5 Worst Dow Components in April

Tickers in this article: BAC CSCO JPM PG WMT

NEW YORK (TheStreet) -- The following stocks were the biggest laggards in the Dow Jones Industrial Average during April: Bank of America , JPMorgan Chase , Procter & Gamble , Cisco and Wal-Mart .

The Dow ticked up 1.59 points, or 0.01%, in April.

Bank of America

Shares of Bank of America fell 15.26% in April to close the month at $8.11.

The bank reported on April 19 first-quarter earnings of 3 cents a share on $22.5 billion in revenue. On a valuation-adjusted basis, earnings were 28 cents a share, beating analysts' estimates of 12 cents a share on $22.51 billion in revenue.

Bank of America trades at an estimated price-to-earnings ratio for next year of 7.63 times; the average for its peers is 8.23. For comparison, Citigroup has a lower forward P/E of 7.04.

Twenty-four of the 39 analysts who cover Bank of America rated it hold. Eleven analysts gave the stock a buy rating and four rated it sell.

The stock has risen 49.46% year to date.

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JPMorgan Chase

Shares of JPMorgan declined 6.52% in April to close at $42.98.

The bank reported on April 13 first-quarter net income on a managed basis of $5.38 billion, or $1.31 a share, down from year-earlier earnings of $5.55 billion, or $1.29 a share.

JPMorgan's forward P/E is 7.69; the average for its peers is 8.23. For comparison, Morgan Stanley has a lower forward P/E of 7.09.

Thirty-five of the 40 analysts who cover JPMorgan rated it buy; five analysts gave the stock a hold rating.

The stock has risen 31.7% year to date.


Procter & Gamble

Shares of Procter & Gamble fell 5.31% in April to $63.64.

The consumer products company reported third-quarter earnings on April 27 of $2.4 billion, or 82 cents a share, down from year-earlier earnings of $2.9 billion, or 96 cents a share. The company's third-quarter results from this year included a 13 cents a share charge related to restructuring.

Procter & Gamble's forward P/E is 15.13; the average for nondurable household products is 13.9. For comparison, Clorox has a higher forward P/E of 15.88.

Seventeen of the 28 analysts who cover Procter & Gamble rated it buy. Nine analysts gave the stock a hold rating and two rated it sell.

The stock has fallen 4.71% year to date.

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Cisco

Shares of Cisco dropped 4.7% in April to $20.16.

The technology company announced earlier this month that it intends to acquire network management company ClearAccess. Cisco is interested in the software portion of the company; financial terms were not disclosed.

Shares of Cisco hit a 52-week high on April 2 of $21.30. The stock's 52-week low of $13.30 was set on Aug. 9.

Cisco's forward P/E is 10.14; the average for telecommunications equipment companies is 30.62. For comparison, Corning has a lower forward P/E of 9.5.

Twenty-six of the 48 analysts who cover Cisco rated it buy. Twenty analysts gave the stock a hold rating and two rated it sell.

The stock has risen 10.51% year to date.


Wal-Mart

Shares of Wal-Mart fell 3.74% in April to $58.91.

The New York Times reported on April 23 that Wal-Mart was alleged to be using bribes in Mexico to help the company open stores faster.

Wal-Mart's forward P/E is 11.12; the average for broad-line retailers is 19.73. For comparison, Target has a higher forward P/E of 11.96.

Eighteen of the 34 analysts gave the stock a hold rating. Fifteen analysts rated Wal-Mart buy and one gave it a sell rating.

The stock has fallen 1.15% year to date.

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>>To see these stocks in action, visit the 5 Worst Dow Components in April portfolio on Stockpickr.

-- Written by Alexandra Zendrian

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Tickers in this article: BAC CSCO JPM PG WMT