Wealthstream Advisors Inc. Sells 1,433 Shares of International Business Machines Corporation $IBM

Key Points

• Wealthstream Advisors Inc. cut its stake in International Business Machines Corporation (IBM) by 49.6%, selling 1,433 shares during the second quarter, leaving them with 1,454 shares worth approximately $428,000.
• In recent analyst reports, JPMorgan Chase & Co. raised their price target for IBM from $244.00 to $290.00, while Royal Bank of Canada set a target of $315.00, reflecting a generally positive outlook among analysts.
• IBM recently announced a quarterly dividend of $1.68 per share with a yield of 2.4%, but its current payout ratio stands at a high 109.09%.

Wealthstream Advisors Inc. lessened its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 49.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,454 shares of the technology company's stock after selling 1,433 shares during the period. Wealthstream Advisors Inc.'s holdings in International Business Machines were worth $428,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Family CFO Inc purchased a new position in shares of International Business Machines during the 2nd quarter valued at $25,000. Christopher J. Hasenberg Inc purchased a new position in shares of International Business Machines during the 1st quarter valued at $27,000. SSA Swiss Advisors AG purchased a new position in shares of International Business Machines during the 1st quarter valued at $28,000. Highline Wealth Partners LLC lifted its position in shares of International Business Machines by 85.0% during the 2nd quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company's stock valued at $33,000 after buying an additional 51 shares during the last quarter. Finally, Dagco Inc. purchased a new position in shares of International Business Machines during the 1st quarter valued at $31,000. Hedge funds and other institutional investors own 58.96% of the company's stock.

Analyst Upgrades and Downgrades

IBM has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on International Business Machines from $244.00 to $290.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Royal Bank Of Canada reiterated an "outperform" rating and set a $315.00 price target on shares of International Business Machines in a research report on Thursday. UBS Group increased their price objective on International Business Machines from $195.00 to $200.00 and gave the company a "sell" rating in a research report on Thursday, July 24th. 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. Finally, Morgan Stanley raised their price target on International Business Machines from $253.00 to $256.00 and gave the stock an "equal weight" rating in a research report on Wednesday. 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 issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $286.38.

International Business Machines Trading Up 1.8%

IBM opened at $280.95 on Friday. The stock has a market cap of $261.12 billion, a PE ratio of 45.61, a PEG ratio of 4.33 and a beta of 0.73. 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 business has a 50 day moving average of $261.07 and a 200-day moving average of $261.73. International Business Machines Corporation has a 52 week low of $203.51 and a 52 week high of $301.04.

International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, beating analysts' consensus estimates of $2.65 by $0.15. The company 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 revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. Equities research analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

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

International Business Machines 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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