Cutler Investment Counsel LLC held its stake in International Business Machines Corporation (NYSE:IBM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,162 shares of the technology company’s stock at the close of the 2nd quarter. Cutler Investment Counsel LLC’s holdings in International Business Machines were worth $333,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. DekaBank Deutsche Girozentrale lifted its position in shares of International Business Machines by 70.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 646,799 shares of the technology company’s stock valued at $112,830,000 after acquiring an additional 267,588 shares during the period. Grisanti Capital Management LLC lifted its position in shares of International Business Machines by 2.0% during the 1st quarter. Grisanti Capital Management LLC now owns 1,027 shares of the technology company’s stock valued at $179,000 after acquiring an additional 20 shares during the period. Daiwa Securities Group Inc. lifted its position in shares of International Business Machines by 5.9% during the 1st quarter. Daiwa Securities Group Inc. now owns 53,060 shares of the technology company’s stock valued at $9,240,000 after acquiring an additional 2,970 shares during the period. Massmutual Trust Co. FSB ADV lifted its position in shares of International Business Machines by 89.1% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 27,443 shares of the technology company’s stock valued at $4,779,000 after acquiring an additional 12,928 shares during the period. Finally, Checchi Capital Advisers LLC lifted its position in shares of International Business Machines by 7.9% during the 1st quarter. Checchi Capital Advisers LLC now owns 13,052 shares of the technology company’s stock valued at $2,273,000 after acquiring an additional 954 shares during the period. 57.26% of the stock is currently owned by institutional investors.

International Business Machines Corporation (IBM) opened at $154.81 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 2.09. The firm has a market capitalization of $143,321.70, a price-to-earnings ratio of 11.33, a price-to-earnings-growth ratio of 2.27 and a beta of 0.94. International Business Machines Corporation has a twelve month low of $139.13 and a twelve month high of $182.79.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.28 by $0.02. The company had revenue of $19.15 billion during the quarter, compared to the consensus estimate of $18.63 billion. International Business Machines had a return on equity of 68.68% and a net margin of 14.43%. International Business Machines’s revenue was down .4% on a year-over-year basis. During the same period in the previous year, the firm posted $3.29 EPS. equities research analysts anticipate that International Business Machines Corporation will post 13.8 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Saturday, December 9th. Shareholders of record on Friday, November 10th were issued a $1.50 dividend. The ex-dividend date was Thursday, November 9th. This represents a $6.00 annualized dividend and a yield of 3.88%. International Business Machines’s dividend payout ratio (DPR) is presently 50.13%.

IBM has been the subject of a number of research reports. UBS reiterated a “hold” rating and set a $152.00 price target on shares of International Business Machines in a research report on Tuesday, September 5th. Vetr upgraded shares of International Business Machines from a “buy” rating to a “strong-buy” rating and set a $165.26 price target for the company in a research report on Wednesday, November 15th. BidaskClub upgraded shares of International Business Machines from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Morgan Stanley restated an “overweight” rating and set a $192.00 price objective on shares of International Business Machines in a research report on Wednesday, August 23rd. Finally, KeyCorp restated a “hold” rating on shares of International Business Machines in a research report on Friday, November 3rd. Eight analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. International Business Machines has a consensus rating of “Hold” and a consensus target price of $159.24.

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International Business Machines Profile

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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