Cutler Investment Counsel LLC Has $7.86 Million Stock Position in International Business Machines Co. (NYSE:IBM)

Cutler Investment Counsel LLC lifted its holdings in shares of International Business Machines Co. (NYSE:IBM) by 5.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 48,050 shares of the technology company’s stock after acquiring an additional 2,673 shares during the period. Cutler Investment Counsel LLC’s holdings in International Business Machines were worth $7,859,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in International Business Machines by 0.4% during the third quarter. Vanguard Group Inc. now owns 82,076,195 shares of the technology company’s stock worth $11,515,290,000 after acquiring an additional 365,388 shares in the last quarter. Morgan Stanley lifted its holdings in International Business Machines by 22.8% during the 4th quarter. Morgan Stanley now owns 16,592,094 shares of the technology company’s stock valued at $2,337,660,000 after purchasing an additional 3,084,458 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in International Business Machines by 7.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 16,297,545 shares of the technology company’s stock valued at $2,119,007,000 after buying an additional 1,105,170 shares in the last quarter. Moneta Group Investment Advisors LLC grew its stake in International Business Machines by 98,797.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 11,029,001 shares of the technology company’s stock worth $1,553,876,000 after buying an additional 11,017,849 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of International Business Machines by 4.2% during the third quarter. Northern Trust Corp now owns 9,970,674 shares of the technology company’s stock worth $1,398,886,000 after buying an additional 404,948 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on IBM. Sanford C. Bernstein increased their price target on International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a research report on Thursday, March 7th. Stifel Nicolaus reiterated a “buy” rating and set a $190.00 target price on shares of International Business Machines in a report on Wednesday. Jefferies Financial Group initiated coverage on shares of International Business Machines in a research report on Friday, January 5th. They set a “hold” rating and a $180.00 price objective for the company. Bank of America boosted their target price on International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Finally, StockNews.com cut shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $178.67.

International Business Machines Stock Performance

International Business Machines stock traded up $0.36 during trading hours on Friday, hitting $181.83. The company had a trading volume of 1,299,358 shares, compared to its average volume of 4,757,104. The firm has a 50-day moving average of $188.56 and a 200 day moving average of $168.63. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.96 and a quick ratio of 0.93. The firm has a market cap of $166.69 billion, a PE ratio of 22.35, a PEG ratio of 3.58 and a beta of 0.70. International Business Machines Co. has a one year low of $120.55 and a one year high of $199.18.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share for the quarter, topping analysts’ consensus estimates of $3.78 by $0.09. The company had revenue of $17.38 billion for the quarter, compared to analyst estimates of $17.29 billion. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the company earned $3.60 earnings per share. On average, sell-side analysts expect that International Business Machines Co. will post 10.07 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were issued a $1.66 dividend. The ex-dividend date was Thursday, February 8th. This represents a $6.64 annualized dividend and a yield of 3.65%. International Business Machines’s dividend payout ratio is presently 81.67%.

About International Business Machines

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.