Riverview Trust Co Has $233,000 Stock Position in International Business Machines Corporation $IBM

Riverview Trust Co trimmed its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 56.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 790 shares of the technology company’s stock after selling 1,008 shares during the period. Riverview Trust Co’s holdings in International Business Machines were worth $233,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Christopher J. Hasenberg Inc acquired a new position in International Business Machines during the first quarter valued at $27,000. SSA Swiss Advisors AG acquired a new position in International Business Machines during the first quarter valued at $28,000. Dagco Inc. acquired a new position in International Business Machines during the first quarter valued at $31,000. Silicon Valley Capital Partners raised its position 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 period. Finally, Highline Wealth Partners LLC raised its position 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 period. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $286.46 on Thursday. International Business Machines Corporation has a fifty-two week low of $203.51 and a fifty-two week high of $296.16. The business has a 50-day moving average of $254.07 and a two-hundred day moving average of $258.70. The stock has a market capitalization of $266.23 billion, a P/E ratio of 46.50, a P/E/G ratio of 4.34 and a beta of 0.73. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87.

International Business Machines (NYSE:IBM) last announced its quarterly 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 analysts’ expectations of $16.58 billion. During the same quarter in the previous year, the firm earned $2.43 earnings per share. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. On average, equities research analysts predict 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 was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were given a $1.68 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.3%. International Business Machines’s payout ratio is currently 109.09%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on IBM. Stifel Nicolaus boosted their target price on International Business Machines from $290.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, July 16th. 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 target price on the stock. Bank of America lowered their target price on International Business Machines from $320.00 to $310.00 and set a “buy” rating on the stock in a research note on Thursday, July 24th. Royal Bank Of Canada boosted their target price on International Business Machines from $285.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday, July 17th. Finally, UBS Group boosted their target price on International Business Machines from $195.00 to $200.00 and gave the company a “sell” rating in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, International Business Machines currently has a consensus rating of “Hold” and a consensus target price of $279.29.

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.