Kilter Group LLC Invests $1.40 Million in International Business Machines Co. (NYSE:IBM)

Kilter Group LLC acquired a new position in International Business Machines Co. (NYSE:IBM - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,385 shares of the technology company's stock, valued at approximately $1,404,000. International Business Machines comprises 0.9% of Kilter Group LLC's investment portfolio, making the stock its 16th largest holding.

Several other institutional investors also recently modified their holdings of the stock. Compass Financial Services Inc bought a new position in International Business Machines during the fourth quarter valued at approximately $26,000. Vision Financial Markets LLC bought a new position in International Business Machines during the fourth quarter valued at approximately $31,000. Valued Wealth Advisors LLC grew its position in International Business Machines by 134.3% during the fourth 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. Rialto Wealth Management LLC bought a new position in shares of International Business Machines in the fourth quarter worth approximately $35,000. Finally, Tacita Capital Inc grew its holdings in shares of International Business Machines by 174.3% in the fourth quarter. Tacita Capital Inc now owns 192 shares of the technology company's stock worth $42,000 after purchasing an additional 122 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Stock Down 0.6%

International Business Machines stock traded down $1.44 on Thursday, hitting $258.80. 2,292,082 shares of the stock traded hands, compared to its average volume of 4,202,477. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The firm has a market cap of $240.53 billion, a P/E ratio of 40.37, a price-to-earnings-growth ratio of 5.81 and a beta of 0.64. The business's fifty day simple moving average is $245.98 and its 200 day simple moving average is $239.17. International Business Machines Co. has a 1 year low of $163.53 and a 1 year high of $269.28.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.42 by $0.18. The business had revenue of $14.54 billion during the quarter, compared to analyst estimates of $14.41 billion. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The company's revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the firm posted $1.68 earnings per share. As a group, sell-side analysts forecast that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th will be given a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.60%. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio (DPR) is currently 115.66%.

Analysts Set New Price Targets

IBM has been the topic of several recent analyst reports. UBS Group restated a "sell" rating and issued a $170.00 target price (up previously from $160.00) on shares of International Business Machines in a report on Wednesday, April 23rd. Citigroup restated an "outperform" rating on shares of International Business Machines in a report on Saturday, May 10th. Royal Bank of Canada raised their target price on shares of International Business Machines from $276.00 to $285.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. JPMorgan Chase & Co. raised 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, Jefferies Financial Group restated a "hold" rating on shares of International Business Machines in a report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, International Business Machines presently has a consensus rating of "Hold" and an average price target of $249.06.

Insider Buying and Selling at International Business Machines

In other news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction dated 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 transaction, the senior vice president now owns 45,007 shares of the company's stock, valued at $11,387,221.07. The trade was a 37.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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.