Carret Asset Management LLC Decreases Holdings in International Business Machines Corporation $IBM

Carret Asset Management LLC trimmed its holdings in International Business Machines Corporation (NYSE:IBM) by 0.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,550 shares of the technology company’s stock after selling 146 shares during the period. Carret Asset Management LLC’s holdings in International Business Machines were worth $5,468,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Family CFO Inc acquired a new stake in shares of International Business Machines in the second quarter valued at about $25,000. Christopher J. Hasenberg Inc acquired a new stake in shares of International Business Machines in the first quarter valued at about $27,000. SSA Swiss Advisors AG acquired a new stake in shares of International Business Machines in the first quarter valued at about $28,000. Highline Wealth Partners LLC raised its position in shares of International Business Machines by 85.0% in 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. Finally, Dagco Inc. acquired a new stake in shares of International Business Machines in the first quarter valued at about $31,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on IBM shares. JPMorgan Chase & Co. increased their target price on shares of International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Weiss Ratings upgraded shares of International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research report on Saturday, October 25th. Morgan Stanley cut their price objective on shares of International Business Machines from $256.00 to $252.00 and set an “equal weight” rating for the company in a research report on Thursday, October 23rd. Royal Bank Of Canada cut their price objective on shares of International Business Machines from $315.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, October 23rd. Finally, Bank of America raised their price objective on shares of International Business Machines from $310.00 to $315.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $288.00.

International Business Machines Price Performance

Shares of IBM opened at $308.17 on Thursday. International Business Machines Corporation has a 1-year low of $203.51 and a 1-year high of $319.35. The stock has a market cap of $288.05 billion, a PE ratio of 36.86, a P/E/G ratio of 4.39 and a beta of 0.73. The firm has a 50-day simple moving average of $270.43 and a two-hundred day simple moving average of $265.70. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $16.33 billion during the quarter, compared to analysts’ expectations of $16.10 billion. During the same period last year, the business earned $2.30 earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. As a group, analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be given a dividend of $1.68 per share. The ex-dividend date is Monday, November 10th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.2%. 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.