TFB Advisors LLC Cuts Stock Position in International Business Machines Corporation $IBM

TFB Advisors LLC lessened its stake in shares of International Business Machines Corporation (NYSE:IBM) by 16.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 912 shares of the technology company’s stock after selling 186 shares during the quarter. TFB Advisors LLC’s holdings in International Business Machines were worth $269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the stock. Phillips Financial Management LLC purchased a new stake in shares of International Business Machines during the second quarter worth approximately $209,000. Jacobsen Capital Management raised its position in International Business Machines by 18.2% in the second quarter. Jacobsen Capital Management now owns 1,795 shares of the technology company’s stock worth $529,000 after acquiring an additional 276 shares in the last quarter. Gables Capital Management Inc. raised its position in International Business Machines by 33.3% in the second quarter. Gables Capital Management Inc. now owns 200 shares of the technology company’s stock worth $59,000 after acquiring an additional 50 shares in the last quarter. Cullen Frost Bankers Inc. raised its position in International Business Machines by 0.4% in the second quarter. Cullen Frost Bankers Inc. now owns 85,629 shares of the technology company’s stock worth $25,242,000 after acquiring an additional 370 shares in the last quarter. Finally, Advantage Trust Co raised its position in International Business Machines by 300.0% in the second quarter. Advantage Trust Co now owns 1,200 shares of the technology company’s stock worth $354,000 after acquiring an additional 900 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Up 2.0%

Shares of IBM stock opened at $287.57 on Thursday. International Business Machines Corporation has a fifty-two week low of $203.51 and a fifty-two week high of $301.04. The stock has a market cap of $267.27 billion, a P/E ratio of 46.68, a P/E/G ratio of 4.34 and a beta of 0.73. The business has a fifty day simple moving average of $263.92 and a 200-day simple moving average of $262.56. 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 announced its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.22. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.During the same period in the previous year, the company earned $2.30 earnings per share. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. 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 fiscal year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be given a $1.68 dividend. The ex-dividend date is Monday, November 10th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.3%. International Business Machines’s dividend payout ratio (DPR) is currently 109.09%.

Wall Street Analyst Weigh In

IBM has been the subject of several research analyst reports. Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. Jefferies Financial Group increased their price objective on International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. increased their price objective on International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $315.00 price objective on shares of International Business Machines in a research report on Thursday, October 16th. Finally, Melius Research upgraded International Business Machines to a “strong-buy” rating in a research report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, International Business Machines has a consensus rating of “Hold” and an average price target of $289.08.

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.