International Business Machines Corporation $IBM Stock Position Lowered by Strait & Sound Wealth Management LLC

Strait & Sound Wealth Management LLC decreased its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 8.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,818 shares of the technology company’s stock after selling 592 shares during the quarter. International Business Machines makes up about 0.9% of Strait & Sound Wealth Management LLC’s holdings, making the stock its 26th biggest position. Strait & Sound Wealth Management LLC’s holdings in International Business Machines were worth $2,010,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of IBM. Family CFO Inc acquired a new position in shares of International Business Machines during the 2nd quarter worth $25,000. Christopher J. Hasenberg Inc acquired a new position in shares of International Business Machines during the 1st quarter worth $27,000. SSA Swiss Advisors AG acquired a new position in shares of International Business Machines during the 1st quarter worth $28,000. Dagco Inc. acquired a new position in shares of International Business Machines during the 1st quarter worth $31,000. Finally, Silicon Valley Capital Partners grew its stake in International Business Machines by 322.6% in 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 during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on IBM shares. Jefferies Financial Group raised their price target on shares of International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a research report on Tuesday. Melius Research upgraded shares of International Business Machines to a “strong-buy” rating in a research report on Monday, July 7th. JPMorgan Chase & Co. raised their price target on shares of International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Morgan Stanley decreased their price target on shares of International Business Machines from $256.00 to $252.00 and set an “equal weight” rating on the stock in a research report on Thursday. Finally, Royal Bank Of Canada decreased their price target 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. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $288.00.

International Business Machines Trading Up 8.0%

Shares of IBM stock opened at $307.78 on Friday. International Business Machines Corporation has a 12-month low of $203.51 and a 12-month high of $310.75. The company has a market capitalization of $286.05 billion, a P/E ratio of 36.82, a P/E/G ratio of 4.69 and a beta of 0.73. The firm has a 50-day moving average price of $266.21 and a 200 day moving average price of $263.87. The company has a quick ratio of 0.87, a current ratio of 0.93 and a debt-to-equity ratio of 1.97.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.20. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The firm had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.10 billion. During the same period last year, the firm posted $2.30 EPS. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. Research analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be issued a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Monday, November 10th. International Business Machines’s dividend payout ratio (DPR) is currently 80.38%.

About International Business Machines

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.