International Business Machines Corp. Director Michael L. Eskew Unloads 4,000 Shares (IBM)
International Business Machines Corp. (NYSE:IBM) Director Michael L. Eskew unloaded 4,000 shares of the company’s stock on the open market in a transaction dated Thursday, August 21st. The stock was sold at an average price of $191.90, for a total transaction of $767,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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, July 21st. They now have a $202.00 price target on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of International Business Machines Corp. in a research note on Friday, July 18th. They now have a $180.00 price target on the stock, up previously from $173.00. Finally, analysts at Societe Generale downgraded shares of International Business Machines Corp. from a “hold” rating to a “sell” rating in a research note on Friday, July 18th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $198.07.
Shares of International Business Machines Corp. (NYSE:IBM) traded down 0.43% on Friday, hitting $190.41. 1,927,892 shares of the company’s stock traded hands. International Business Machines Corp. has a 1-year low of $172.19 and a 1-year high of $199.21. The stock has a 50-day moving average of $189.9 and a 200-day moving average of $187.5. The company has a market cap of $190.0 billion and a P/E ratio of 12.06.
International Business Machines Corp. (NYSE:IBM) last posted its quarterly earnings results on Thursday, July 17th. The company reported $4.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.29 by $0.03. The company had revenue of $24.36 billion for the quarter, compared to the consensus estimate of $24.13 billion. During the same quarter in the previous year, the company posted $3.22 earnings per share. International Business Machines Corp.’s revenue was down 2.2% compared to the same quarter last year. Analysts expect that International Business Machines Corp. will post $17.90 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Investors of record on Friday, August 8th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.30%. The ex-dividend date is Wednesday, August 6th.
International Business Machines Corporation (NYSE:IBM) is an information technology (IT) company.
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