Wilmington Savings Fund Society FSB Sells 6,556 Shares of International Business Machines Corporation $IBM

Key Points

• Wilmington Savings Fund Society FSB reduced its stake in International Business Machines Corporation (IBM) by 7.6%, selling 6,556 shares and leaving it with 79,496 shares valued at approximately $23.4 million.
• Wall Street analysts have shown increased optimism for IBM, with several firms raising their price targets, with estimates reaching as high as $310.
• IBM recently declared a quarterly dividend of $1.68 per share, resulting in an annualized dividend yield of 2.4%, but its payout ratio stands at 109.09%.

Wilmington Savings Fund Society FSB lowered its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 7.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 79,496 shares of the technology company's stock after selling 6,556 shares during the period. Wilmington Savings Fund Society FSB's holdings in International Business Machines were worth $23,434,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Lifestyle Asset Management Inc. raised its position 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 worth $632,000 after acquiring an additional 36 shares in the last quarter. Whelan Financial grew its stake 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 worth $450,000 after buying an additional 36 shares during the last quarter. Ignite Planners LLC grew its stake 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 worth $1,133,000 after buying an additional 36 shares during the last quarter. Blue Edge Capital LLC grew its stake 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 worth $1,685,000 after buying an additional 39 shares during the last quarter. Finally, Johnson Bixby & Associates LLC grew its stake 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 worth $356,000 after buying an additional 39 shares during the last quarter. Institutional investors own 58.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on IBM shares. BMO Capital Markets upped their price target on International Business Machines from $260.00 to $300.00 and gave the stock a "market perform" rating in a research note on Friday, July 18th. Wall Street Zen upgraded International Business Machines from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Stifel Nicolaus increased their target price on International Business Machines from $290.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. The Goldman Sachs Group increased their target price on International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. increased their target price on International Business Machines from $244.00 to $290.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $284.62.

International Business Machines Price Performance

NYSE IBM opened at $277.21 on Tuesday. The business's fifty day moving average price is $258.69 and its 200-day moving average price is $261.01. The stock has a market capitalization of $257.64 billion, a price-to-earnings ratio of 45.00, a PEG ratio of 4.28 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 Corporation has a 1-year low of $203.51 and a 1-year high of $301.04.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.15. The firm had revenue of $16.98 billion for 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 company's revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. On average, equities analysts predict 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 was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were issued a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines's dividend payout ratio is presently 109.09%.

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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