Consolidated Capital Management LLC Sells 300 Shares of International Business Machines Corporation $IBM

Consolidated Capital Management LLC cut its stake in shares of International Business Machines Corporation (NYSE:IBM) by 25.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 900 shares of the technology company’s stock after selling 300 shares during the period. Consolidated Capital Management LLC’s holdings in International Business Machines were worth $265,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. Christopher J. Hasenberg Inc acquired a new stake in shares of International Business Machines in the 1st quarter valued at approximately $27,000. SSA Swiss Advisors AG bought a new stake in International Business Machines during the first quarter worth $28,000. Highline Wealth Partners LLC lifted its stake in International Business Machines by 85.0% in the second quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock valued at $33,000 after acquiring an additional 51 shares during the last quarter. Dagco Inc. bought a new position in shares of International Business Machines in the 1st quarter valued at about $31,000. Finally, Silicon Valley Capital Partners increased its stake 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 worth $32,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Performance

Shares of NYSE IBM opened at $284.72 on Friday. 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 firm has a market cap of $264.62 billion, a price-to-earnings ratio of 46.22, a P/E/G ratio of 4.38 and a beta of 0.71. The stock’s fifty day moving average price is $254.07 and its two-hundred day moving average price is $258.03. International Business Machines Corporation has a one year low of $203.51 and a one year high of $296.16.

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

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were given a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Friday, August 8th. International Business Machines’s dividend payout ratio is presently 109.09%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on IBM shares. Melius Research upgraded shares of International Business Machines to a “strong-buy” rating in a research note on Monday, July 7th. Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. The Goldman Sachs Group boosted their target price on International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Bank of America cut their price target on International Business Machines from $320.00 to $310.00 and set a “buy” rating for the company in a report on Thursday, July 24th. Finally, JPMorgan Chase & Co. upped their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, International Business Machines currently has a consensus rating of “Hold” and a consensus price target of $275.00.

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.