International Business Machines Corporation $IBM Shares Sold by Berkeley Capital Partners LLC

Berkeley Capital Partners LLC decreased its stake in International Business Machines Corporation (NYSE:IBM) by 3.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,634 shares of the technology company’s stock after selling 155 shares during the period. Berkeley Capital Partners LLC’s holdings in International Business Machines were worth $1,366,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. WESPAC Advisors SoCal LLC boosted its stake in International Business Machines by 5.0% during the 2nd quarter. WESPAC Advisors SoCal LLC now owns 7,521 shares of the technology company’s stock worth $2,217,000 after purchasing an additional 359 shares during the period. Journey Advisory Group LLC boosted its stake in International Business Machines by 24.3% during the 2nd quarter. Journey Advisory Group LLC now owns 9,989 shares of the technology company’s stock worth $2,945,000 after purchasing an additional 1,954 shares during the period. Bogart Wealth LLC boosted its stake in International Business Machines by 0.4% during the 2nd quarter. Bogart Wealth LLC now owns 49,772 shares of the technology company’s stock worth $14,672,000 after purchasing an additional 181 shares during the period. Drive Wealth Management LLC boosted its stake in International Business Machines by 16.0% during the 2nd quarter. Drive Wealth Management LLC now owns 2,392 shares of the technology company’s stock worth $705,000 after purchasing an additional 330 shares during the period. Finally, Canvas Wealth Advisors LLC boosted its stake in International Business Machines by 24.8% during the 2nd quarter. Canvas Wealth Advisors LLC now owns 1,585 shares of the technology company’s stock worth $467,000 after purchasing an additional 315 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Up 0.8%

Shares of International Business Machines stock opened at $283.64 on Tuesday. The company has a market cap of $263.61 billion, a P/E ratio of 46.05, a PEG ratio of 4.33 and a beta of 0.73. 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 Corporation has a one year low of $203.51 and a one year high of $301.04. The firm has a fifty day moving average of $262.02 and a two-hundred day moving average of $262.25.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.65 by $0.15. The business had revenue of $16.98 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm posted $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. On average, analysts forecast 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. Stockholders of record on Friday, August 8th were issued a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Friday, August 8th. International Business Machines’s dividend payout ratio (DPR) is currently 109.09%.

Analysts Set New Price Targets

IBM has been the subject of a number of recent research reports. Royal Bank Of Canada reiterated an “outperform” rating and set a $315.00 price target on shares of International Business Machines in a research note on Thursday, October 16th. BMO Capital Markets increased their price target on shares of 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. JPMorgan Chase & Co. increased their price target on shares of International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Morgan Stanley upped their price objective on shares of International Business Machines from $253.00 to $256.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 15th. Finally, Stifel Nicolaus upped their price objective on shares of International Business Machines from $290.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $286.38.

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.