Malaga Cove Capital LLC Cuts Stock Position in International Business Machines Corporation $IBM

Malaga Cove Capital LLC decreased its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 34.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 850 shares of the technology company’s stock after selling 450 shares during the quarter. Malaga Cove Capital LLC’s holdings in International Business Machines were worth $251,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in IBM. Family CFO Inc purchased a new stake in shares of International Business Machines in the second quarter worth about $25,000. Christopher J. Hasenberg Inc purchased a new stake in shares of International Business Machines during the 1st quarter valued at about $27,000. SSA Swiss Advisors AG acquired a new position in International Business Machines during the 1st quarter worth approximately $28,000. Highline Wealth Partners LLC boosted 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 worth $33,000 after acquiring an additional 51 shares during the period. Finally, Dagco Inc. purchased a new position in International Business Machines in the 1st quarter worth approximately $31,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Trading Down 1.9%

NYSE IBM opened at $306.64 on Friday. The company has a market capitalization of $286.63 billion, a price-to-earnings ratio of 36.68, a price-to-earnings-growth ratio of 4.33 and a beta of 0.71. 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 Corporation has a 12 month low of $204.07 and a 12 month high of $319.35. The company’s fifty day moving average price is $279.45 and its two-hundred day moving average price is $268.83.

International Business Machines (NYSE:IBM) last released its 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 company had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.10 billion. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The company’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.30 EPS. International Business Machines has set its FY 2025 guidance at EPS. As a group, research analysts predict 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 disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be issued a $1.68 dividend. 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 payout ratio is currently 80.38%.

Analyst Ratings Changes

IBM has been the topic of a number of recent research reports. Jefferies Financial Group boosted their target price 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, October 21st. Wall Street Zen raised shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Sunday, October 26th. Erste Group Bank lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Royal Bank Of Canada decreased 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, UBS Group raised their target price on International Business Machines from $200.00 to $210.00 and gave the company a “sell” rating in a research note on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $288.00.

International Business Machines Company 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.