International Business Machines Corporation $IBM Stock Position Trimmed by Sterling Investment Counsel LLC

Sterling Investment Counsel LLC cut its position in International Business Machines Corporation (NYSE:IBM) by 40.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,623 shares of the technology company’s stock after selling 1,118 shares during the quarter. Sterling Investment Counsel LLC’s holdings in International Business Machines were worth $478,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Family CFO Inc acquired a new position in International Business Machines during the 2nd quarter valued at about $25,000. Christopher J. Hasenberg Inc acquired a new position in International Business Machines during the 1st quarter valued at about $27,000. SSA Swiss Advisors AG acquired a new position in International Business Machines during the 1st quarter valued at about $28,000. Dagco Inc. acquired a new position in International Business Machines during the 1st quarter valued at about $31,000. Finally, Silicon Valley Capital Partners increased its stake in International Business Machines by 322.6% during the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock valued at $32,000 after buying an additional 100 shares during the period. 58.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. JPMorgan Chase & Co. raised their target price on shares of International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. The Goldman Sachs Group raised their target price on shares of International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. UBS Group raised their target price on shares of International Business Machines from $195.00 to $200.00 and gave the company a “sell” rating in a research note on Thursday, July 24th. Sanford C. Bernstein assumed coverage on shares of International Business Machines in a research note on Monday, September 15th. They set a “market perform” rating and a $280.00 target price on the stock. Finally, Bank of America lowered their price objective on shares of International Business Machines from $320.00 to $310.00 and set a “buy” rating on the stock in a research note on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, International Business Machines currently has an average rating of “Moderate Buy” and an average price target of $284.62.

International Business Machines Stock Performance

Shares of IBM opened at $287.05 on Friday. The firm’s 50 day moving average is $254.60 and its 200-day moving average is $258.93. The stock has a market capitalization of $266.78 billion, a P/E ratio of 46.60, a P/E/G ratio of 4.41 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 12-month low of $203.51 and a 12-month high of $296.16.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.65 by $0.15. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The company had revenue of $16.98 billion for the quarter, compared to analysts’ expectations of $16.58 billion. During the same quarter in the previous year, the company posted $2.43 EPS. The business’s revenue was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. Equities research analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company 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 dividend yield of 2.3%. The ex-dividend date was Friday, August 8th. International Business Machines’s dividend payout ratio (DPR) is presently 109.09%.

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.