James Hambro & Partners LLP Has $15.91 Million Stock Position in International Business Machines Co. (NYSE:IBM)

James Hambro & Partners LLP lessened its position in shares of International Business Machines Co. (NYSE:IBM) by 3.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 71,988 shares of the technology company’s stock after selling 2,881 shares during the quarter. International Business Machines accounts for about 0.7% of James Hambro & Partners LLP’s investment portfolio, making the stock its 22nd largest holding. James Hambro & Partners LLP’s holdings in International Business Machines were worth $15,911,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. FPC Investment Advisory Inc. acquired a new stake in International Business Machines during the 1st quarter worth $26,000. ESL Trust Services LLC acquired a new stake in International Business Machines during the 1st quarter worth approximately $28,000. Oliver Lagore Vanvalin Investment Group bought a new position in International Business Machines in the second quarter valued at approximately $36,000. Financial Synergies Wealth Advisors Inc. boosted its holdings in shares of International Business Machines by 164.0% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock valued at $38,000 after buying an additional 123 shares during the period. Finally, Wolff Wiese Magana LLC increased its position in shares of International Business Machines by 37.0% during the second quarter. Wolff Wiese Magana LLC now owns 222 shares of the technology company’s stock worth $38,000 after acquiring an additional 60 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on IBM shares. Bernstein Bank boosted their price objective on shares of International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a research report on Thursday, October 3rd. DZ Bank lowered International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price target on the stock. in a report on Wednesday, October 2nd. UBS Group increased their price objective on International Business Machines from $130.00 to $145.00 and gave the stock a “sell” rating in a report on Wednesday, September 4th. Hsbc Global Res upgraded International Business Machines to a “moderate sell” rating in a research note on Friday, July 26th. Finally, Jefferies Financial Group upped their price target on International Business Machines from $200.00 to $245.00 and gave the stock a “hold” rating in a research report on Monday. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, International Business Machines presently has a consensus rating of “Hold” and an average price target of $205.71.

International Business Machines Stock Performance

Shares of NYSE:IBM traded down $0.82 on Monday, hitting $231.38. The company had a trading volume of 1,062,916 shares, compared to its average volume of 4,180,008. The stock has a 50 day moving average price of $212.19 and a 200 day moving average price of $189.14. The company has a current ratio of 1.12, a quick ratio of 1.08 and a debt-to-equity ratio of 2.20. The stock has a market cap of $212.55 billion, a price-to-earnings ratio of 26.26, a P/E/G ratio of 5.21 and a beta of 0.70. International Business Machines Co. has a 1-year low of $135.87 and a 1-year high of $237.37.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.27. The company had revenue of $15.77 billion during the quarter, compared to analysts’ expectations of $15.62 billion. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The business’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.18 earnings per share. Analysts expect that International Business Machines Co. will post 10.1 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend was Friday, August 9th. International Business Machines’s dividend payout ratio is currently 75.65%.

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.