International Business Machines Corporation $IBM Shares Sold by IVC Wealth Advisors LLC

IVC Wealth Advisors LLC lessened its stake in shares of International Business Machines Corporation (NYSE:IBM) by 0.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,095 shares of the technology company’s stock after selling 45 shares during the period. International Business Machines accounts for approximately 0.9% of IVC Wealth Advisors LLC’s investment portfolio, making the stock its 24th biggest position. IVC Wealth Advisors LLC’s holdings in International Business Machines were worth $1,797,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Family CFO Inc acquired a new position in shares of International Business Machines during the 2nd quarter worth about $25,000. Christopher J. Hasenberg Inc acquired a new stake in International Business Machines in the 1st quarter valued at about $27,000. SSA Swiss Advisors AG acquired a new stake in International Business Machines in the 1st quarter valued at about $28,000. Highline Wealth Partners LLC raised its holdings in International Business Machines by 85.0% in the 2nd quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock valued at $33,000 after acquiring an additional 51 shares during the last quarter. Finally, Dagco Inc. acquired a new stake in International Business Machines in the 1st quarter valued at about $31,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Performance

International Business Machines stock opened at $288.62 on Friday. The firm has a 50 day simple moving average of $255.18 and a 200-day simple moving average of $259.27. 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. The stock has a market cap of $268.25 billion, a price-to-earnings ratio of 46.85, a price-to-earnings-growth ratio of 4.44 and a beta of 0.73.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.15. The business had revenue of $16.98 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. On average, analysts expect that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were given a dividend of $1.68 per share. The ex-dividend date of this dividend was Friday, August 8th. 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 presently 109.09%.

Analyst Upgrades and Downgrades

A number of research firms have commented on IBM. Erste Group Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Melius Research upgraded shares of International Business Machines to a “strong-buy” rating in a report on Monday, July 7th. UBS Group increased their price objective on shares of International Business Machines from $195.00 to $200.00 and gave the company a “sell” rating in a report on Thursday, July 24th. Wall Street Zen upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Finally, Wedbush increased their price target on shares of International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Friday, June 20th. 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 issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $284.62.

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.