According to GuruFocus’ list of 52-week lows, these Guru stocks have reached their 52-week lows.
Bank of America
The price of Bank of America Corp. (BAC, Financial) shares has declined to close to the 52-week low of $25.71, which is 29.7% off the 52-week high of $35.72. The company has a market cap of $224.41 billion.
Its shares traded with a price-earnings ratio of 9.35 and a price-sales ratio of 2.66 as of March 6. The trailing 12-month dividend yield is 2.68%. The forward dividend yield is 2.80%.
Bank of America is one of the largest financial institutions in the United States, with more than $2.3 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking and global markets. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, home mortgage lending, vehicle lending, credit and debit cards and small-business services. The company's Merrill Lynch operations provide brokerage and wealth management services, as does U.S. Trust private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending and capital markets operations.
Net income was $7.0 billion for the fourth quarter of 2019 compared to $7.3 billion for the fourth quarter of 2018.
Exxon Mobil
The price of Exxon Mobil Corp. (XOM, Financial) shares has declined to close to the 52-week low of $47.69, which is 43.5% off the 52-week high of $83.49. The company has a market cap of $201.83 billion.
Its shares traded with a price-earnings ratio of 14.20 and a price-sales ratio of 0.80 as of March 6. The trailing 12-month dividend yield is 7.30%. The forward dividend yield is 7.30%.
ExxonMobil is an integrated oil and gas company that explores for, produces and refines oil around the world. The company is the world's largest refiner and one of the world's largest manufacturers of commodity and specialty chemicals.
Net income for the fourth quarter of 2019 was $5.69 billion compared to $6 billion for the prior-year quarter.
Chairman and CEO Darren W. Woods bought 2,858 shares on Feb. 10 at a price of $59.86. The price of the stock has decreased by 20.33% since.
Wells Fargo
The price of Wells Fargo & Co. (WFC, Financial) shares has declined to close to the 52-week low of $37.09, which is 33.6% off the 52-week high of $54.75. The company has a market cap of $152.06 billion.
Its shares traded with a price-earnings ratio of 9.16 and a price-sales ratio of 2.00 as of March 6. The trailing 12-month dividend yield is 5.34%. The forward dividend yield is 5.50%.
Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. The company is split into three segments for reporting purposes: community banking, wholesale banking and wealth and investment management. The bulk of Wells' lending takes place in the U.S.
Net income for the fourth quarter of 2019 was $2.87 billion compared to $6.06 billion for the prior-year period.
Vice Chairman of Public Affairs William M. Daley bought 11,100 shares on Feb. 28 at a price of $40.99. The price of the stock has decreased by 9.51% since.
Citigroup
The price of Citigroup Inc. (C, Financial) shares has declined to close to the 52-week low of $61.28, which is 28.1% off the 52-week high of $83.11. The company has a market cap of $129.09 billion.
Citigroup is a global financial services company doing business in more than 100 countries and jurisdictions. Citigroup's operations are organized into two primary segments: the global consumer banking segment, which provides basic branch banking around the world, and the institutional clients group, which provides large customers around the globe with investment banking, cash management and other products and services.
Its shares traded with a price-earnings ratio of 7.63 and a price-sales ratio of 1.86 as of March 6. The trailing 12-month dividend yield is 3.23%. The forward dividend yield is 3.33%.
Net income for the fourth quarter of 2019 was $5.0 billion compared to net income of $4.3 billion for the fourth quarter 2018.
International Business Machines
The price of International Business Machines Corp. (IBM, Financial) shares has declined to close to the 52-week low of $127.73, which is 21.6% off the 52-week high of $158.75. The company has a market cap of $113.48 billion.
Its shares traded with a price-earnings ratio of 12.09 and a price-sales ratio of 1.48 as of March 6. The trailing 12-month dividend yield is 5.07%. The forward dividend yield is 5.07%. GuruFocus rated International Business Machines’ business predictability at 2 stars.
International Business Machines primarily sells infrastructure services (37% of revenue), software (29% of revenue), IT services (23% of revenue) and hardware (8% of revenues). IBM operates in 175 countries and employs approximately 350,000 people. While IBM is primarily a B2B company, it also manages 90% of all credit card transactions globally and is responsible for 50% of all wireless connections in the world.
Net income for the fourth quarter of 2019 was $3.67 billion compared to $1.95 billion for the prior-year period.
Vice President and Controller Robert F. Del Bene sold 1,175 shares on Feb. 14 at a price of $151.97; 2,350 shares on Feb. 20 at a price of $151.03; and 1,175 shares on Feb. 26 at a price of $140.38. The price of the stock has decreased by 9.01% since.
U.S. Bancorp
The price of U.S. Bancorp (USB, Financial) shares has declined to close to the 52-week low of $42.45, which is 32.2% off the 52-week high of $61.11. The company has a market cap of $64.63 billion.
Its shares traded with a price-earnings ratio of 10.20 and a price-sales ratio of 2.94 as of March 6. The trailing 12-month dividend yield is 3.72%. The forward dividend yield is 3.96%.
As a diversified financial-services provider, U.S. Bancorp is the nation's fifth-largest bank with branches in well over 20 states, primarily in the Western and Midwestern United States. The bank offers many services, including retail banking, commercial banking, trust and wealth services, credit cards, mortgages and other payments capabilities.
Net income for the fourth quarter of 2019 was $1.49 billion compared to $1.91 billion for the prior-year quarter.
Go here for the complete list of 52-week lows.
Disclosure: I do not own stock in any of the companies mentioned in the article.
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