International Business Machines Corporation $IBM Shares Sold by Arvest Bank Trust Division

Arvest Bank Trust Division cut its stake in International Business Machines Corporation (NYSE:IBM) by 22.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,871 shares of the technology company’s stock after selling 3,133 shares during the period. Arvest Bank Trust Division’s holdings in International Business Machines were worth $3,205,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Family CFO Inc acquired a new position in shares of International Business Machines during the 2nd quarter valued at $25,000. SSA Swiss Advisors AG purchased a new position in International Business Machines in the first quarter valued at about $28,000. Dagco Inc. acquired a new position in shares of International Business Machines during the first quarter worth about $31,000. Silicon Valley Capital Partners boosted its position in shares of International Business Machines by 322.6% in the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after buying an additional 100 shares during the period. Finally, Highline Wealth Partners LLC grew its stake 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 in the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Price Performance

Shares of IBM stock opened at $304.51 on Friday. The firm has a fifty day moving average of $284.79 and a two-hundred day moving average of $270.87. The firm has a market cap of $284.64 billion, a P/E ratio of 36.43, a P/E/G ratio of 4.33 and a beta of 0.71. International Business Machines Corporation has a 1-year low of $204.07 and a 1-year high of $324.90. 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 posted its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $0.20. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The business had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.10 billion. During the same period last year, the firm earned $2.30 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be given a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Monday, November 10th. International Business Machines’s dividend payout ratio is currently 80.38%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. 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. BMO Capital Markets lifted their price target on shares of International Business Machines from $300.00 to $305.00 and gave the stock a “market perform” rating in a research note on Thursday, October 23rd. Finally, Bank of America upped 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. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $288.00.

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.