International Business Machines Corporation $IBM Stock Holdings Lessened by Arlington Trust Co LLC

Arlington Trust Co LLC reduced its holdings in International Business Machines Corporation (NYSE:IBM) by 42.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 703 shares of the technology company’s stock after selling 518 shares during the quarter. Arlington Trust Co LLC’s holdings in International Business Machines were worth $207,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Braun Bostich & Associates Inc. lifted its position in shares of International Business Machines by 23.2% in the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,212 shares of the technology company’s stock worth $357,000 after buying an additional 228 shares during the last quarter. Avity Investment Management Inc. lifted its position in shares of International Business Machines by 5.8% in the 2nd quarter. Avity Investment Management Inc. now owns 3,645 shares of the technology company’s stock worth $1,074,000 after buying an additional 200 shares during the last quarter. Adamsbrown Wealth Consultants LLC bought a new stake in International Business Machines in the 2nd quarter valued at about $256,000. Atwood & Palmer Inc. lifted its position in International Business Machines by 1.2% in the 2nd quarter. Atwood & Palmer Inc. now owns 4,200 shares of the technology company’s stock valued at $1,238,000 after purchasing an additional 51 shares during the last quarter. Finally, Richard P Slaughter Associates Inc bought a new position in International Business Machines in the 2nd quarter worth about $215,000. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $253.46 on Monday. The company’s fifty day moving average is $257.59 and its two-hundred day moving average is $256.96. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. International Business Machines Corporation has a 12-month low of $203.51 and a 12-month high of $296.16. The company has a market cap of $235.57 billion, a P/E ratio of 41.15, a price-to-earnings-growth ratio of 3.90 and a beta of 0.71.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, beating 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 the consensus estimate of $16.58 billion. During the same period in the previous year, the firm posted $2.43 earnings per share. The firm’s revenue was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. Equities analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were given a $1.68 dividend. This represents a $6.72 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines’s payout ratio is currently 109.09%.

Analyst Upgrades and Downgrades

Several research analysts have commented on IBM shares. Royal Bank Of Canada upped their target price on shares of International Business Machines from $285.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, July 17th. 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. Melius Research upgraded shares of International Business Machines to a “strong-buy” rating in a research report on Monday, July 7th. UBS Group upped their target price on shares of International Business Machines from $195.00 to $200.00 and gave the stock a “sell” rating in a research report on Thursday, July 24th. Finally, Wall Street Zen upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $270.67.

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.