Alta Wealth Advisors LLC Sells 191 Shares of International Business Machines Corporation $IBM

Alta Wealth Advisors LLC lowered its stake in shares of International Business Machines Corporation (NYSE:IBM) by 10.3% during the second quarter, HoldingsChannel reports. The fund owned 1,664 shares of the technology company’s stock after selling 191 shares during the quarter. Alta Wealth Advisors LLC’s holdings in International Business Machines were worth $491,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Family CFO Inc bought a new stake in International Business Machines in the 2nd quarter valued at $25,000. Christopher J. Hasenberg Inc bought a new stake in International Business Machines in the 1st quarter valued at $27,000. SSA Swiss Advisors AG bought a new stake in International Business Machines in the 1st quarter valued at $28,000. Highline Wealth Partners LLC increased its holdings in International Business Machines by 85.0% in the 2nd 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. Finally, Dagco Inc. bought a new stake in International Business Machines in the 1st quarter valued at $31,000. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Up 0.7%

Shares of NYSE:IBM opened at $288.62 on Friday. International Business Machines Corporation has a 12 month low of $203.51 and a 12 month high of $296.16. The company’s 50-day moving average price is $255.18 and its two-hundred day moving average price is $259.27. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. The firm has a market cap of $268.25 billion, a P/E ratio of 46.85, a P/E/G ratio of 4.44 and a beta of 0.73.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, topping analysts’ consensus estimates of $2.65 by $0.15. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The firm had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. During the same quarter in the prior year, the firm earned $2.43 EPS. 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. As a group, research analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were issued a dividend of $1.68 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a yield of 2.3%. International Business Machines’s dividend payout ratio is currently 109.09%.

Analyst Ratings Changes

Several brokerages have issued reports on IBM. Melius Research raised shares of International Business Machines to a “strong-buy” rating in a report on Monday, July 7th. Wedbush boosted their target price on shares of International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Friday, June 20th. Stifel Nicolaus boosted their target price on shares of International Business Machines from $290.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, July 16th. The Goldman Sachs Group boosted their target price on shares of International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Finally, Royal Bank Of Canada boosted their target price on shares of International Business Machines from $285.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, International Business Machines has a consensus rating of “Hold” and a consensus price target of $284.62.

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.