Wilmington Savings Fund Society, FSB 13F: Cuts IBM Stake by $4.8M

Wilmington Savings Fund Society reduced its stake in International Business Machines Corporation IBM by 26.9% during the quarter, according to a form 13F filing on October 23, 2026. The institutional investor sold 22,002 shares of the tech company during the period, leaving it with 59,884 shares valued at roughly $13.2 million. International Business Machines Corporation closed at $253.56 on the day of the filing.

IBM International Business Machines Corporation

$251.98 ▼ -11.80% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in Wilmington Savings Fund Society's IBM Position

Wilmington Savings Fund Society pared back its investment in International Business Machines Corporation by dropping from an earlier total of 81,886 shares down to 59,884 shares. The resulting position worth $13.17 million reflects a 26.87% reduction in total shares held by the institution during the quarter.

Other Institutional Activity in International Business Machines Corporation

Tectonic Advisors grew its holdings by 7,508 shares, ending with 69,853 shares worth about $15.4 million in a report filed on October 22, 2026.

International Business Machines Corporation Stock Up 0.8%

International Business Machines Corporation shares recently traded around $253.51 on October 24, 2026. The stock sits above its 50-day moving average of $232.71 and above its 200-day moving average of $250.67.

Recent Earnings

International Business Machines Corporation reported trailing twelve-month revenue of $69.1 billion alongside basic earnings of $11.72 per share. The company generated a net profit margin of 15.5% and a return on equity of 34.5%. Its next earnings report is scheduled for January 27, 2027.

Dividend

The company pays an annual dividend rate of $6.76 per share yielding 2.69% with a payout ratio of 59.8%.

Insider Buying and Selling at International Business Machines Corporation

Insider transactions included multiple open market trades by company leaders ahead of the filing. Director David N. Farr bought 1,000 shares on January 30, 2026, at an average price of $304.00 per share for a total value of $304,000. Later, director Michelle J. Howard bought 50 shares on February 25, 2026, at $237.83 per share for a total of $11,891. On the same day, director Michael Miebach bought 434 shares at $233.33 per share for a total of $101,264. Officer Robert David Thomas sold 25,000 shares on August 26, 2026, at $230.32 per share for a total value of $5,758,088.

Analysts Set New Price Targets

Wall Street firms updated their views on the tech company ahead of the filing. On October 22, 2026, Jefferies maintained its buy rating while raising its target from $270.00 to $280.00. UBS kept a neutral rating on October 22, 2026, lifting its target from $236.00 to $243.00. Citigroup maintained a buy rating on October 22, 2026, bumping its target from $245.00 to $280.00. Morgan Stanley kept an equal-weight rating on October 22, 2026, lifting its target from $238.00 to $240.00. BMO Capital kept a market perform rating on October 22, 2026, raising its target from $230.00 to $265.00. Wall Street analysts maintain a consensus buy rating on the stock with a mean price target of $257.22 across 23 tracked opinions.

About International Business Machines Corporation

International Business Machines Corporation provides hybrid cloud platforms, enterprise consulting, infrastructure solutions, and technology financing to global clients. The company builds software and hardware systems designed to support artificial intelligence and digital transformations across diverse business sectors.

Bottom Line

Investors tracking institutional flows can monitor future filings from Wilmington Savings Fund Society to see if further portfolio adjustments occur. The company's next scheduled earnings report on January 27, 2027, will provide fresh financial metrics on revenue growth and profitability.