International Business Machines Co. (NYSE:IBM) is Wilkins Investment Counsel Inc.'s 6th Largest Position

Wilkins Investment Counsel Inc. lowered its position in International Business Machines Co. (NYSE:IBM - Free Report) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 99,028 shares of the technology company's stock after selling 1,556 shares during the period. International Business Machines makes up approximately 3.1% of Wilkins Investment Counsel Inc.'s investment portfolio, making the stock its 6th largest holding. Wilkins Investment Counsel Inc.'s holdings in International Business Machines were worth $21,769,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of IBM. Compass Financial Services Inc acquired a new stake in shares of International Business Machines in the fourth quarter worth $26,000. Vision Financial Markets LLC acquired a new stake in International Business Machines during the 4th quarter worth about $31,000. Avondale Wealth Management raised its stake in shares of International Business Machines by 56.0% during the 4th quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock valued at $34,000 after buying an additional 56 shares during the last quarter. Valued Wealth Advisors LLC lifted 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 valued at $35,000 after buying an additional 90 shares during the period. Finally, Rialto Wealth Management LLC purchased a new stake in shares of International Business Machines in the fourth quarter worth about $35,000. Institutional investors and hedge funds own 58.96% of the company's stock.

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International Business Machines Price Performance

Shares of NYSE:IBM traded up $0.43 during trading on Friday, reaching $243.75. The stock had a trading volume of 9,566,862 shares, compared to its average volume of 3,900,703. The business has a fifty day moving average price of $246.77 and a 200-day moving average price of $229.91. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $266.45. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The stock has a market cap of $226.02 billion, a PE ratio of 38.03, a PEG ratio of 5.81 and a beta of 0.74.

International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (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%. On average, equities analysts forecast that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were issued a $1.67 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.74%. International Business Machines's payout ratio is 104.21%.

Analyst Ratings Changes

Several brokerages recently weighed in on IBM. The Goldman Sachs Group reiterated a "buy" rating on shares of International Business Machines in a research report on Wednesday, February 5th. Erste Group Bank raised shares of International Business Machines from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Wedbush began coverage on shares of International Business Machines in a research note on Monday, February 3rd. They issued an "outperform" rating for the company. Oppenheimer initiated coverage on shares of International Business Machines in a research report on Tuesday, February 11th. They set an "outperform" rating and a $320.00 price target on the stock. Finally, Sanford C. Bernstein upped their price objective on shares of 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 equities research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, International Business Machines presently has a consensus rating of "Hold" and an average price target of $231.44.

Insiders Place Their Bets

In related news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total value of $6,715,644.43. Following the completion of the sale, the senior vice president now 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.18% of the company's stock.

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.