International Business Machines Corporation $IBM Shares Sold by Lockheed Martin Investment Management Co.

Lockheed Martin Investment Management Co. lessened its holdings in International Business Machines Corporation (NYSE:IBM) by 66.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,780 shares of the technology company’s stock after selling 28,940 shares during the period. Lockheed Martin Investment Management Co.’s holdings in International Business Machines were worth $3,251,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of International Business Machines in the second quarter worth about $21,586,659,000. State Street Corp lifted its position in shares of International Business Machines by 2.7% during the 2nd quarter. State Street Corp now owns 56,045,055 shares of the technology company’s stock valued at $15,760,430,000 after buying an additional 1,450,562 shares in the last quarter. Bank of America Corp DE bought a new position in shares of International Business Machines during the 2nd quarter valued at approximately $4,214,868,000. Bank of New York Mellon Corp bought a new position in shares of International Business Machines during the 2nd quarter valued at approximately $2,606,782,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in International Business Machines by 0.7% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,621,512 shares of the technology company’s stock worth $2,143,245,000 after acquiring an additional 53,388 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on IBM shares. Sanford C. Bernstein decreased their target price on shares of International Business Machines from $280.00 to $230.00 and set a “market perform” rating on the stock in a research note on Thursday, July 23rd. Stifel Nicolaus upped their price target on shares of International Business Machines from $235.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, October 22nd. Royal Bank Of Canada reissued an “outperform” rating and issued a $270.00 price objective on shares of International Business Machines in a research note on Thursday, October 22nd. Robert W. Baird raised their price objective on shares of International Business Machines from $230.00 to $260.00 and gave the company a “neutral” rating in a research report on Thursday, October 22nd. Finally, Craig Hallum began coverage on shares of International Business Machines in a research report on Wednesday, August 19th. They set a “buy” rating on the stock. Nineteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $266.88.

Insider Activity at International Business Machines

In other news, SVP Robert Thomas sold 25,000 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $230.32, for a total value of $5,758,000.00. Following the transaction, the senior vice president owned 47,800 shares of the company’s stock, valued at approximately $11,009,296. The trade was a 34.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.27% of the company’s stock.

International Business Machines Stock Performance

NYSE IBM opened at $246.32 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 1.57. International Business Machines Corporation has a twelve month low of $199.19 and a twelve month high of $332.46. The business has a 50-day moving average price of $236.97 and a 200-day moving average price of $248.39. The firm has a market cap of $232.80 billion, a price-to-earnings ratio of 21.00, a price-to-earnings-growth ratio of 2.50 and a beta of 0.78.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, October 21st. The technology company reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.10. International Business Machines had a return on equity of 34.37% and a net margin of 15.99%. The company had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $16.82 billion. During the same quarter last year, the company earned $2.65 EPS. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, equities research analysts predict that International Business Machines Corporation will post 12.41 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Tuesday, November 10th will be given a dividend of $1.69 per share. The ex-dividend date is Tuesday, November 10th. This represents a $6.76 annualized dividend and a dividend yield of 2.7%. International Business Machines’s dividend payout ratio (DPR) is presently 57.63%.

Key Headlines Impacting International Business Machines

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: IBM deployed its first quantum computer in Illinois, at the Illinois Quantum and Microelectronics Park. The installation builds research and industry partnerships and is part of a state initiative expected to create 750 technology jobs. It strengthens IBM’s quantum-computing presence, though commercial returns may take time. Can IBM’s Latest Quantum System Boost Illinois’ Innovation Future?
• Positive Sentiment: IBM-owned Apptio added connections and cost-management tools to help businesses track AI usage and spending, forecast budgets, and assess investments against business results. The update could help IBM capture demand as enterprises seek to manage the cost of adopting AI. Apptio Expands Portfolio to Help Enterprises Connect AI Spending to Business Value
• Positive Sentiment: Quantum X Labs said its AI-powered error-correction program is running on three IBM quantum processors and showed up to 20% fewer logical decoding failures. This offers a potential third-party validation of IBM hardware, although the announcement comes from Quantum X Labs rather than IBM. Quantum X Labs Expands AI-Powered Quantum Error Correction Program
• Neutral Sentiment: A Seeking Alpha analysis sees IBM’s enterprise AI portfolio and software growth as strengths, but rates the shares Hold, citing competition and a valuation it considers fair. That view suggests limited near-term upside based on its $249 price target. IBM: A Full Enterprise AI Stack, But Rivals Keep It A Hold
• Negative Sentiment: The European Union is suing IBM and partners Atos and Leonardo over repeated delays in developing the bloc’s Entry/Exit border system. The case raises potential legal costs and could weigh on IBM’s reputation and government-contract execution; the reports do not specify the financial exposure. EU sues IBM and partners over troubled border system

About International Business Machines

International Business Machines Corporation (IBM) is a global technology company that provides software, consulting, infrastructure and related services to businesses and public-sector organizations. Its offerings include hybrid cloud and artificial intelligence solutions, enterprise software, IT consulting, and systems such as IBM Z mainframes and Power servers.

IBM also develops technologies in areas including data management, automation, cybersecurity and quantum computing. Its consulting teams help clients design, build and manage technology systems and business processes.

The company traces its roots to the Computing-Tabulating-Recording Company, formed in 1911, and adopted the name International Business Machines in 1924.