Kiker Wealth Management LLC Invests $638,000 in International Business Machines Co. (NYSE:IBM)

Kiker Wealth Management LLC purchased a new stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 2,901 shares of the technology company's stock, valued at approximately $638,000.

Other hedge funds also recently modified their holdings of the company. Compass Financial Services Inc bought a new position in International Business Machines during the fourth quarter valued at about $26,000. Vision Financial Markets LLC bought a new position in shares of International Business Machines during the 4th quarter valued at about $31,000. Avondale Wealth Management grew its stake in shares of International Business Machines by 56.0% in the 4th quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock worth $34,000 after purchasing an additional 56 shares during the last quarter. Valued Wealth Advisors LLC raised its holdings 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 in the last quarter. Finally, Rialto Wealth Management LLC acquired a new stake in International Business Machines during the fourth quarter valued at approximately $35,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at International Business Machines

In other news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $253.01, for a total value of $6,715,644.43. Following the transaction, the senior vice president now owns 45,007 shares of the company's stock, valued at $11,387,221.07. This trade represents a 37.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

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International Business Machines Stock Up 1.9 %

Shares of NYSE IBM traded up $4.62 during trading hours on Monday, hitting $248.49. The stock had a trading volume of 4,752,377 shares, compared to its average volume of 3,904,111. The firm's 50-day moving average price is $247.40 and its two-hundred day moving average price is $230.42. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $266.45. The company has a market capitalization of $230.42 billion, a P/E ratio of 38.77, a P/E/G ratio of 5.81 and a beta of 0.74. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04.

International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. Analysts anticipate that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were issued a dividend of $1.67 per share. The ex-dividend date was Monday, February 10th. This represents a $6.68 annualized dividend and a yield of 2.69%. International Business Machines's dividend payout ratio (DPR) is currently 104.21%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on IBM. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $250.00 price target on shares of International Business Machines in a report on Monday, January 27th. The Goldman Sachs Group reiterated a "buy" rating on shares of International Business Machines in a research report on Wednesday, February 5th. Wedbush initiated coverage on shares of International Business Machines in a report on Monday, February 3rd. They issued an "outperform" rating for the company. Morgan Stanley lifted their price objective on shares of International Business Machines from $217.00 to $228.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 30th. Finally, Sanford C. Bernstein raised their target price on International Business Machines from $210.00 to $215.00 and gave the stock a "market perform" rating in a research report on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, International Business Machines currently has an average rating of "Hold" and a consensus target price of $231.44.

International Business Machines Company Profile

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.