Rep. Lloyd Doggett Buys International Business Machines Corporation (NYSE:IBM) Shares

Representative Lloyd Doggett (Democratic-Texas) recently bought shares of International Business Machines Corporation (NYSE:IBM). In a filing disclosed on April 06th, the Representative disclosed that they had bought between $1,001 and $15,000 in International Business Machines stock on March 10th.

Representative Lloyd Doggett also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 3/26/2026.
• Purchased $1,001 – $15,000 in shares of PPG Industries (NYSE:PPG) on 3/12/2026.
• Purchased $1,001 – $15,000 in shares of Johnson & Johnson (NYSE:JNJ) on 3/10/2026.
• Purchased $1,001 – $15,000 in shares of Procter & Gamble (NYSE:PG) on 2/17/2026.

International Business Machines Stock Performance

Shares of International Business Machines stock traded down $6.90 on Thursday, reaching $234.84. 1,004,936 shares of the stock were exchanged, compared to its average volume of 5,650,976. International Business Machines Corporation has a 1-year low of $220.72 and a 1-year high of $324.90. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 1.67. The business has a fifty day moving average price of $257.17 and a two-hundred day moving average price of $283.63. The firm has a market capitalization of $220.29 billion, a PE ratio of 21.04, a PEG ratio of 2.47 and a beta of 0.69.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, January 28th. The technology company reported $4.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.33 by $0.19. International Business Machines had a net margin of 15.69% and a return on equity of 38.15%. The business had revenue of $19.69 billion for the quarter, compared to analyst estimates of $19.23 billion. During the same period in the previous year, the business posted $3.92 earnings per share. The business’s revenue was up 12.2% compared to the same quarter last year. As a group, research analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 10th were paid a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Tuesday, February 10th. International Business Machines’s payout ratio is 60.27%.

Analysts Set New Price Targets

IBM has been the topic of a number of recent analyst reports. DZ Bank upgraded shares of International Business Machines to a “hold” rating in a research note on Wednesday, February 11th. BMO Capital Markets dropped their price target on shares of International Business Machines from $350.00 to $290.00 and set a “market perform” rating on the stock in a research note on Thursday, March 19th. Stifel Nicolaus dropped their price target on shares of International Business Machines from $340.00 to $290.00 and set a “buy” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. dropped their price target on shares of International Business Machines from $317.00 to $283.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 18th. Finally, Oppenheimer set a $380.00 price target on shares of International Business Machines and gave the stock an “outperform” rating in a research note on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $311.27.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Family CFO Inc acquired a new position in International Business Machines during the fourth quarter worth about $25,000. Basepoint Wealth LLC acquired a new position in International Business Machines during the fourth quarter worth about $25,000. Mountain Hill Investment Partners Corp. acquired a new position in International Business Machines during the third quarter worth about $28,000. Joseph Group Capital Management acquired a new position in International Business Machines during the fourth quarter worth about $28,000. Finally, Cornerstone Financial Management LLC acquired a new position in International Business Machines during the fourth quarter worth about $28,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other International Business Machines news, Director David N. Farr purchased 1,000 shares of the stock in a transaction dated Friday, January 30th. The shares were acquired at an average cost of $304.00 per share, for a total transaction of $304,000.00. Following the completion of the transaction, the director directly owned 9,258 shares of the company’s stock, valued at $2,814,432. This trade represents a 12.11% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Michael Miebach purchased 434 shares of the stock in a transaction dated Wednesday, February 25th. The stock was acquired at an average price of $233.33 per share, for a total transaction of $101,265.22. Following the completion of the transaction, the director directly owned 434 shares of the company’s stock, valued at approximately $101,265.22. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 1,484 shares of company stock worth $417,157 over the last 90 days. 0.27% of the stock is currently owned by company insiders.

About Representative Doggett

Lloyd Doggett (Democratic Party) is a member of the U.S. House, representing Texas’ 37th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027.

Doggett (Democratic Party) is running for re-election to the U.S. House to represent Texas’ 37th Congressional District. He declared candidacy for the 2026 election.

Lloyd Doggett was born in Austin, Texas. Doggett graduated from Austin High School in 1964. He earned a B.A. from the University of Texas at Austin in 1967 and a J.D. from the University of Texas in 1970. Doggett’s career experience includes working as an adjunct professor with the University of Texas School of Law. In the 116th Congress, Doggett served on the House Ways & Means Committee, and he co-founded the House Prescription Drug Taskforce.

International Business Machines Company Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.