Mitsubishi UFJ Trust & Banking Corp Has $195.67 Million Stock Holdings in International Business Machines Corporation $IBM

Mitsubishi UFJ Trust & Banking Corp trimmed its position in shares of International Business Machines Corporation (NYSE:IBM) by 11.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 663,783 shares of the technology company’s stock after selling 90,036 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in International Business Machines were worth $195,670,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Family CFO Inc acquired a new position in shares of International Business Machines in the second quarter valued at $25,000. SSA Swiss Advisors AG acquired a new stake in International Business Machines during the first quarter worth $28,000. Highline Wealth Partners LLC increased 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 valued at $33,000 after buying an additional 51 shares during the period. Dagco Inc. acquired a new position in shares of International Business Machines in the 1st quarter valued at $31,000. Finally, Silicon Valley Capital Partners lifted its holdings in shares of International Business Machines by 322.6% during the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after acquiring an additional 100 shares during the period. Institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Up 1.6%

IBM opened at $313.98 on Wednesday. International Business Machines Corporation has a 1-year low of $204.07 and a 1-year high of $319.35. The firm has a 50-day moving average price of $282.22 and a two-hundred day moving average price of $270.32. The stock has a market capitalization of $293.49 billion, a PE ratio of 37.56, a PEG ratio of 4.33 and a beta of 0.71. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 1.97.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 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 business had revenue of $16.33 billion for the quarter, compared to analysts’ expectations of $16.10 billion. During the same period in the prior year, the firm earned $2.30 earnings per share. International Business Machines’s revenue 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, equities 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 announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be paid a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, November 10th. International Business Machines’s dividend payout ratio (DPR) is 80.38%.

Analyst Ratings Changes

IBM has been the topic of several recent research reports. Morgan Stanley decreased their target price on shares of International Business Machines from $256.00 to $252.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 23rd. Royal Bank Of Canada dropped their target price on International Business Machines from $315.00 to $300.00 and set an “outperform” rating for the company in a 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. upped their price target 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. Finally, UBS Group increased their price objective on International Business Machines from $200.00 to $210.00 and gave the stock a “sell” rating in a research note 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 issued a Sell rating to the stock. Based on data from MarketBeat, International Business Machines has an average 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.