Venture Visionary Partners LLC Has $3.42 Million Stock Position in International Business Machines Corporation $IBM

Key Points

• Venture Visionary Partners LLC reduced its stock holdings in International Business Machines Corporation by 12.5% during the second quarter, now owning 11,613 shares worth approximately $3.42 million.
• International Business Machines Corporation reported a 7.7% increase in revenue year-over-year, with earnings of $2.80 per share, exceeding analysts' estimates of $2.65.
• The company recently declared a quarterly dividend of $1.68 per share, which yields 2.4%, although the dividend payout ratio is notably high at 109.09%.

Venture Visionary Partners LLC lessened its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 12.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,613 shares of the technology company's stock after selling 1,659 shares during the quarter. Venture Visionary Partners LLC's holdings in International Business Machines were worth $3,424,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Smith Anglin Financial LLC lifted its holdings in International Business Machines by 0.6% in the second quarter. Smith Anglin Financial LLC now owns 9,701 shares of the technology company's stock valued at $2,860,000 after buying an additional 62 shares during the period. Elser Financial Planning Inc bought a new stake in shares of International Business Machines during the 2nd quarter valued at $254,000. Baron Silver Stevens Financial Advisors LLC raised its position in shares of International Business Machines by 30.1% during the 2nd quarter. Baron Silver Stevens Financial Advisors LLC now owns 1,479 shares of the technology company's stock valued at $436,000 after acquiring an additional 342 shares during the last quarter. Wolff Wiese Magana LLC lifted its stake in shares of International Business Machines by 395.8% in the 2nd quarter. Wolff Wiese Magana LLC now owns 2,261 shares of the technology company's stock valued at $666,000 after purchasing an additional 1,805 shares during the period. Finally, New Covenant Trust Company N.A. bought a new position in shares of International Business Machines in the 2nd quarter worth $238,000. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Price Performance

NYSE IBM opened at $280.02 on Tuesday. The business has a 50 day simple moving average of $253.98 and a 200 day simple moving average of $258.34. International Business Machines Corporation has a 52-week low of $203.51 and a 52-week high of $296.16. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91. The stock has a market cap of $260.25 billion, a price-to-earnings ratio of 45.46, a PEG ratio of 4.38 and a beta of 0.71.

International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $16.98 billion during the quarter, compared to analysts' expectations of $16.58 billion. During the same period in the prior year, the business earned $2.43 EPS. International Business Machines's revenue for the quarter was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. Analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

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

Analyst Upgrades and Downgrades

IBM has been the subject of a number of recent analyst reports. Erste Group Bank downgraded International Business Machines from a "buy" rating to a "hold" rating in a report on Thursday, August 14th. BMO Capital Markets boosted their target price on International Business Machines from $260.00 to $300.00 and gave the stock a "market perform" rating in a research report on Friday, July 18th. Royal Bank Of Canada boosted their target price on International Business Machines from $285.00 to $315.00 and gave the stock an "outperform" rating in a research report on Thursday, July 17th. The Goldman Sachs Group increased their target price on shares of International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Finally, UBS Group lifted their price target on shares of International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, International Business Machines has an average 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.

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