International Business Machines Corporation $IBM Shares Sold by Altus Wealth Group LLC

Altus Wealth Group LLC reduced its position in International Business Machines Corporation (NYSE:IBM) by 3.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,393 shares of the technology company’s stock after selling 47 shares during the quarter. Altus Wealth Group LLC’s holdings in International Business Machines were worth $411,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. GQG Partners LLC purchased a new position in International Business Machines during the 1st quarter valued at about $1,040,057,000. Nuveen LLC purchased a new position in shares of International Business Machines in the 1st quarter valued at about $960,386,000. Vanguard Group Inc. raised its position in shares of International Business Machines by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company’s stock worth $23,159,637,000 after acquiring an additional 1,298,515 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of International Business Machines by 41.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,164,987 shares of the technology company’s stock worth $787,007,000 after acquiring an additional 930,448 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of International Business Machines by 20.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company’s stock worth $1,282,550,000 after acquiring an additional 889,008 shares in the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Stock Up 1.8%

IBM opened at $280.95 on Monday. International Business Machines Corporation has a 12 month low of $203.51 and a 12 month 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. The stock has a market cap of $261.12 billion, a P/E ratio of 45.61, a P/E/G ratio of 4.33 and a beta of 0.73. The stock’s 50 day moving average price is $261.07 and its 200 day moving average price is $261.86.

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

International Business Machines Announces Dividend

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

Analyst Ratings Changes

Several research analysts have weighed in on IBM shares. Erste Group Bank downgraded International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. Royal Bank Of Canada reiterated an “outperform” rating and set a $315.00 target price on shares of International Business Machines in a research report on Thursday. Melius Research raised International Business Machines to a “strong-buy” rating in a research note on Monday, July 7th. Bank of America cut their target price on shares of International Business Machines from $320.00 to $310.00 and set a “buy” rating for the company in a research note on Thursday, July 24th. Finally, Wall Street Zen lowered International Business Machines from a “buy” rating to a “hold” rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned 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 company has a consensus rating of “Hold” and an average price target of $286.38.

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.