Peninsula Asset Management Inc. Sells 206 Shares of International Business Machines Corporation $IBM

Peninsula Asset Management Inc. decreased its holdings in International Business Machines Corporation (NYSE:IBM) by 1.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 10,980 shares of the technology company’s stock after selling 206 shares during the quarter. International Business Machines accounts for 1.7% of Peninsula Asset Management Inc.’s portfolio, making the stock its 21st largest position. Peninsula Asset Management Inc.’s holdings in International Business Machines were worth $3,237,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Family CFO Inc purchased a new position in International Business Machines during the second quarter valued at $25,000. SSA Swiss Advisors AG purchased a new stake in International Business Machines in the first quarter worth about $28,000. Highline Wealth Partners LLC raised its stake in shares of International Business Machines by 85.0% in the second quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock worth $33,000 after buying an additional 51 shares during the period. Dagco Inc. purchased a new position in shares of International Business Machines during the 1st quarter valued at about $31,000. Finally, Silicon Valley Capital Partners lifted its position in shares of International Business Machines by 322.6% during the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock valued at $32,000 after buying an additional 100 shares in the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

IBM has been the topic of several recent analyst reports. Royal Bank Of Canada decreased their price objective on shares of International Business Machines from $315.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, October 23rd. JPMorgan Chase & Co. increased their price target on International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Stifel Nicolaus lowered their price objective on International Business Machines from $310.00 to $295.00 and set a “buy” rating on the stock in a research report on Thursday, October 23rd. Weiss Ratings raised International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research note on Saturday, October 25th. Finally, BMO Capital Markets increased their target price on International Business Machines from $300.00 to $305.00 and gave the stock a “market perform” rating in a research report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $288.00.

International Business Machines Price Performance

Shares of IBM stock opened at $306.64 on Monday. The stock has a 50 day moving average price of $279.45 and a 200 day moving average price of $269.19. International Business Machines Corporation has a 52-week low of $204.07 and a 52-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 capitalization of $286.63 billion, a P/E ratio of 36.68, a P/E/G ratio of 4.33 and a beta of 0.71.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $0.20. The business had revenue of $16.33 billion for the quarter, compared to the consensus estimate of $16.10 billion. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.30 EPS. International Business Machines has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be paid a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Monday, November 10th. International Business Machines’s dividend payout ratio is 80.38%.

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.