International Business Machines Co. (NYSE:IBM) Shares Purchased by KKM Financial LLC

KKM Financial LLC lifted its stake in International Business Machines Co. (NYSE:IBM) by 4.9% in the fourth quarter, HoldingsChannel reports. The fund owned 14,659 shares of the technology company’s stock after purchasing an additional 686 shares during the quarter. International Business Machines makes up 1.3% of KKM Financial LLC’s holdings, making the stock its 21st largest holding. KKM Financial LLC’s holdings in International Business Machines were worth $3,222,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Compass Financial Services Inc bought a new stake in shares of International Business Machines in the 4th quarter worth $26,000. Vision Financial Markets LLC bought a new stake in International Business Machines in the fourth quarter worth about $31,000. Valued Wealth Advisors LLC grew its stake in shares of International Business Machines by 134.3% in the 4th quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company’s stock worth $35,000 after purchasing an additional 90 shares during the last quarter. Rialto Wealth Management LLC bought a new stake in shares of International Business Machines in the 4th quarter worth approximately $35,000. Finally, Tacita Capital Inc lifted its stake in International Business Machines by 174.3% during the fourth quarter. Tacita Capital Inc now owns 192 shares of the technology company’s stock valued at $42,000 after purchasing an additional 122 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Insider Buying and Selling

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the completion of the transaction, the senior vice president now owns 45,007 shares of the company’s stock, valued at $11,387,221.07. The trade was a 37.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by insiders.

International Business Machines Trading Down 1.9 %

Shares of NYSE:IBM opened at $249.32 on Friday. International Business Machines Co. has a 1 year low of $163.53 and a 1 year high of $266.45. The firm has a fifty day moving average price of $243.01 and a 200 day moving average price of $234.80. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The stock has a market capitalization of $231.72 billion, a PE ratio of 38.90, a P/E/G ratio of 5.81 and a beta of 0.64.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.18. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The business had revenue of $14.54 billion for the quarter, compared to analyst estimates of $14.41 billion. During the same quarter in the prior year, the firm posted $1.68 EPS. The firm’s revenue for the quarter was up .5% on a year-over-year basis. Analysts expect that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be paid a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.70%. This is a boost from International Business Machines’s previous quarterly dividend of $1.67. International Business Machines’s payout ratio is presently 115.66%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Citigroup restated an “outperform” rating on shares of International Business Machines in a report on Saturday. Wedbush restated an “outperform” rating and set a $300.00 price objective on shares of International Business Machines in a report on Wednesday. KGI Securities set a $242.00 price objective on shares of International Business Machines and gave the company a “hold” rating in a research note on Thursday, April 24th. The Goldman Sachs Group reissued a “buy” rating on shares of International Business Machines in a research report on Wednesday, February 5th. Finally, Erste Group Bank upgraded shares of International Business Machines from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, International Business Machines presently has a consensus rating of “Hold” and a consensus target price of $248.50.

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.