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

Key Points

• Rep. Lloyd Doggett purchased between $1,001 and $15,000 of IBM shares on September 10, according to a filing disclosed October 5. He also bought shares of Home Depot, PPG Industries, Johnson & Johnson and Procter & Gamble.
• IBM’s latest quarterly results matched analysts’ EPS estimate at $2.93, while revenue rose 1.1% year over year to $17.16 billion but fell short of the $17.46 billion consensus. The company pays a $1.69 quarterly dividend, equivalent to a 3.1% yield.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $253.52, although several firms recently reduced their targets. IBM shares opened at $221.41, below the 50-day and 200-day moving averages.

Representative Lloyd Doggett (Democratic-Texas) recently bought shares of International Business Machines Corporation NYSE: IBM. In a filing disclosed on October 5th, the Representative disclosed that they had bought between $1,001 and $15,000 in International Business Machines stock on September 10th.

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

• Purchased $1,001 - $15,000 in shares of Home Depot NYSE: HD on 9/17/2026.
• Purchased $1,001 - $15,000 in shares of PPG Industries NYSE: PPG on 9/11/2026.
• Purchased $1,001 - $15,000 in shares of Johnson & Johnson NYSE: JNJ on 9/8/2026.
• Purchased $1,001 - $15,000 in shares of Procter & Gamble NYSE: PG on 8/17/2026.

International Business Machines Stock Performance

NYSE IBM opened at $221.41 on Wednesday. The firm has a market cap of $208.60 billion, a price-to-earnings ratio of 19.65, a price-to-earnings-growth ratio of 2.11 and a beta of 0.73. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 1.63. The business has a 50-day moving average price of $232.26 and a 200-day moving average price of $244.44. International Business Machines Corporation has a twelve month low of $199.19 and a twelve month high of $332.46.

International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results on Wednesday, July 22nd. The technology company reported $2.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.93. International Business Machines had a return on equity of 35.65% and a net margin of 15.52%.The firm had revenue of $17.16 billion during the quarter, compared to analysts' expectations of $17.46 billion. During the same quarter last year, the business posted $2.80 earnings per share. The firm's revenue was up 1.1% on a year-over-year basis. As a group, equities research analysts predict that International Business Machines Corporation will post 12.33 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 10th were given a $1.69 dividend. This represents a $6.76 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Monday, August 10th. International Business Machines's payout ratio is presently 59.98%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on IBM. Bank of America cut their price objective on shares of International Business Machines from $330.00 to $280.00 and set a "buy" rating for the company in a report on Wednesday, July 15th. Wall Street Zen downgraded shares of International Business Machines from a "hold" rating to a "sell" rating in a report on Saturday, September 12th. Citigroup dropped their target price on shares of International Business Machines from $255.00 to $245.00 and set a "buy" rating for the company in a research report on Friday, July 24th. Weiss Ratings cut shares of International Business Machines from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, September 29th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $270.00 price target (down from $300.00) on shares of International Business Machines in a report on Tuesday, July 21st. Eighteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, International Business Machines currently has a consensus rating of "Moderate Buy" and an average target price of $253.52.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new position in shares of International Business Machines in the 2nd quarter worth approximately $21,586,659,000. State Street Corp raised its holdings in International Business Machines by 2.7% during the 2nd quarter. State Street Corp now owns 56,045,055 shares of the technology company's stock valued at $15,760,430,000 after buying an additional 1,450,562 shares during the period. Capital World Investors raised its holdings in International Business Machines by 29.2% during the 4th quarter. Capital World Investors now owns 22,021,912 shares of the technology company's stock valued at $6,523,720,000 after buying an additional 4,976,756 shares during the period. Bank of America Corp DE lifted its position in International Business Machines by 7.0% in the first quarter. Bank of America Corp DE now owns 16,063,653 shares of the technology company's stock worth $3,893,669,000 after buying an additional 1,049,602 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in International Business Machines in the second quarter worth $2,606,782,000. Institutional investors own 58.96% of the company's stock.

Key Stories Impacting International Business Machines

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: IBM and Red Hat said their Lightwell initiative has remediated more than 400 previously unknown open-source vulnerabilities since June. The announcement reinforces IBM’s cybersecurity and enterprise software capabilities, although it did not include a material financial forecast. IBM and Red Hat Remediate More Than 400 Previously Unknown Open Source Vulnerabilities
• Positive Sentiment: Zscaler’s collaboration with IBM and Red Hat combines Zscaler’s application protection with IBM’s Lightwell remediation technology. The partnership could improve IBM’s positioning in AI-related cybersecurity and expand enterprise ecosystem adoption. Zscaler Collaborates with IBM and Red Hat to Protect Private Applications from Frontier AI-Powered Threats
• Positive Sentiment: Zapata Quantum joined the IBM Quantum Network, while Stakk announced an IBM contract for AI-powered document processing in Australia and New Zealand. Both developments support IBM’s quantum-computing and AI commercialization efforts, though the near-term revenue impact is unclear. Zapata Joins IBM Quantum Network to Advance Applications Stakk Wins IBM Contract to Drive AI-Powered Expansion in Australia and New Zealand
• Neutral Sentiment: Wall Street analysts reportedly rate IBM a “Moderate Buy,” and the company generated $13.15 billion of free cash flow on $69.09 billion of revenue over the past year. However, commentary questions whether IBM’s economic moat is widening enough to justify its valuation. What is IBM’s Economic Moat, and is it Widening or Narrowing?
• Negative Sentiment: Jim Cramer’s “wait-a-quarter” view highlights investor caution following IBM’s recent quarterly revenue shortfall. The latest results met EPS expectations but revenue of $17.16 billion fell short of the $17.46 billion consensus, limiting enthusiasm despite year-over-year growth. Jim Cramer Sticks to His Wait-a-Quarter Rule on IBM

Insiders Place Their Bets

In other International Business Machines news, SVP Robert Thomas sold 25,000 shares of the business's stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $230.32, for a total transaction of $5,758,000.00. Following the transaction, the senior vice president owned 47,800 shares in the company, valued at $11,009,296. The trade was a 34.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.27% of the stock is 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.

About International Business Machines

International Business Machines Corporation NYSE: IBM, commonly known as IBM, is a global technology company that provides hybrid cloud, artificial intelligence, software, consulting and infrastructure solutions. Its offerings help businesses and government organizations manage data, modernize applications, automate processes and improve cybersecurity.

IBM's portfolio includes the Red Hat hybrid cloud platform, the watsonx suite of artificial intelligence and data tools, consulting services, and enterprise software for areas such as automation, application management, security and asset management.

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