Thurston, Springer, Miller, Herd & Titak 13F: Cuts IBM Stake by $906K

Thurston, Springer, Miller, Herd & Titak significantly cut its position in International Business Machines Corporation (NYSE: IBM), according to its latest 13F filing with the SEC. The firm sold 4,117 shares, reducing its holdings by 87.6% to 583 shares, valued at $128,303 as of the reporting period.

What Changed in Thurston Springer's IBM Position

Thurston Springer slashed its IBM holdings, dropping from 4,700 shares to 583 shares. This represents a dramatic 87.6% decrease in its stake, leaving the firm with a much smaller position valued at $128,303.

International Business Machines Corporation Stock Up 1.4%

Shares of IBM traded near their previous close of $229.55 on Friday. The company boasts a market cap of around $218.5 billion and has a P/E ratio of 20.58, with a forward P/E of 17.62. IBM's stock has fluctuated between a 52-week low of $199.19 and a high of $332.46. The 50-day moving average stands at $231.08, while the 200-day moving average is $259.27. The company maintains a current ratio of 0.791 and a quick ratio of 0.609, with a debt-to-equity ratio of 188.97.

Recent Earnings

IBM reported revenue of approximately $69.1 billion with a modest growth rate of 1.1%. The company achieved an earnings per share (EPS) of $11.27, a net margin of 15.52%, and a return on equity (ROE) of 34.46%. The next earnings report is scheduled for October 21, 2026.

Dividend

IBM pays an annual dividend of $6.76 per share, which yields 2.94%. The company's dividend payout ratio is 59.77%, reflecting a commitment to returning capital to shareholders.

About International Business Machines Corporation

International Business Machines Corporation, commonly known as IBM, is a global technology company based in Armonk, New York. It provides a wide range of services and solutions, including software, consulting, infrastructure, and financing. The company is led by CEO Arvind Krishna and employs around 264,300 people. IBM is recognized for its innovation in hybrid cloud and AI solutions, serving clients worldwide across various industries.

Bottom Line

Thurston Springer's significant reduction in IBM shares is a notable move, reflecting a shift in the firm's investment strategy. Investors often track such filings for insights into institutional sentiment. Keep in mind, however, that 13F filings are historical snapshots and may not reflect current positions.