Avalon Trust Co Has $281,000 Stake in International Business Machines Corporation $IBM

Avalon Trust Co lowered its stake in shares of International Business Machines Corporation (NYSE:IBM) by 21.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 954 shares of the technology company’s stock after selling 266 shares during the quarter. Avalon Trust Co’s holdings in International Business Machines were worth $281,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IBM. Good Life Advisors LLC grew its holdings in shares of International Business Machines by 10.1% during the 2nd quarter. Good Life Advisors LLC now owns 10,507 shares of the technology company’s stock worth $3,097,000 after purchasing an additional 966 shares in the last quarter. Francis Financial Inc. grew its stake in International Business Machines by 5.6% during the second quarter. Francis Financial Inc. now owns 3,471 shares of the technology company’s stock worth $1,023,000 after buying an additional 183 shares in the last quarter. D Orazio & Associates Inc. raised its position in shares of International Business Machines by 1.5% in the 2nd quarter. D Orazio & Associates Inc. now owns 2,977 shares of the technology company’s stock valued at $877,000 after buying an additional 43 shares in the last quarter. ABN Amro Investment Solutions bought a new stake in shares of International Business Machines during the 2nd quarter worth approximately $3,064,000. Finally, Impax Asset Management Group plc boosted its position in shares of International Business Machines by 38.1% during the 2nd quarter. Impax Asset Management Group plc now owns 17,206 shares of the technology company’s stock worth $5,072,000 after acquiring an additional 4,751 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Trading Up 0.4%

IBM opened at $315.05 on Thursday. 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 fifty-two week low of $204.07 and a fifty-two week high of $324.90. The company’s 50 day moving average price is $283.64 and its two-hundred day moving average price is $270.64. The firm has a market capitalization of $294.49 billion, a price-to-earnings ratio of 37.69, a PEG ratio of 4.33 and a beta of 0.71.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.10 billion. During the same quarter last year, the firm earned $2.30 earnings per share. The company’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, research analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

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 $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Monday, November 10th. International Business Machines’s payout ratio is 80.38%.

Analyst Ratings Changes

Several research analysts have commented on IBM shares. Bank of America boosted their price objective on shares of International Business Machines from $310.00 to $315.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Wall Street Zen upgraded International Business Machines from a “hold” rating to a “buy” rating in a research report on Sunday, October 26th. JPMorgan Chase & Co. lifted their target price on International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Morgan Stanley lowered their target price on International Business Machines from $256.00 to $252.00 and set an “equal weight” rating for the company in a research note on Thursday, October 23rd. Finally, Royal Bank Of Canada reduced 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 research note on Thursday, October 23rd. One 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $288.00.

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.