Commonwealth Retirement Investments LLC Sells 14,284 Shares of International Business Machines Corporation $IBM

Commonwealth Retirement Investments LLC lowered its position in shares of International Business Machines Corporation (NYSE:IBM) by 85.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 2,510 shares of the technology company’s stock after selling 14,284 shares during the quarter. Commonwealth Retirement Investments LLC’s holdings in International Business Machines were worth $740,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Lifestyle Asset Management Inc. lifted its position in shares of International Business Machines by 1.7% during the 2nd quarter. Lifestyle Asset Management Inc. now owns 2,144 shares of the technology company’s stock worth $632,000 after buying an additional 36 shares in the last quarter. Whelan Financial lifted its position in shares of International Business Machines by 2.4% during the 2nd quarter. Whelan Financial now owns 1,525 shares of the technology company’s stock worth $450,000 after buying an additional 36 shares in the last quarter. Ignite Planners LLC lifted its position in shares of International Business Machines by 0.9% during the 2nd quarter. Ignite Planners LLC now owns 3,964 shares of the technology company’s stock worth $1,133,000 after buying an additional 36 shares in the last quarter. Blue Edge Capital LLC lifted its position in shares of International Business Machines by 0.6% during the 1st quarter. Blue Edge Capital LLC now owns 6,776 shares of the technology company’s stock worth $1,685,000 after buying an additional 39 shares in the last quarter. Finally, Johnson Bixby & Associates LLC lifted its position in shares of International Business Machines by 3.3% during the 2nd quarter. Johnson Bixby & Associates LLC now owns 1,208 shares of the technology company’s stock worth $356,000 after buying an additional 39 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on IBM shares. Erste Group Bank cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. Wall Street Zen raised shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Sunday, October 26th. BMO Capital Markets lifted their price target on shares of International Business Machines from $300.00 to $305.00 and gave the stock a “market perform” rating in a report on Thursday, October 23rd. Weiss Ratings raised shares of International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a report on Saturday, October 25th. Finally, Royal Bank Of Canada lowered 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 report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $288.00.

International Business Machines Trading Down 1.4%

International Business Machines stock opened at $300.42 on Wednesday. The stock has a market cap of $280.81 billion, a P/E ratio of 35.94, a PEG ratio of 4.33 and a beta of 0.73. International Business Machines Corporation has a fifty-two week low of $204.07 and a fifty-two week high of $319.35. The firm’s fifty day moving average price is $275.62 and its 200-day moving average price is $267.76. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.89 and a current ratio of 0.93.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.20. The firm had revenue of $16.33 billion for the quarter, compared to analysts’ expectations of $16.10 billion. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.30 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. Equities research analysts forecast 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 declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be issued a $1.68 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $6.72 annualized dividend and a dividend yield of 2.2%. International Business Machines’s dividend payout ratio is presently 80.38%.

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.