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

James Hambro & Partners LLP trimmed its stake in International Business Machines Corporation (NYSE:IBM) by 12.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,618 shares of the technology company’s stock after selling 7,308 shares during the period. International Business Machines accounts for 0.5% of James Hambro & Partners LLP’s portfolio, making the stock its 23rd largest position. James Hambro & Partners LLP’s holdings in International Business Machines were worth $14,992,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Mountain Hill Investment Partners Corp. purchased a new position in International Business Machines in the third quarter valued at about $28,000. SWAN Capital LLC purchased a new stake in shares of International Business Machines during the third quarter valued at about $28,000. Trifecta Capital Advisors LLC boosted its holdings 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 buying 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 worth approximately $40,000. Finally, Davis Capital Management bought a new position in shares of International Business Machines during the 3rd quarter worth approximately $54,000. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

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

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, January 28th. The technology company reported $4.52 EPS for the quarter, beating the consensus estimate of $4.33 by $0.19. International Business Machines had a net margin of 15.69% and a return on equity of 38.15%. The business had revenue of $19.69 billion for the quarter, compared to the consensus estimate of $19.23 billion. During the same period in the prior year, the firm earned $3.92 EPS. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 10th were given 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 dividend payout ratio (DPR) is currently 60.27%.

Insider Activity

In related news, Director Michael Miebach bought 434 shares of the stock in a transaction dated Wednesday, February 25th. The shares were purchased at an average price of $233.33 per share, for a total transaction of $101,265.22. Following the completion of the purchase, the director directly owned 434 shares of the company’s stock, valued at $101,265.22. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David N. Farr bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, January 30th. The shares were bought at an average cost of $304.00 per share, for a total transaction of $304,000.00. Following the completion of the acquisition, the director owned 9,258 shares of the company’s stock, valued at $2,814,432. This trade represents a 12.11% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 1,484 shares of company stock worth $417,157 over the last ninety days. 0.27% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on IBM. Sanford C. Bernstein restated a “market perform” rating on shares of International Business Machines in a research note on Wednesday, December 10th. BMO Capital Markets reduced their price target on International Business Machines from $350.00 to $290.00 and set a “market perform” rating on the stock in a research report on Thursday, March 19th. Evercore increased their price objective on International Business Machines from $330.00 to $345.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. Weiss Ratings reissued a “buy (b)” rating on shares of International Business Machines in a research report on Thursday, January 22nd. Finally, JPMorgan Chase & Co. dropped their target price on International Business Machines from $317.00 to $283.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 18th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.