International Business Machines Corporation $IBM Shares Sold by James Hambro & Partners LLP

James Hambro & Partners LLP reduced its position in shares of International Business Machines Corporation (NYSE:IBM) by 7.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,926 shares of the technology company’s stock after selling 4,463 shares during the period. International Business Machines accounts for about 0.6% of James Hambro & Partners LLP’s portfolio, making the stock its 24th largest holding. James Hambro & Partners LLP’s holdings in International Business Machines were worth $16,346,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in IBM. Gilman Hill Asset Management LLC raised its stake in International Business Machines by 2.0% in the 3rd quarter. Gilman Hill Asset Management LLC now owns 5,461 shares of the technology company’s stock valued at $1,541,000 after purchasing an additional 106 shares during the last quarter. BayBridge Capital Group LLC boosted its stake in International Business Machines by 15.5% during the 3rd quarter. BayBridge Capital Group LLC now owns 6,104 shares of the technology company’s stock worth $1,722,000 after purchasing an additional 820 shares during the last quarter. Optas LLC grew its holdings in shares of International Business Machines by 11.2% during the third quarter. Optas LLC now owns 3,058 shares of the technology company’s stock worth $863,000 after buying an additional 308 shares in the last quarter. Integris Wealth Management LLC raised its position in shares of International Business Machines by 19.5% in the third quarter. Integris Wealth Management LLC now owns 1,939 shares of the technology company’s stock valued at $547,000 after buying an additional 317 shares during the last quarter. Finally, GLOBALT Investments LLC GA raised its position in shares of International Business Machines by 1,143.6% in the third quarter. GLOBALT Investments LLC GA now owns 15,358 shares of the technology company’s stock valued at $4,333,000 after buying an additional 14,123 shares during the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

IBM has been the subject of several research reports. Weiss Ratings raised shares of International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research note on Saturday, October 25th. Wall Street Zen cut International Business Machines from a “buy” rating to a “hold” rating in a report on Saturday. Erste Group Bank upgraded International Business Machines from a “hold” rating to a “buy” rating in a research report on Friday, December 5th. Jefferies Financial Group increased their price target on International Business Machines from $280.00 to $305.00 and gave the company a “hold” rating in a report on Tuesday, October 21st. Finally, Sanford C. Bernstein reissued a “market perform” rating on shares of International Business Machines in a research note on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, International Business Machines currently has an average rating of “Moderate Buy” and a consensus price target of $293.38.

International Business Machines Stock Up 0.4%

IBM stock opened at $303.93 on Wednesday. International Business Machines Corporation has a one year low of $214.50 and a one year high of $324.90. The firm has a market cap of $284.09 billion, a PE ratio of 36.35, a PEG ratio of 3.02 and a beta of 0.69. The firm’s 50 day moving average price is $302.10 and its 200-day moving average price is $280.26. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.89 and a current ratio of 0.93.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.20. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The company had revenue of $16.33 billion during the quarter, compared to analyst estimates of $16.10 billion. During the same period in the prior year, the business posted $2.30 earnings per share. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, equities research 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 disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 10th were issued a $1.68 dividend. This represents a $6.72 annualized dividend and a yield of 2.2%. The ex-dividend date was Monday, November 10th. International Business Machines’s payout ratio is 80.38%.

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.