In today’s recent session, 0.94 million shares of the International Business Machines Corp (NYSE:IBM) have been traded, and its beta is 0.64. Most recently the company’s share price was $285.48, and it changed around $2.43 or 0.86% from the last close, which brings the market valuation of the company to $265.32B. IBM at last check was trading at a discount to its 52-week high of $284.79, offering almost 0.24% off that amount. The share price’s 52-week low was $168.38, which indicates that the recent value has risen by an impressive 41.02% since then. We note from International Business Machines Corp’s average daily trading volume that its 10-day average is 3.53 million shares, with the 3-month average coming to 4.52 million.
International Business Machines Corp stock received a consensus recommendation rating of Hold, based on a mean score of 2.32. If we narrow it down even further, the data shows that 2 out of 23 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 9 recommended IBM as a Hold, whereas 8 deemed it a Buy, and 2 rated it as Underweight. International Business Machines Corp is expected to report earnings per share of 2.66 for the current quarter.
International Business Machines Corp (NYSE:IBM) trade information
Instantly IBM has been showing a green trend so far today with a performance of 0.86% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 286.91 on recent trading dayincreased the stock’s daily price by 0.5%. The company’s shares are currently up 29.86% year-to-date, but still up 1.41% over the last five days. On the other hand, International Business Machines Corp (NYSE:IBM) is 6.36% up in the 30-day period. We can see from the shorts that 19.78 million shares have been sold at a short interest cover period of 5.22 day(s).
The consensus price target as assigned by Wall Street analysts is $206, which translates to bulls needing to decrease their stock price by -38.58% from its current value. Analyst projections state that IBM is forecast to be at a low of $170 and a high of $242.
International Business Machines Corp (IBM) estimates and forecasts
The year-over-year growth rate is expected to be 5.54%, up from the previous year.
Consensus estimates provided by 15 financial analysts predict the company will bring in an average of 16.58B in revenue for the current quarter. 13 analysts expect International Business Machines Corp to make 16.06B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 15.77B and 14.97B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 5.15%. Forecasts for the next quarter put sales growth at 7.28%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -9.46%. International Business Machines Corp earnings are expected to increase by 5.81% in 2025, but the outlook is positive 6.30% per year for the next five years.
IBM Dividends
International Business Machines Corp’s next quarterly earnings report is expected to be released on 2025-Apr-23. The annual dividend yield of the stock is 2.34 percent and its annual dividend per share was 6.69. It is important to note, however, that the 2.34% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 4.46 per year.
International Business Machines Corp (NYSE:IBM)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.12% of International Business Machines Corp shares, and 65.26% of them are in the hands of institutional investors. The stock currently has a share float of 65.34%. International Business Machines Corp stock is held by 4010.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 9.6855% of the shares, which is about 89.13 million shares worth $15.42 billion.
BLACKROCK INC., with 8.1898% or 75.37 million shares worth $13.04 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
