Carlton Hofferkamp & Jenks Wealth Management LLC Sells 141 Shares of International Business Machines Corporation $IBM

Carlton Hofferkamp & Jenks Wealth Management LLC lessened its position in International Business Machines Corporation (NYSE:IBM) by 3.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,542 shares of the technology company’s stock after selling 141 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in International Business Machines were worth $1,339,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in International Business Machines by 1.4% in the first quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company’s stock valued at $23,159,637,000 after purchasing an additional 1,298,515 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of International Business Machines by 6.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,636,725 shares of the technology company’s stock worth $2,147,608,000 after acquiring an additional 524,633 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of International Business Machines by 1.0% during the first quarter. Ameriprise Financial Inc. now owns 5,516,240 shares of the technology company’s stock worth $1,371,812,000 after acquiring an additional 52,317 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of International Business Machines by 20.8% during the first quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company’s stock worth $1,282,550,000 after acquiring an additional 889,008 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of International Business Machines by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 5,108,455 shares of the technology company’s stock worth $1,270,022,000 after acquiring an additional 24,790 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

IBM has been the subject of several research reports. Jefferies Financial Group increased their price objective on shares of International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a research report on Tuesday. Morgan Stanley reduced their price target on International Business Machines from $256.00 to $252.00 and set an “equal weight” rating for the company in a research report on Thursday. Wall Street Zen cut International Business Machines from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. The Goldman Sachs Group increased their price target 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. Finally, Erste Group Bank cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. One investment 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 assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $288.00.

International Business Machines Stock Up 8.0%

International Business Machines stock opened at $307.78 on Friday. The stock has a market cap of $286.05 billion, a P/E ratio of 36.82, a P/E/G ratio of 4.35 and a beta of 0.73. The company has a quick ratio of 0.87, a current ratio of 0.93 and a debt-to-equity ratio of 1.97. International Business Machines Corporation has a twelve month low of $203.51 and a twelve month high of $310.75. The company’s 50-day moving average price is $266.21 and its two-hundred day moving average price is $263.57.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.20. The firm had revenue of $16.33 billion for the quarter, compared to analysts’ expectations of $16.10 billion. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The business’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.30 EPS. International Business Machines has set its FY 2025 guidance at EPS. As a group, analysts expect that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be issued a $1.68 dividend. This represents a $6.72 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Monday, November 10th. International Business Machines’s dividend payout ratio (DPR) is currently 80.38%.

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.