International Business Machines Corporation (NYSE:IBM)’s traded shares stood at 37.37 million during the last session, with the company’s beta value hitting 0.85. At the close of trading, the stock’s price was $123.69, to imply a decrease of -0.81% or -$1.01 in intraday trading. The IBM share’s 52-week high remains $153.21, putting it -23.87% down since that peak but still an impressive 6.59% since price per share fell to its 52-week low of $115.54. The company has a valuation of $112.83B, with an average of 5.25 million shares in intraday trading volume over the past 10 days and average of 4.52 million shares over the past 3 months.
Analysts have given a consensus recommendation of a Hold for International Business Machines Corporation (IBM), translating to a mean rating of 2.50. Of 17 analyst(s) looking at the stock, 1 analyst(s) give IBM a Sell rating. 0 of those analysts rate the stock as Overweight while 10 advise Hold as 5 recommend it as a Buy. 1 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $1.25.
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International Business Machines Corporation (NYSE:IBM) trade information
After registering a -0.81% downside in the last session, International Business Machines Corporation (IBM) has traded red over the past five days. The stock hit a weekly high of 128.19 this Friday, 03/17/23, dropping -0.81% in its intraday price action. The 5-day price performance for the stock is -1.40%, and -9.32% over 30 days. With these gigs, the year-to-date price performance is -12.21%. Short interest in International Business Machines Corporation (NYSE:IBM) saw shorts transact 25.98 million shares and set a 6.15 days time to cover.
Analysts on Wall Street suggest a consensus price target of $146.00, implying an increase of 15.28% to the stock’s current value. The extremes give us $110.00 and $165.00 for target low and target high price respectively. As such, IBM has been trading -33.4% off suggested target high and 11.07% from its likely low.
International Business Machines Corporation (IBM) estimates and forecasts
Looking at statistics comparing International Business Machines Corporation share performance against respective industry, we note that the company has underperformed competitors. International Business Machines Corporation (IBM) shares are -1.43% down over the last 6 months, with its year-to-date growth rate lower than industry average at 3.61% against 3.90%. Revenue is forecast to shrink -10.70% this quarter before falling -10.00% for the next one. The rating firms project that company’s revenue will grow 3.70% compared to the previous financial year.
Revenue forecast for the current quarter as set by 10 analysts is $14.37 billion. Meanwhile, for the quarter ending Jun 2023, a total of 10 analyst(s) estimate revenue growth to $15.8 billion.Earnings reports from the last fiscal year show that sales brought in $14.2 billion and $15.54 billion respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 1.20% before jumping 1.70% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -29.90% for the past 5-year period. While 2023 is set for a -60.30% return in earnings, projections for the next 5 years are at 6.67% annually.
IBM Dividends
International Business Machines Corporation has its next earnings report out on April 19. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. International Business Machines Corporation has a forward dividend ratio of 6.60, with the share yield ticking at 5.34% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
International Business Machines Corporation (NYSE:IBM)’s Major holders
International Business Machines Corporation insiders hold 0.10% of total outstanding shares, with institutional holders owning 59.46% of the shares at 59.52% float percentage. In total, 59.46% institutions holds shares in the company, led by Vanguard Group, Inc. (The). As of Dec 30, 2022, the company held over 80.14 million shares (or 8.84% of shares), all amounting to roughly $9.91 billion.
The next major institution holding the largest number of shares is Blackrock Inc. with 72.34 million shares, or about 7.97% of shares outstanding. As of the market price on Dec 30, 2022, these shares were worth $8.95 billion.
We also have Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund as the top two Mutual Funds with the largest holdings of the International Business Machines Corporation (IBM) shares. Going by data provided on Sep 29, 2022, Vanguard Total Stock Market Index Fund holds roughly 26.95 million shares. This is just over 2.98% of the total shares, with a market valuation of $3.33 billion. Data from the same date shows that the other fund manager holds a little less at 20.47 million, or 2.26% of the shares, all valued at about 2.53 billion.
