TKG Advisors LLC Buys 6,274 Shares of International Business Machines Corporation (NYSE:IBM)

TKG Advisors LLC boosted its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 103.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,310 shares of the technology company's stock after purchasing an additional 6,274 shares during the period. International Business Machines accounts for about 1.5% of TKG Advisors LLC's investment portfolio, making the stock its 24th biggest holding. TKG Advisors LLC's holdings in International Business Machines were worth $3,061,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Wealth Dimensions Group Ltd. grew its position in International Business Machines by 1.0% in the 4th quarter. Wealth Dimensions Group Ltd. now owns 3,972 shares of the technology company's stock worth $873,000 after purchasing an additional 40 shares in the last quarter. Pallas Capital Advisors LLC lifted its position in shares of International Business Machines by 0.9% during the 1st quarter. Pallas Capital Advisors LLC now owns 4,805 shares of the technology company's stock worth $1,195,000 after buying an additional 42 shares in the last quarter. Titleist Asset Management LLC boosted its stake in shares of International Business Machines by 3.1% in the 4th quarter. Titleist Asset Management LLC now owns 1,431 shares of the technology company's stock worth $315,000 after buying an additional 43 shares during the last quarter. Range Financial Group LLC grew its holdings in shares of International Business Machines by 0.6% in the first quarter. Range Financial Group LLC now owns 7,350 shares of the technology company's stock valued at $1,828,000 after acquiring an additional 43 shares in the last quarter. Finally, Private Wealth Partners LLC increased its position in shares of International Business Machines by 1.7% during the first quarter. Private Wealth Partners LLC now owns 2,647 shares of the technology company's stock valued at $658,000 after acquiring an additional 43 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Price Performance

Shares of IBM traded up $4.01 during mid-day trading on Friday, reaching $291.66. 1,853,289 shares of the stock traded hands, compared to its average volume of 4,223,087. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 2.09. International Business Machines Corporation has a 1 year low of $173.95 and a 1 year high of $296.16. The company has a market cap of $271.06 billion, a price-to-earnings ratio of 50.20, a price-to-earnings-growth ratio of 6.04 and a beta of 0.69. The firm has a fifty day moving average price of $267.18 and a 200 day moving average price of $249.22.

International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.42 by $0.18. International Business Machines had a return on equity of 37.43% and a net margin of 8.71%. The business had revenue of $14.54 billion during the quarter, compared to analysts' expectations of $14.41 billion. During the same period in the previous year, the business earned $1.68 earnings per share. The firm's revenue was up .5% on a year-over-year basis. As a group, equities research analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were given a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.30%. This is a boost from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio is 115.66%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Wedbush boosted their price objective on International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a research report on Friday, June 20th. Royal Bank Of Canada lifted their target price on International Business Machines from $276.00 to $285.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Erste Group Bank upgraded shares of International Business Machines from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Citigroup reaffirmed an "outperform" rating on shares of International Business Machines in a research report on Saturday, May 10th. Finally, KGI Securities set a $242.00 target price on shares of International Business Machines and gave the company a "hold" rating in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $257.50.

About International Business Machines

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.