Representative Matthew Robert Van Epps (Republican-Tennessee) recently sold shares of International Business Machines Corporation (NYSE:IBM). In a filing disclosed on June 17th, the Representative disclosed that they had sold between $1,001 and $15,000 in International Business Machines stock on June 16th. The trade occurred in the Representative’s “SCHWAB ONE ACCOUNT” account.
Representative Matthew Robert Van Epps also recently made the following trade(s):
- Sold $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 6/16/2026.
- Sold $1,001 – $15,000 in shares of Southwest Airlines (NYSE:LUV) on 6/16/2026.
- Sold $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 6/16/2026.
- Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 6/16/2026.
- Sold $15,001 – $50,000 in shares of Tapestry (NYSE:TPR) on 6/16/2026.
- Sold $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 6/16/2026.
- Sold $1,001 – $15,000 in shares of Apple (NASDAQ:AAPL) on 6/16/2026.
- Sold $1,001 – $15,000 in shares of ExxonMobil (NYSE:XOM) on 6/16/2026.
- Sold $1,001 – $15,000 in shares of GE Aerospace (NYSE:GE) on 6/16/2026.
- Sold $1,001 – $15,000 in shares of GE Vernova (NYSE:GEV) on 6/16/2026.
International Business Machines Price Performance
NYSE:IBM traded down $5.15 during trading hours on Thursday, reaching $257.81. 5,421,432 shares of the company were exchanged, compared to its average volume of 7,261,514. The stock’s 50-day moving average is $252.95 and its 200-day moving average is $267.58. International Business Machines Corporation has a twelve month low of $212.34 and a twelve month high of $332.46. The firm has a market cap of $242.31 billion, a PE ratio of 22.73, a price-to-earnings-growth ratio of 2.74 and a beta of 0.67. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 1.75.
International Business Machines Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were issued a $1.69 dividend. This represents a $6.76 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Friday, May 8th. This is a boost from International Business Machines’s previous quarterly dividend of $1.68. International Business Machines’s payout ratio is presently 59.77%.
Analysts Set New Price Targets
IBM has been the subject of a number of research analyst reports. Susquehanna began coverage on International Business Machines in a report on Tuesday. They set a “neutral” rating for the company. BMO Capital Markets reduced their price objective on International Business Machines from $290.00 to $270.00 and set a “market perform” rating for the company in a research note on Thursday, April 23rd. Roth Mkm restated a “buy” rating on shares of International Business Machines in a report on Wednesday, June 3rd. Wedbush set a $350.00 target price on shares of International Business Machines in a report on Tuesday, June 2nd. Finally, Needham & Company LLC began coverage on shares of International Business Machines in a research report on Wednesday, June 3rd. They issued a “buy” rating for the company. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $306.94.
Check Out Our Latest Stock Report on International Business Machines
Hedge Funds Weigh In On International Business Machines
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of International Business Machines by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 97,216,131 shares of the technology company’s stock valued at $28,796,390,000 after purchasing an additional 1,439,824 shares during the period. State Street Corp boosted its holdings in International Business Machines by 1.0% in the 4th quarter. State Street Corp now owns 54,996,293 shares of the technology company’s stock valued at $16,290,452,000 after purchasing an additional 518,321 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of International Business Machines by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 22,605,083 shares of the technology company’s stock valued at $6,679,105,000 after buying an additional 336,069 shares during the period. Capital World Investors increased its holdings in shares of International Business Machines by 29.2% during the 4th quarter. Capital World Investors now owns 22,021,912 shares of the technology company’s stock worth $6,523,720,000 after buying an additional 4,976,756 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in International Business Machines by 7.0% in the first quarter. Bank of America Corp DE now owns 16,063,653 shares of the technology company’s stock valued at $3,893,669,000 after acquiring an additional 1,049,602 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.
Key International Business Machines News
Here are the key news stories impacting International Business Machines this week:
- Positive Sentiment: IBM unveiled what it says is the world’s first sub-1 nanometer chip technology, a breakthrough that could improve chip speed and efficiency and strengthen the company’s position in AI infrastructure. Reuters article
- Positive Sentiment: Wall Street sentiment remains upbeat after JPMorgan upgraded IBM, citing improving software growth and better prospects for AI-related revenue. Yahoo Finance article
- Positive Sentiment: IBM’s partnership with OpenAI on cybersecurity is also supporting the stock, with investors viewing it as another way the company can monetize enterprise AI demand. Barchart article
- Neutral Sentiment: Market chatter around IBM’s growing role in quantum computing and federal support for the sector is adding to the bullish narrative, though this is more long-term than immediate earnings impact. MarketBeat article
- Negative Sentiment: Some reports note that IBM’s chip breakthrough is still years from commercial production, which may temper enthusiasm and limit how much near-term financial impact investors assign to the news. Blockonomi article
About Representative Van Epps
Matthew Robert Van Epps (born March 29, 1983) is an American politician and former Army officer serving as the U.S representative for Tennessee’s 7th congressional district since December 2025. A member of the Republican Party, he was elected in the 2025 special election. He previously served as the commissioner of the Tennessee Department of General Services from 2024 to 2025. He was sworn in on December 4, 2025.
About International Business Machines
International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.
IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.
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