AMJ Financial Wealth Management Sells 2,489 Shares of International Business Machines Corporation $IBM

Core Viewpoint - AMJ Financial Wealth Management significantly reduced its stake in International Business Machines Corporation (IBM) by 72.5% in Q3, indicating a potential shift in investment strategy or confidence in the company [2] Institutional Holdings - CFS Investment Advisory Services LLC increased its position in IBM by 0.4%, now owning 9,359 shares valued at $2,878,000 after purchasing 34 additional shares [3] - KPP Advisory Services LLC raised its stake by 1.7%, owning 2,069 shares worth $584,000 after acquiring 34 shares [3] - Marco Investment Management LLC lifted its position by 0.3%, now holding 10,774 shares valued at $3,040,000 after buying 34 shares [3] - MA Private Wealth increased its stake by 1.5%, owning 2,242 shares worth $633,000 after purchasing 34 shares [3] - Ignite Planners LLC grew its holdings by 0.9%, now owning 4,000 shares valued at $1,129,000 after acquiring 36 shares [3] - Hedge funds and institutional investors own 58.96% of IBM's stock [3] Analyst Ratings - DZ Bank upgraded IBM to a "hold" rating [4] - Bank of America raised its price target from $315.00 to $335.00 and assigned a "buy" rating [4] - JPMorgan Chase & Co. increased its target price from $312.00 to $317.00, giving a "neutral" rating [4] - BMO Capital Markets maintained a "market perform" rating with a $350.00 price target [4] - Erste Group Bank downgraded IBM from a "buy" to a "hold" rating [4] - The average rating for IBM is "Moderate Buy" with a target price of $330.07 [4] Earnings Performance - IBM reported earnings of $4.52 per share, exceeding the consensus estimate of $4.33 by $0.19 [7] - Revenue for the quarter was $19.69 billion, surpassing analyst estimates of $19.23 billion, reflecting a year-over-year increase of 12.2% [7] - The company had a net margin of 15.69% and a return on equity of 38.15% [7] - Analysts expect IBM to post earnings of $10.78 per share for the current fiscal year [7] Stock Information - IBM shares opened at $257.20, with a market capitalization of $240.41 billion [6] - The company has a price-to-earnings ratio of 23.07 and a PEG ratio of 2.58 [6] - The stock has a 12-month low of $214.50 and a high of $324.90 [6] Dividend Announcement - IBM announced a quarterly dividend of $1.68, payable on March 10th, with an annualized dividend of $6.72 and a yield of 2.6% [9] - The payout ratio stands at 60.27% [9]