Trust Co. of Vermont Sells 2,397 Shares of International Business Machines Corporation $IBM

Trust Co. of Vermont decreased its holdings in International Business Machines Corporation (NYSE:IBM) by 5.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,928 shares of the technology company’s stock after selling 2,397 shares during the period. Trust Co. of Vermont’s holdings in International Business Machines were worth $12,654,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Christopher J. Hasenberg Inc bought a new position in International Business Machines during the first quarter valued at approximately $27,000. SSA Swiss Advisors AG bought a new position in International Business Machines during the first quarter valued at approximately $28,000. Dagco Inc. bought a new position in International Business Machines during the first quarter valued at approximately $31,000. Silicon Valley Capital Partners boosted its stake in International Business Machines by 322.6% during the first 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 during the last quarter. Finally, Highline Wealth Partners LLC boosted its stake in International Business Machines by 85.0% during the second 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 during the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Up 0.9%

IBM opened at $282.19 on Wednesday. The stock’s fifty day moving average is $253.98 and its two-hundred day moving average is $258.50. The company has a market capitalization of $262.27 billion, a P/E ratio of 45.81, a PEG ratio of 4.31 and a beta of 0.71. International Business Machines Corporation has a 52 week low of $203.51 and a 52 week high of $296.16. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00.

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

International Business Machines Dividend Announcement

The business 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 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines’s dividend payout ratio (DPR) is 109.09%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on IBM shares. Melius Research raised International Business Machines to a “strong-buy” rating in a research note on Monday, July 7th. Sanford C. Bernstein began coverage on International Business Machines in a research note on Monday, September 15th. They issued a “market perform” rating and a $280.00 price objective for the company. The Goldman Sachs Group raised their price objective on International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Erste Group Bank lowered International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. Finally, Bank of America lowered their price objective on International Business Machines from $320.00 to $310.00 and set a “buy” rating for the company in a research note on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $275.00.

International Business Machines Company 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.