International Business Machines Corporation $IBM Shares Sold by Belpointe Asset Management LLC

Belpointe Asset Management LLC reduced its stake in shares of International Business Machines Corporation (NYSE:IBM) by 0.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,043 shares of the technology company’s stock after selling 41 shares during the period. Belpointe Asset Management LLC’s holdings in International Business Machines were worth $1,751,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Blue Edge Capital LLC boosted its holdings 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 valued at $1,685,000 after buying an additional 39 shares during the period. Tacita Capital Inc boosted its holdings in shares of International Business Machines by 20.8% in the 1st quarter. Tacita Capital Inc now owns 232 shares of the technology company’s stock valued at $58,000 after buying an additional 40 shares during the period. Pallas Capital Advisors LLC boosted its holdings in shares of International Business Machines by 0.9% in the 1st quarter. Pallas Capital Advisors LLC now owns 4,805 shares of the technology company’s stock valued at $1,195,000 after buying an additional 42 shares during the period. DMC Group LLC boosted its holdings in shares of International Business Machines by 1.2% in the 1st quarter. DMC Group LLC now owns 3,517 shares of the technology company’s stock valued at $875,000 after buying an additional 42 shares during the period. Finally, Fidato Wealth LLC boosted its holdings in shares of International Business Machines by 2.4% in the 1st quarter. Fidato Wealth LLC now owns 1,824 shares of the technology company’s stock valued at $454,000 after buying an additional 42 shares during the period. 58.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on IBM. Stifel Nicolaus lifted their price target on shares of International Business Machines from $290.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Melius Research raised shares of International Business Machines to a “strong-buy” rating in a report on Monday, July 7th. Bank of America cut 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 report on Thursday, July 24th. The Goldman Sachs Group lifted their price objective on shares of International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Finally, Wedbush lifted their price objective on shares of International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, June 20th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $270.67.

International Business Machines Trading Down 0.8%

Shares of NYSE:IBM opened at $256.96 on Thursday. International Business Machines Corporation has a fifty-two week low of $203.04 and a fifty-two week high of $296.16. The company has a market cap of $238.82 billion, a PE ratio of 41.71, a P/E/G ratio of 3.99 and a beta of 0.71. The company’s 50-day moving average price is $259.04 and its 200 day moving average price is $256.99. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $16.58 billion. During the same period in the previous year, the firm earned $2.43 EPS. International Business Machines’s revenue was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The business 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. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Friday, August 8th. International Business Machines’s payout ratio is 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.