Insider Selling: Sidney Taurel Sells 1,960 Shares of International Business Machines Corp. Stock (IBM)
International Business Machines Corp. (NYSE:IBM) Director Sidney Taurel sold 1,960 shares of the company’s stock on the open market in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $182.24, for a total value of $357,190.40. Following the completion of the sale, the director now directly owns 13,003 shares of the company’s stock, valued at approximately $2,369,667. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of International Business Machines Corp. (NYSE:IBM) traded up 1.02% during mid-day trading on Friday, hitting $183.69. The stock had a trading volume of 4,665,873 shares. 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 $182.3 and a 200-day moving average of $183.2. The company has a market cap of $192.9 billion and a P/E ratio of 12.17.
International Business Machines Corp. (NYSE:IBM) last issued its quarterly earnings data on Tuesday, January 21st. The company reported $6.13 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $5.39 earnings per share. International Business Machines Corp.’s revenue was down 5.5% compared to the same quarter last year. 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 announced a quarterly dividend, which is scheduled for Monday, March 10th. Shareholders of record on Monday, February 10th will be paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Thursday, February 6th.
A number of analysts have recently weighed in on IBM shares. 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 equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $201.45.
International Business Machines Corporation (NYSE:IBM) is an information technology (IT) company.
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