on Thursday, July 17th. Sanford C. Bernstein initiated coverage on International Business Machines in a research report on Monday, September 15th. They set a "market perform" rating and a $280.00 price target on the stock. The Goldman Sachs Group increased their price target on International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Finally, Erste Group Bank downgraded International Business Machines from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $284.62.

About International Business Machines

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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