International Business Machines Corporation $IBM Shares Sold by Brown Miller Wealth Management LLC

Brown Miller Wealth Management LLC decreased its position in International Business Machines Corporation (NYSE:IBM) by 2.1% in the 2nd quarter, Holdings Channel reports. The fund owned 12,404 shares of the technology company’s stock after selling 260 shares during the period. International Business Machines accounts for 1.1% of Brown Miller Wealth Management LLC’s holdings, making the stock its 20th biggest holding. Brown Miller Wealth Management LLC’s holdings in International Business Machines were worth $3,657,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in IBM. Family CFO Inc purchased a new position in International Business Machines in the 2nd quarter valued at about $25,000. Christopher J. Hasenberg Inc acquired a new position in shares of International Business Machines in the first quarter worth about $27,000. SSA Swiss Advisors AG purchased a new position in International Business Machines in the first quarter valued at about $28,000. Dagco Inc. acquired a new stake in International Business Machines during the 1st quarter valued at approximately $31,000. Finally, Silicon Valley Capital Partners raised its position in shares of International Business Machines by 322.6% in the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock valued at $32,000 after purchasing an additional 100 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on IBM. BMO Capital Markets raised 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 report on Friday, July 18th. JPMorgan Chase & Co. boosted their target price on shares of International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Bank of America reduced their price target on shares of International Business Machines from $320.00 to $310.00 and set a “buy” rating on the stock in a research report on Thursday, July 24th. Royal Bank Of Canada lifted their price target on International Business Machines from $285.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, July 17th. Finally, Sanford C. Bernstein started coverage on International Business Machines in a research note on Monday, September 15th. They set a “market perform” rating and a $280.00 price objective on the stock. One equities 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $284.62.

International Business Machines Stock Performance

Shares of IBM stock opened at $288.62 on Friday. The company has a market cap of $268.25 billion, a P/E ratio of 46.85, a PEG ratio of 4.44 and a beta of 0.73. The business has a 50 day moving average of $255.18 and a two-hundred day moving average of $259.27. International Business Machines Corporation has a 52 week low of $203.51 and a 52 week high of $296.16. 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, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.65 by $0.15. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The business had revenue of $16.98 billion for the quarter, compared to the consensus estimate of $16.58 billion. During the same quarter last year, the business posted $2.43 EPS. The business’s revenue was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. As a group, analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were given a dividend of $1.68 per share. The ex-dividend date was Friday, August 8th. This represents a $6.72 annualized dividend and a dividend yield of 2.3%. International Business Machines’s dividend payout ratio is currently 109.09%.

International Business Machines Company 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.