TKG Advisors LLC Sells 265 Shares of International Business Machines Co. (NYSE:IBM)

TKG Advisors LLC trimmed its position in shares of International Business Machines Co. (NYSE:IBM) by 4.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,036 shares of the technology company’s stock after selling 265 shares during the period. TKG Advisors LLC’s holdings in International Business Machines were worth $1,357,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Laidlaw Wealth Management LLC raised its stake in International Business Machines by 2.7% in the 4th quarter. Laidlaw Wealth Management LLC now owns 3,539 shares of the technology company’s stock valued at $778,000 after acquiring an additional 93 shares during the period. Financial Management Network Inc. increased its stake in shares of International Business Machines by 4.6% in the fourth quarter. Financial Management Network Inc. now owns 2,194 shares of the technology company’s stock worth $488,000 after purchasing an additional 96 shares in the last quarter. Plan Group Financial LLC raised its position in shares of International Business Machines by 9.2% in the fourth quarter. Plan Group Financial LLC now owns 4,619 shares of the technology company’s stock valued at $1,015,000 after purchasing an additional 388 shares during the period. Allied Investment Advisors LLC lifted its stake in shares of International Business Machines by 3.8% during the 4th quarter. Allied Investment Advisors LLC now owns 5,404 shares of the technology company’s stock valued at $1,188,000 after buying an additional 200 shares in the last quarter. Finally, Bank of Jackson Hole Trust purchased a new position in International Business Machines in the 4th quarter valued at approximately $86,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on IBM. Morgan Stanley raised their price target on International Business Machines from $217.00 to $228.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. BMO Capital Markets lifted their target price on International Business Machines from $260.00 to $280.00 and gave the company a “market perform” rating in a report on Thursday, January 30th. Sanford C. Bernstein raised their price objective on shares of International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. upped their target price on shares of International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Finally, StockNews.com upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $231.44.

International Business Machines Price Performance

IBM stock opened at $262.85 on Wednesday. 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 firm has a market cap of $243.04 billion, a P/E ratio of 41.01, a P/E/G ratio of 5.73 and a beta of 0.76. The firm’s fifty day moving average is $233.32 and its 200 day moving average is $220.66. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $265.72.

International Business Machines (NYSE:IBM) last released its 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 return on equity of 38.99% and a net margin of 9.60%. Research analysts predict that International Business Machines Co. will post 10.77 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be paid a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.54%. The ex-dividend date is Monday, February 10th. International Business Machines’s payout ratio is 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.