Cohen Investment Advisors LLC Sells 172 Shares of International Business Machines Corporation $IBM

Cohen Investment Advisors LLC decreased its position in International Business Machines Corporation (NYSE:IBM) by 5.8% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,800 shares of the technology company’s stock after selling 172 shares during the quarter. Cohen Investment Advisors LLC’s holdings in International Business Machines were worth $825,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of IBM. Brighton Jones LLC increased its stake in International Business Machines by 12.4% in the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock worth $4,619,000 after purchasing an additional 2,323 shares during the period. Pallas Capital Advisors LLC increased its stake in International Business Machines by 0.9% in the 1st quarter. Pallas Capital Advisors LLC now owns 4,805 shares of the technology company’s stock worth $1,195,000 after purchasing an additional 42 shares during the period. Wealthcare Advisory Partners LLC increased its stake in International Business Machines by 2.3% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 19,030 shares of the technology company’s stock worth $4,732,000 after purchasing an additional 422 shares during the period. GAMMA Investing LLC increased its stake in International Business Machines by 19.3% in the 1st quarter. GAMMA Investing LLC now owns 17,694 shares of the technology company’s stock worth $4,400,000 after purchasing an additional 2,862 shares during the period. Finally, Trueblood Wealth Management LLC increased its stake in International Business Machines by 10.8% in the 1st quarter. Trueblood Wealth Management LLC now owns 3,642 shares of the technology company’s stock worth $906,000 after purchasing an additional 355 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Price Performance

Shares of IBM stock opened at $289.31 on Thursday. The stock has a market cap of $268.88 billion, a price-to-earnings ratio of 46.97, a PEG ratio of 4.52 and a beta of 0.73. The business’s fifty day moving average is $256.92 and its 200 day moving average is $260.14. International Business Machines Corporation has a twelve month low of $203.51 and a twelve month high of $301.04. 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 issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.65 by $0.15. The company had revenue of $16.98 billion for the quarter, compared to analysts’ expectations of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. Research analysts expect that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were issued a $1.68 dividend. This represents a $6.72 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines’s payout ratio is 109.09%.

Analyst Ratings Changes

A number of equities analysts have commented on IBM shares. The Goldman Sachs Group lifted their price target on International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. UBS Group boosted their target price on International Business Machines from $195.00 to $200.00 and gave the company a “sell” rating in a research note on Thursday, July 24th. Melius Research raised International Business Machines to a “strong-buy” rating in a research note on Monday, July 7th. Sanford C. Bernstein assumed coverage on International Business Machines in a research note on Monday, September 15th. They set a “market perform” rating and a $280.00 target price on the stock. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of International Business Machines in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target 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.