Vermillion Wealth Management Inc. Sells 324 Shares of International Business Machines Corporation $IBM

Vermillion Wealth Management Inc. reduced its stake in shares of International Business Machines Corporation (NYSE:IBM) by 61.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 206 shares of the technology company’s stock after selling 324 shares during the quarter. Vermillion Wealth Management Inc.’s holdings in International Business Machines were worth $61,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Lifestyle Asset Management Inc. lifted its position in International Business Machines by 1.7% in the second quarter. Lifestyle Asset Management Inc. now owns 2,144 shares of the technology company’s stock valued at $632,000 after purchasing an additional 36 shares during the last quarter. Blue Edge Capital LLC raised its holdings in International Business Machines by 0.6% during 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 last quarter. Johnson Bixby & Associates LLC raised its holdings in International Business Machines by 3.3% during the 2nd quarter. Johnson Bixby & Associates LLC now owns 1,208 shares of the technology company’s stock valued at $356,000 after buying an additional 39 shares during the last quarter. Tacita Capital Inc grew its holdings in International Business Machines by 20.8% in the 1st quarter. Tacita Capital Inc now owns 232 shares of the technology company’s stock worth $58,000 after acquiring an additional 40 shares during the last quarter. Finally, Vestia Personal Wealth Advisors grew its holdings in International Business Machines by 3.1% in the 2nd quarter. Vestia Personal Wealth Advisors now owns 1,345 shares of the technology company’s stock worth $396,000 after acquiring an additional 40 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

IBM has been the subject of a number of analyst reports. Wedbush increased their target price on shares of International Business Machines from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, June 20th. Bank of America lowered their price target on International Business Machines from $320.00 to $310.00 and set a “buy” rating for the company in a research report on Thursday, July 24th. The Goldman Sachs Group lifted their price objective on International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Sanford C. Bernstein started coverage on International Business Machines in a report on Monday, September 15th. They set a “market perform” rating and a $280.00 target price for the company. Finally, Wall Street Zen raised International Business Machines from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $275.00.

International Business Machines Price Performance

IBM opened at $284.72 on Monday. The firm has a market cap of $264.62 billion, a PE ratio of 46.22, a P/E/G ratio of 4.38 and a beta of 0.71. The stock has a 50-day moving average price of $254.07 and a 200-day moving average price of $258.11. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year high of $296.16. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share 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 analyst estimates of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. International Business Machines’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the business earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. Sell-side analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were given a $1.68 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 annualized dividend and a yield of 2.4%. International Business Machines’s dividend payout ratio is 109.09%.

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.