Arlington Trust Co LLC Has $207,000 Holdings in International Business Machines Corporation $IBM

Arlington Trust Co LLC reduced its stake in shares of International Business Machines Corporation (NYSE:IBM) by 42.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 703 shares of the technology company’s stock after selling 518 shares during the quarter. Arlington Trust Co LLC’s holdings in International Business Machines were worth $207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in IBM. Brighton Jones LLC raised its stake in shares of International Business Machines by 12.4% in the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock valued at $4,619,000 after buying an additional 2,323 shares in the last quarter. Strategic Wealth Partners Ltd. grew its holdings in shares of International Business Machines by 35.2% in the 4th quarter. Strategic Wealth Partners Ltd. now owns 51,072 shares of the technology company’s stock worth $11,227,000 after purchasing an additional 13,310 shares during the last quarter. Stonebrook Private Inc. grew its holdings in shares of International Business Machines by 5.0% in the 4th quarter. Stonebrook Private Inc. now owns 1,498 shares of the technology company’s stock worth $329,000 after purchasing an additional 72 shares during the last quarter. Tidal Investments LLC grew its holdings in shares of International Business Machines by 17.2% in the 4th quarter. Tidal Investments LLC now owns 170,867 shares of the technology company’s stock worth $37,562,000 after purchasing an additional 25,071 shares during the last quarter. Finally, Texas Bank & Trust Co bought a new stake in shares of International Business Machines in the 4th quarter worth about $1,605,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Performance

Shares of IBM stock opened at $253.46 on Monday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91. The company has a market capitalization of $235.57 billion, a P/E ratio of 41.15, a price-to-earnings-growth ratio of 3.90 and a beta of 0.71. The company’s 50 day moving average price is $257.59 and its two-hundred day moving average price is $256.96. International Business Machines Corporation has a 52 week low of $203.51 and a 52 week high of $296.16.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.65 by $0.15. The company had revenue of $16.98 billion during the quarter, compared to analysts’ expectations of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the business earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. On average, analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were paid a $1.68 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 annualized dividend and a dividend yield of 2.7%. International Business Machines’s dividend payout ratio (DPR) is currently 109.09%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Melius Research raised shares of International Business Machines to a “strong-buy” rating in a report on Monday, July 7th. JPMorgan Chase & Co. increased their price objective on shares of International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Stifel Nicolaus increased their price objective on shares of International Business Machines from $290.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. The Goldman Sachs Group increased their price objective on shares of International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Finally, Wedbush increased their price objective on shares of International Business Machines from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, June 20th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, International Business Machines presently has an average rating of “Hold” and an average target price of $270.67.

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.