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Cullen Capital Management Buys New Stake in IBM Worth Over $71 Million

Guavy AI Editorial Team
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IBM
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Cullen Capital Management LLC has acquired a new stake in International Business Machines Corporation (NYSE:IBM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission.

The firm purchased 254,463 shares of IBM's stock, valued at approximately $71.6 million.

This is not the only institution that has modified its holdings in IBM recently - Orca Wealth Management LLC increased its stake by 3.7% during the fourth quarter and now owns 975 shares worth $285,000.

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