6,514 Shares in International Business Machines Corporation $IBM Acquired by Kilter Group LLC

Kilter Group LLC acquired a new position in shares of International Business Machines Corporation (NYSE:IBM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,514 shares of the technology company’s stock, valued at approximately $1,832,000. International Business Machines comprises approximately 0.7% of Kilter Group LLC’s holdings, making the stock its 8th largest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. Basepoint Wealth LLC acquired a new position in shares of International Business Machines during the 4th quarter valued at about $25,000. Portus Wealth Advisors LLC acquired a new stake in International Business Machines during the first quarter worth about $26,000. Harborfront Financial Group LLC purchased a new position in International Business Machines during the second quarter worth about $27,000. Cornerstone Financial Management LLC purchased a new position in International Business Machines during the fourth quarter worth about $28,000. Finally, Hara Capital LLC acquired a new position in International Business Machines in the 2nd quarter valued at about $28,000. 58.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at International Business Machines

In other news, SVP Robert Thomas sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $230.32, for a total transaction of $5,758,000.00. Following the completion of the sale, the senior vice president owned 47,800 shares in the company, valued at approximately $11,009,296. The trade was a 34.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on IBM shares. HSBC set a $175.00 price target on shares of International Business Machines and gave the company a “reduce” rating in a research report on Thursday, July 16th. Oppenheimer lowered International Business Machines from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 15th. Robert W. Baird assumed coverage on International Business Machines in a research note on Tuesday, July 21st. They set a “neutral” rating and a $230.00 target price for the company. Citigroup reduced their target price on International Business Machines from $255.00 to $245.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. Finally, Wedbush set a $350.00 price target on International Business Machines in a research note on Tuesday, June 2nd. Sixteen investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $265.90.

International Business Machines Trading Up 0.1%

Shares of NYSE:IBM opened at $234.87 on Friday. The company has a market cap of $221.28 billion, a PE ratio of 20.84, a P/E/G ratio of 2.24 and a beta of 0.71. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 1.63. The company’s 50 day moving average is $241.67 and its two-hundred day moving average is $247.13. International Business Machines Corporation has a 52 week low of $199.19 and a 52 week high of $332.46.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, July 22nd. The technology company reported $2.93 EPS for the quarter, meeting analysts’ consensus estimates of $2.93. The business had revenue of $17.16 billion for the quarter, compared to the consensus estimate of $17.46 billion. International Business Machines had a return on equity of 35.65% and a net margin of 15.52%.The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.80 EPS. Equities analysts predict that International Business Machines Corporation will post 12.33 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be issued a dividend of $1.69 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $6.76 dividend on an annualized basis and a yield of 2.9%. International Business Machines’s dividend payout ratio (DPR) is presently 59.98%.

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.