Corrado Advisors LLC Decreases Stock Position in International Business Machines Corporation $IBM

Corrado Advisors LLC decreased its position in shares of International Business Machines Corporation (NYSE:IBM) by 2.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,835 shares of the technology company’s stock after selling 283 shares during the period. International Business Machines accounts for about 2.0% of Corrado Advisors LLC’s investment portfolio, making the stock its 6th largest position. Corrado Advisors LLC’s holdings in International Business Machines were worth $3,194,000 at the end of the most recent reporting period.

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

International Business Machines Trading Down 0.1%

IBM stock opened at $312.90 on Wednesday. The firm has a fifty day moving average price of $269.11 and a 200 day moving average price of $265.19. International Business Machines Corporation has a fifty-two week low of $203.51 and a fifty-two week high of $319.35. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.89 and a current ratio of 0.93. The firm has a market cap of $292.47 billion, a PE ratio of 37.43, a price-to-earnings-growth ratio of 4.40 and a beta of 0.73.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.45 by $0.20. The company had revenue of $16.33 billion during the quarter, compared to analyst estimates of $16.10 billion. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. International Business Machines’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.30 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. Sell-side analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be paid a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Monday, November 10th. International Business Machines’s payout ratio is presently 80.38%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on IBM shares. Jefferies Financial Group increased their price objective on shares of International Business Machines from $280.00 to $305.00 and gave the company a “hold” rating in a report on Tuesday, October 21st. Sanford C. Bernstein initiated coverage on shares of International Business Machines in a report on Monday, September 15th. They set a “market perform” rating and a $280.00 price objective for the company. Melius Research raised shares of International Business Machines to a “strong-buy” rating in a report on Monday, July 7th. JPMorgan Chase & Co. raised their target price on shares of International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Finally, Weiss Ratings raised shares of International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $288.00.

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.