PKS Advisory Services LLC Takes Position in International Business Machines Co. (NYSE:IBM)

PKS Advisory Services LLC bought a new stake in International Business Machines Co. (NYSE:IBM - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,149 shares of the technology company's stock, valued at approximately $912,000.

A number of other hedge funds also recently added to or reduced their stakes in IBM. Compass Financial Services Inc acquired a new position in International Business Machines during the fourth quarter worth $26,000. Vision Financial Markets LLC acquired a new position in shares of International Business Machines during the 4th quarter worth $31,000. Avondale Wealth Management boosted its position 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 buying an additional 56 shares in the last quarter. Valued Wealth Advisors LLC grew its stake in International Business Machines by 134.3% in the 4th quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock valued at $35,000 after acquiring an additional 90 shares during the last quarter. Finally, Rialto Wealth Management LLC purchased a new position in International Business Machines during the 4th quarter valued at about $35,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, SVP Robert David Thomas sold 26,543 shares of the firm'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 sale, the senior vice president now directly owns 45,007 shares of the company's stock, valued at approximately $11,387,221.07. This trade represents a 37.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is currently owned by insiders.

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Analysts Set New Price Targets

IBM has been the topic of several research reports. Morgan Stanley increased their price target on shares of International Business Machines from $217.00 to $228.00 and gave the company an "equal weight" rating in a research report on Thursday, January 30th. StockNews.com downgraded International Business Machines from a "buy" rating to a "hold" rating in a research report on Saturday, March 15th. Royal Bank of Canada restated an "outperform" rating and issued a $250.00 price objective on shares of International Business Machines in a research report on Monday, January 27th. Sanford C. Bernstein lifted their price objective 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. Finally, UBS Group upped their target price on shares of International Business Machines from $150.00 to $160.00 and gave the company a "sell" rating in a report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, International Business Machines currently has a consensus rating of "Hold" and a consensus target price of $231.44.

International Business Machines Trading Up 0.6 %

Shares of International Business Machines stock traded up $1.56 during trading hours on Tuesday, reaching $250.01. The stock had a trading volume of 3,132,915 shares, compared to its average volume of 3,902,187. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $266.45. The firm has a market capitalization of $231.83 billion, a price-to-earnings ratio of 39.00, a P/E/G ratio of 5.81 and a beta of 0.74. The firm has a 50 day simple moving average of $248.04 and a two-hundred day simple moving average of $230.76.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, beating analysts' consensus estimates of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. As a group, equities research analysts anticipate that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were given a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend was Monday, February 10th. International Business Machines's dividend payout ratio (DPR) is presently 104.21%.

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.