International Business Machines Corp. SVP Rodney C. Adkins Sells 11,731 Shares (IBM)
International Business Machines Corp. (NYSE:IBM) SVP Rodney C. Adkins sold 11,731 shares of International Business Machines Corp. stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $177.00, for a total value of $2,076,387.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
IBM has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of International Business Machines Corp. in a research note on Monday, January 27th. They now have a $189.00 price target on the stock. Separately, analysts at TheStreet reiterated a “buy” rating on shares of International Business Machines Corp. in a research note on Monday, January 27th. Finally, analysts at Wells Fargo & Co. reiterated a “market perform” rating on shares of International Business Machines Corp. in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $201.45.
Shares of International Business Machines Corp. (NYSE:IBM) traded up 1.70% during mid-day trading on Tuesday, hitting $180.159. 3,582,028 shares of the company’s stock traded hands. International Business Machines Corp. has a 52-week low of $172.19 and a 52-week high of $215.90. The stock has a 50-day moving average of $182.5 and a 200-day moving average of $183.4. The company has a market cap of $189.2 billion and a price-to-earnings ratio of 11.86.
International Business Machines Corp. (NYSE:IBM) last issued its quarterly earnings data on Tuesday, January 21st. The company reported $6.13 EPS for the quarter, beating the Thomson Reuters consensus estimate of $5.99 by $0.14. The company had revenue of $27.70 billion for the quarter, compared to the consensus estimate of $28.26 billion. During the same quarter in the prior year, the company posted $5.39 earnings per share. The company’s quarterly revenue was down 5.5% on a year-over-year basis. On average, analysts predict that International Business Machines Corp. will post $17.86 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 10th. Stockholders of record on Monday, February 10th will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Thursday, February 6th.
International Business Machines Corporation (NYSE:IBM) is an information technology (IT) company.
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