International Business Machines Corporation $IBM Holdings Cut by Banco Bilbao Vizcaya Argentaria S.A.

by · The Cerbat Gem

Banco Bilbao Vizcaya Argentaria S.A. cut its stake in shares of International Business Machines Corporation (NYSE:IBM – Free Report) by 3.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 218,740 shares of the technology company’s stock after selling 7,518 shares during the quarter. International Business Machines makes up 0.6% of Banco Bilbao Vizcaya Argentaria S.A.’s portfolio, making the stock its 27th largest holding. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in International Business Machines were worth $64,456,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in IBM. Family CFO Inc acquired a new position in shares of International Business Machines during the second quarter valued at $25,000. SSA Swiss Advisors AG bought a new stake in International Business Machines in the 1st quarter valued at about $28,000. Highline Wealth Partners LLC lifted its position 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 valued at $33,000 after purchasing an additional 51 shares during the last quarter. Dagco Inc. bought a new position in International Business Machines in the 1st quarter worth about $31,000. Finally, Silicon Valley Capital Partners grew its position in International Business Machines by 322.6% in the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Stifel Nicolaus reduced their price objective on International Business Machines from $310.00 to $295.00 and set a “buy” rating for the company in a research report on Thursday, October 23rd. Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. Weiss Ratings raised International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a report on Saturday, October 25th. JPMorgan Chase & Co. upped their price objective on shares of International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Finally, BMO Capital Markets raised their target price on shares of International Business Machines from $300.00 to $305.00 and gave the company a “market perform” 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 assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, International Business Machines currently has a consensus rating of “Moderate Buy” and a consensus target price of $288.00.

View Our Latest Report on International Business Machines

International Business Machines Price Performance

Shares of NYSE IBM opened at $304.51 on Friday. International Business Machines Corporation has a twelve month low of $204.07 and a twelve month high of $324.90. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 1.97. The firm has a 50-day moving average of $284.79 and a two-hundred day moving average of $270.87. The company has a market capitalization of $284.64 billion, a price-to-earnings ratio of 36.43, a PEG ratio of 4.33 and a beta of 0.71.

International Business Machines (NYSE:IBM – Get Free Report) last released its 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. The business had revenue of $16.33 billion for 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 business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.30 EPS. International Business Machines has set its FY 2025 guidance at EPS. As a group, 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be given a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Monday, November 10th. International Business Machines’s dividend payout ratio is 80.38%.

International Business Machines Company Profile

(Free Report)

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.

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