Callahan Advisors LLC Trims Position in International Business Machines Corporation $IBM

Callahan Advisors LLC lessened its stake in shares of International Business Machines Corporation (NYSE:IBM) by 4.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,917 shares of the technology company’s stock after selling 254 shares during the quarter. Callahan Advisors LLC’s holdings in International Business Machines were worth $1,744,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Family CFO Inc purchased a new position in International Business Machines during the 2nd quarter valued at about $25,000. Christopher J. Hasenberg Inc purchased a new position in International Business Machines during the 1st quarter valued at about $27,000. SSA Swiss Advisors AG purchased a new position in shares of International Business Machines during the first quarter worth about $28,000. Highline Wealth Partners LLC grew its holdings in shares of International Business Machines by 85.0% during the second quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock worth $33,000 after purchasing an additional 51 shares in the last quarter. Finally, Dagco Inc. purchased a new position in shares of International Business Machines during the first quarter worth about $31,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

NYSE:IBM opened at $280.97 on Thursday. The business has a 50 day moving average of $259.77 and a 200 day moving average of $261.25. The company has a market capitalization of $261.13 billion, a price-to-earnings ratio of 45.61, a PEG ratio of 4.25 and a beta of 0.73. International Business Machines Corporation has a 1-year low of $203.51 and a 1-year high of $301.04. 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 earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $2.65 by $0.15. The company had revenue of $16.98 billion during the quarter, compared to the consensus estimate of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.International Business Machines’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. On average, 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 company also recently announced 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 was Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a yield of 2.4%. International Business Machines’s payout ratio is presently 109.09%.

Analyst Upgrades and Downgrades

IBM has been the subject of several recent analyst reports. Erste Group Bank lowered International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Morgan Stanley boosted their price objective on International Business Machines from $253.00 to $256.00 and gave the stock an “equal weight” rating in a report on Wednesday. Bank of America cut their price objective on International Business Machines from $320.00 to $310.00 and set a “buy” rating for the company in a report on Thursday, July 24th. JPMorgan Chase & Co. boosted their price objective on International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Finally, Wall Street Zen raised International Business Machines from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $286.38.

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.