MeadowBrook Investment Advisors LLC Lowers Position in International Business Machines Corporation $IBM

MeadowBrook Investment Advisors LLC reduced its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 13.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,236 shares of the technology company’s stock after selling 200 shares during the quarter. MeadowBrook Investment Advisors LLC’s holdings in International Business Machines were worth $364,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Assetmark Inc. grew its stake in International Business Machines by 9.0% during the second quarter. Assetmark Inc. now owns 46,896 shares of the technology company’s stock worth $13,824,000 after buying an additional 3,888 shares during the period. HBK Sorce Advisory LLC grew its stake in International Business Machines by 2.4% during the second quarter. HBK Sorce Advisory LLC now owns 18,450 shares of the technology company’s stock worth $5,439,000 after buying an additional 439 shares during the period. Premier Path Wealth Partners LLC grew its stake in International Business Machines by 9.2% during the second quarter. Premier Path Wealth Partners LLC now owns 6,196 shares of the technology company’s stock worth $1,827,000 after buying an additional 523 shares during the period. Buck Wealth Strategies LLC grew its stake in International Business Machines by 3.8% during the second quarter. Buck Wealth Strategies LLC now owns 1,794 shares of the technology company’s stock worth $529,000 after buying an additional 66 shares during the period. Finally, Arkadios Wealth Advisors grew its stake in International Business Machines by 3.2% during the second quarter. Arkadios Wealth Advisors now owns 26,285 shares of the technology company’s stock worth $7,749,000 after buying an additional 815 shares during the period. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

IBM has been the subject of several analyst reports. Royal Bank Of Canada decreased their target price on shares of International Business Machines from $315.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, October 23rd. UBS Group upped their target price on shares of International Business Machines from $200.00 to $210.00 and gave the company a “sell” rating in a research note on Thursday, October 23rd. The Goldman Sachs Group upped their target price on shares of International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Weiss Ratings upgraded shares of International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research note on Saturday, October 25th. Finally, JPMorgan Chase & Co. upped their target price on shares of International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $288.00.

International Business Machines Trading Down 1.4%

IBM opened at $308.17 on Thursday. The stock has a market capitalization of $288.05 billion, a PE ratio of 36.86, a P/E/G ratio of 4.39 and a beta of 0.73. The firm’s fifty day moving average price is $270.43 and its 200 day moving average price is $265.70. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89. International Business Machines Corporation has a 12-month low of $203.51 and a 12-month high of $319.35.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.20. The firm had revenue of $16.33 billion for the quarter, compared to analysts’ expectations of $16.10 billion. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.30 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. As a group, 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 declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be issued a $1.68 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $6.72 annualized dividend and a yield of 2.2%. International Business Machines’s dividend payout ratio is currently 80.38%.

About International Business Machines

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.