Cutler Investment Counsel LLC Has $12.97 Million Holdings in International Business Machines Corporation $IBM

Cutler Investment Counsel LLC cut its holdings in International Business Machines Corporation (NYSE:IBM) by 1.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 44,000 shares of the technology company’s stock after selling 628 shares during the quarter. International Business Machines accounts for 1.4% of Cutler Investment Counsel LLC’s investment portfolio, making the stock its 24th largest holding. Cutler Investment Counsel LLC’s holdings in International Business Machines were worth $12,970,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Revolve Wealth Partners LLC lifted its stake in International Business Machines by 15.0% in the second quarter. Revolve Wealth Partners LLC now owns 2,467 shares of the technology company’s stock valued at $727,000 after buying an additional 322 shares during the period. Jag Capital Management LLC increased its holdings in shares of International Business Machines by 2,687.9% during the second quarter. Jag Capital Management LLC now owns 36,522 shares of the technology company’s stock valued at $10,766,000 after acquiring an additional 35,212 shares in the last quarter. Cornerstone Wealth Group LLC increased its holdings in shares of International Business Machines by 13.3% during the second quarter. Cornerstone Wealth Group LLC now owns 4,599 shares of the technology company’s stock valued at $1,356,000 after acquiring an additional 539 shares in the last quarter. Elmwood Wealth Management Inc. bought a new stake in shares of International Business Machines during the second quarter valued at approximately $215,000. Finally, Kellett Wealth Advisors LLC increased its holdings in shares of International Business Machines by 4.4% during the second quarter. Kellett Wealth Advisors LLC now owns 1,136 shares of the technology company’s stock valued at $335,000 after acquiring an additional 48 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Wall Street Zen upgraded International Business Machines from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. BMO Capital Markets boosted their price objective on International Business Machines from $260.00 to $300.00 and gave the company a “market perform” rating in a report on Friday, July 18th. JPMorgan Chase & Co. boosted their price objective on International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Erste Group Bank downgraded International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Finally, UBS Group upped their price target on International Business Machines from $195.00 to $200.00 and gave the stock a “sell” rating in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, International Business Machines presently has an average rating of “Hold” and an average target price of $284.62.

International Business Machines Trading Down 0.2%

Shares of International Business Machines stock opened at $277.21 on Tuesday. The company has a market capitalization of $257.64 billion, a P/E ratio of 45.00, a price-to-earnings-growth ratio of 4.28 and a beta of 0.73. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. The stock has a fifty day simple moving average of $258.69 and a 200 day simple moving average of $261.01. International Business Machines Corporation has a 12-month low of $203.51 and a 12-month high of $301.04.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.65 by $0.15. The firm had revenue of $16.98 billion during the quarter, compared to the consensus estimate of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were paid a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Friday, August 8th. International Business Machines’s dividend payout ratio is 109.09%.

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.