Folger Nolan Fleming Douglas Capital Management Inc. Decreases Stake in International Business Machines Corporation $IBM

Folger Nolan Fleming Douglas Capital Management Inc. lowered its stake in shares of International Business Machines Corporation (NYSE:IBM) by 2.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,870 shares of the technology company’s stock after selling 317 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in International Business Machines were worth $3,499,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of IBM. Family CFO Inc purchased a new stake in shares of International Business Machines during the 2nd quarter worth approximately $25,000. Christopher J. Hasenberg Inc purchased a new stake in shares of International Business Machines during the 1st quarter worth approximately $27,000. SSA Swiss Advisors AG purchased a new stake in shares of International Business Machines during the 1st quarter worth approximately $28,000. Dagco Inc. purchased a new stake in shares of International Business Machines during the 1st quarter worth approximately $31,000. Finally, Silicon Valley Capital Partners lifted its position in shares of International Business Machines by 322.6% during the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on IBM. UBS Group lifted their target price on shares of International Business Machines from $195.00 to $200.00 and gave the company a “sell” rating in a report on Thursday, July 24th. JPMorgan Chase & Co. lifted their target price on shares of International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. BMO Capital Markets lifted their target price on shares of International Business Machines from $260.00 to $300.00 and gave the company a “market perform” rating in a report on Friday, July 18th. Bank of America cut their target price on shares of International Business Machines from $320.00 to $310.00 and set a “buy” rating on the stock in a report on Thursday, July 24th. Finally, Stifel Nicolaus lifted their target price 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. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $284.62.

International Business Machines Price Performance

Shares of NYSE IBM opened at $278.09 on Friday. The firm has a market capitalization of $258.45 billion, a P/E ratio of 45.14, a PEG ratio of 4.44 and a beta of 0.73. International Business Machines Corporation has a one year low of $203.51 and a one year high of $301.04. The company’s fifty day moving average is $258.19 and its two-hundred day moving average is $260.60. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, topping the consensus estimate of $2.65 by $0.15. The company had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The business’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. Analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Friday, August 8th. 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.