Hamilton Capital LLC Acquires New Stake in International Business Machines Corporation

Hamilton Capital LLC has acquired a new position in International Business Machines Corporation (NYSE:IBM), purchasing 2,504 shares valued at approximately $704,000. This acquisition occurred during the second quarter, as reported by the company's most recent disclosure with the Securities and Exchange Commission.

The institutional investor is not alone in its interest in IBM; other hedge funds have also recently bought and sold shares of the company. BlackRock Inc., for example, acquired a new stake in International Business Machines during the second quarter worth approximately $21,586,659,000.

IBM's price performance has been a topic of discussion among analysts, with 16 research firms assigning a 'buy' rating to the stock and an average price target of $265.90.