James Hambro & Partners LLP Cuts Stock Holdings in International Business Machines Corporation $IBM

James Hambro & Partners LLP reduced its position in International Business Machines Corporation (NYSE:IBM) by 12.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,618 shares of the technology company’s stock after selling 7,308 shares during the period. International Business Machines comprises about 0.5% of James Hambro & Partners LLP’s portfolio, making the stock its 23rd biggest holding. James Hambro & Partners LLP’s holdings in International Business Machines were worth $14,992,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mountain Hill Investment Partners Corp. acquired a new position in shares of International Business Machines in the third quarter worth about $28,000. SWAN Capital LLC acquired a new stake in shares of International Business Machines during the 3rd quarter valued at about $28,000. Trifecta Capital Advisors LLC increased its stake in shares of International Business Machines by 129.1% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 126 shares of the technology company’s stock valued at $36,000 after purchasing an additional 71 shares in the last quarter. American Wealth Advisors LLC purchased a new position in shares of International Business Machines in the 3rd quarter valued at about $40,000. Finally, Davis Capital Management acquired a new position in International Business Machines in the 3rd quarter worth about $54,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Price Performance

Shares of International Business Machines stock opened at $237.17 on Tuesday. The stock has a market capitalization of $222.47 billion, a P/E ratio of 21.27, a PEG ratio of 2.37 and a beta of 0.73. The business has a 50 day simple moving average of $264.11 and a two-hundred day simple moving average of $284.53. International Business Machines Corporation has a 12 month low of $214.50 and a 12 month high of $324.90. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.96 and a quick ratio of 0.92.

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

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 10th were paid a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Tuesday, February 10th. International Business Machines’s payout ratio is 60.27%.

Insiders Place Their Bets

In other International Business Machines news, Director Michael Miebach bought 434 shares of International Business Machines stock in a transaction dated Wednesday, February 25th. The stock was acquired at an average cost 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 of the company’s stock, valued at approximately $101,265.22. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director David N. Farr purchased 1,000 shares of the firm’s stock in a transaction dated Friday, January 30th. The stock was acquired at an average cost of $304.00 per share, for a total transaction of $304,000.00. Following the completion of the purchase, the director owned 9,258 shares of the company’s stock, valued at approximately $2,814,432. This represents a 12.11% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought 1,484 shares of company stock valued at $417,157 in the last ninety days. Insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on IBM. Erste Group Bank lowered International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Bank of America upped their target price on International Business Machines from $315.00 to $335.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. DZ Bank raised shares of International Business Machines to a “hold” rating in a research note on Wednesday, February 11th. Oppenheimer set a $380.00 price target on shares of International Business Machines and gave the stock an “outperform” rating in a report on Thursday, January 29th. Finally, Jefferies Financial Group restated a “buy” rating on shares of International Business Machines in a research report on Monday, February 23rd. One 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $314.60.

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.