KFG Wealth Management LLC Increases Stock Holdings in International Business Machines Corporation $IBM

Key Points

• KFG Wealth Management LLC increased its stake in IBM by 275% in Q4, owning 3,281 shares after buying an additional 2,406 shares, valued at about $972,000 at the end of the period.
• Company insiders have been buying stock recently — Director David N. Farr bought 1,000 shares at $304 and Director Michael Miebach bought 434 shares — with insiders acquiring 1,484 shares worth $417,157 over the last 90 days (insiders own 0.27%).
• IBM beat quarterly expectations (EPS $4.52 vs. $4.33 est.; revenue $19.69B, +12.2% YoY), pays a $1.68 quarterly dividend (2.7% yield), and holds a MarketBeat consensus rating of Moderate Buy with a $314.60 target.

KFG Wealth Management LLC increased its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 275.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 3,281 shares of the technology company's stock after acquiring an additional 2,406 shares during the period. KFG Wealth Management LLC's holdings in International Business Machines were worth $972,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IBM. Vanguard Group Inc. lifted its position in shares of International Business Machines by 0.8% during the third quarter. Vanguard Group Inc. now owns 95,776,307 shares of the technology company's stock worth $27,024,243,000 after purchasing an additional 724,832 shares in the last quarter. State Street Corp grew its holdings in International Business Machines by 0.3% during the 2nd quarter. State Street Corp now owns 54,536,963 shares of the technology company's stock valued at $16,076,406,000 after purchasing an additional 147,721 shares in the last quarter. Capital World Investors increased its stake in International Business Machines by 13.9% during the 3rd quarter. Capital World Investors now owns 17,045,156 shares of the technology company's stock worth $4,809,461,000 after buying an additional 2,077,506 shares during the period. Legal & General Group Plc lifted its holdings in International Business Machines by 2.5% in the 3rd quarter. Legal & General Group Plc now owns 7,302,722 shares of the technology company's stock worth $2,060,536,000 after buying an additional 176,219 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in International Business Machines by 0.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,563,164 shares of the technology company's stock valued at $1,639,966,000 after buying an additional 46,924 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

Insider Transactions at International Business Machines

In related news, Director David N. Farr bought 1,000 shares of the stock in a transaction on Friday, January 30th. The shares were purchased at an average price of $304.00 per share, with a total value of $304,000.00. Following the purchase, the director owned 9,258 shares in the company, valued at approximately $2,814,432. This represents a 12.11% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael Miebach purchased 434 shares of the company's stock in a transaction on Wednesday, February 25th. The shares were bought at an average price of $233.33 per share, for a total transaction of $101,265.22. Following the completion of the transaction, the director directly owned 434 shares in the company, valued at $101,265.22. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have purchased 1,484 shares of company stock worth $417,157. Company insiders own 0.27% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on IBM. Weiss Ratings restated a "buy (b)" rating on shares of International Business Machines in a research note on Thursday, January 22nd. Bank of America increased their price target on International Business Machines from $315.00 to $335.00 and gave the company a "buy" rating in a report on Tuesday, January 13th. JPMorgan Chase & Co. lowered their price objective on International Business Machines from $317.00 to $283.00 and set a "neutral" rating for the company in a research note on Wednesday, March 18th. UBS Group upgraded International Business Machines from a "sell" rating to a "neutral" rating and set a $236.00 price objective on the stock in a report on Wednesday, February 25th. Finally, Oppenheimer set a $380.00 target price on International Business Machines and gave the company an "outperform" rating in a research note on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $314.60.

International Business Machines Stock Down 0.8%

NYSE:IBM opened at $246.25 on Tuesday. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 1.67. The firm has a market capitalization of $230.99 billion, a PE ratio of 22.09, a price-to-earnings-growth ratio of 2.47 and a beta of 0.69. International Business Machines Corporation has a 52 week low of $214.50 and a 52 week high of $324.90. The stock has a 50 day moving average of $259.22 and a 200-day moving average of $284.08.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings results on Wednesday, January 28th. The technology company reported $4.52 EPS for the quarter, topping the consensus estimate of $4.33 by $0.19. International Business Machines had a net margin of 15.69% and a return on equity of 38.15%. The business had revenue of $19.69 billion during the quarter, compared to analyst estimates of $19.23 billion. During the same quarter in the prior year, the firm earned $3.92 earnings per share. The company's quarterly revenue was up 12.2% on a year-over-year basis. Analysts predict that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 10th were issued a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, February 10th. International Business Machines's dividend payout ratio (DPR) is 60.27%.

International Business Machines Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM's principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.

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