James Hambro & Partners LLP Sells 5,137 Shares of International Business Machines Co. (NYSE:IBM)

James Hambro & Partners LLP trimmed its stake in International Business Machines Co. (NYSE:IBM - Free Report) by 7.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 63,303 shares of the technology company's stock after selling 5,137 shares during the period. International Business Machines makes up approximately 0.7% of James Hambro & Partners LLP's portfolio, making the stock its 22nd biggest holding. James Hambro & Partners LLP's holdings in International Business Machines were worth $15,747,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Tallon Kerry Patrick bought a new position in International Business Machines in the fourth quarter valued at $902,000. Brighton Jones LLC boosted its holdings in shares of International Business Machines by 12.4% in the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock worth $4,619,000 after purchasing an additional 2,323 shares in the last quarter. Root Financial Partners LLC bought a new position in shares of International Business Machines during the 4th quarter valued at about $245,000. Blue Trust Inc. increased its position in shares of International Business Machines by 14.6% during the 4th quarter. Blue Trust Inc. now owns 20,962 shares of the technology company's stock valued at $4,608,000 after purchasing an additional 2,673 shares during the last quarter. Finally, Valeo Financial Advisors LLC raised its holdings in shares of International Business Machines by 0.7% during the 4th quarter. Valeo Financial Advisors LLC now owns 14,096 shares of the technology company's stock valued at $3,099,000 after buying an additional 96 shares in the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

IBM has been the subject of several research reports. Bank of America upped their target price on International Business Machines from $270.00 to $290.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. Royal Bank of Canada upped their price objective on shares of International Business Machines from $276.00 to $285.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. Jefferies Financial Group reaffirmed a "hold" rating on shares of International Business Machines in a report on Wednesday, April 23rd. Wedbush reissued an "outperform" rating and issued a $300.00 price target on shares of International Business Machines in a research note on Wednesday, May 7th. Finally, UBS Group restated a "sell" rating and set a $170.00 price target (up from $160.00) on shares of International Business Machines in a research report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $250.31.

International Business Machines Trading Down 1.5%

Shares of International Business Machines stock traded down $4.20 during midday trading on Friday, reaching $276.84. 3,242,911 shares of the company's stock traded hands, compared to its average volume of 4,237,292. The stock has a 50 day moving average of $252.60 and a 200-day moving average of $243.78. International Business Machines Co. has a 12 month low of $167.50 and a 12 month high of $283.06. The company has a market cap of $257.29 billion, a PE ratio of 43.19, a price-to-earnings-growth ratio of 5.81 and a beta of 0.66. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.42 by $0.18. The business had revenue of $14.54 billion during the quarter, compared to analyst estimates of $14.41 billion. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. The company's revenue for the quarter was up .5% on a year-over-year basis. During the same period in the prior year, the business earned $1.68 EPS. As a group, equities analysts expect that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were issued a dividend of $1.68 per share. This is an increase from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.43%. International Business Machines's dividend payout ratio is 115.66%.

International Business Machines Company Profile

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.