Rep. Julia Letlow Purchases Shares of International Business Machines Corporation (NYSE:IBM)

Key Points

• Rep. Julia Letlow (R‑La.) disclosed she purchased between $1,001 and $15,000 of International Business Machines (NYSE:IBM) stock on February 2nd, filed March 12th, through her Merrill Lynch account and executed several other small trades in February 2026.
• IBM recently beat quarterly estimates with $4.52 EPS vs. $4.33 expected and revenue of $19.69 billion (up 12.2% YoY), and the company paid a quarterly dividend of $1.68 per share (annualized $6.72, ~2.8% yield).
• Analyst coverage averages a "Moderate Buy" with a consensus price target of about $314.60, and insider buying has occurred recently (e.g., Director David N. Farr purchased 1,000 shares at ~$304 on Jan. 30).

Representative Julia Letlow (Republican-Louisiana) recently bought shares of International Business Machines Corporation NYSE: IBM. In a filing disclosed on March 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in International Business Machines stock on February 2nd. The trade occurred in the Representative's "MERRILL LYNCH INVESTMENT ACCOUNT #025" account.

Representative Julia Letlow also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of HF Sinclair NYSE: DINO on 2/20/2026.
• Sold $1,001 - $15,000 in shares of BXP NYSE: BXP on 2/20/2026.
• Purchased $1,001 - $15,000 in shares of Travelers Companies NYSE: TRV on 2/20/2026.
• Sold $1,001 - $15,000 in shares of Expand Energy NASDAQ: EXE on 2/17/2026.
• Sold $1,001 - $15,000 in shares of Public Service Enterprise Group NYSE: PEG on 2/17/2026.
• Purchased $1,001 - $15,000 in shares of Vistra NYSE: VST on 2/17/2026.
• Sold $1,001 - $15,000 in shares of AT&T NYSE: T on 2/12/2026.
• Purchased $1,001 - $15,000 in shares of Extra Space Storage NYSE: EXR on 2/12/2026.
• Sold $1,001 - $15,000 in shares of Icon NASDAQ: ICLR on 2/12/2026.
• Purchased $1,001 - $15,000 in shares of Regeneron Pharmaceuticals NASDAQ: REGN on 2/12/2026.

International Business Machines Stock Performance

Shares of NYSE IBM opened at $236.36 on Friday. International Business Machines Corporation has a 1 year low of $214.50 and a 1 year high of $324.90. The firm has a market cap of $221.71 billion, a P/E ratio of 21.20, a PEG ratio of 2.37 and a beta of 0.73. The stock has a fifty day moving average price of $265.48 and a two-hundred day moving average price of $284.47. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.92 and a current ratio of 0.96.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, January 28th. The technology company reported $4.52 EPS for the quarter, topping analysts' consensus estimates of $4.33 by $0.19. International Business Machines had a return on equity of 38.15% and a net margin of 15.69%.The company had revenue of $19.69 billion for the quarter, compared to the consensus estimate of $19.23 billion. During the same quarter in the previous year, the business earned $3.92 EPS. The company's quarterly revenue was up 12.2% compared to the same quarter last year. Research analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders 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 yield of 2.8%. The ex-dividend date of this dividend was Tuesday, February 10th. International Business Machines's dividend payout ratio (DPR) is presently 60.27%.

Analyst Upgrades and Downgrades

IBM has been the topic of several research reports. Dbs Bank upgraded shares of International Business Machines from a "hold" rating to a "moderate buy" rating in a research report on Monday, January 19th. Royal Bank Of Canada set a $361.00 price objective on shares of International Business Machines in a research note on Thursday, January 29th. Jefferies Financial Group reiterated a "buy" rating on shares of International Business Machines in a report on Monday, February 23rd. Stifel Nicolaus increased their target price on shares of International Business Machines from $325.00 to $340.00 and gave the company a "buy" rating in a research note on Thursday, January 29th. Finally, UBS Group upgraded shares of International Business Machines from a "sell" rating to a "neutral" rating and set a $236.00 target price for the company in a report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $314.60.

Institutional Trading of International Business Machines

Institutional investors and hedge funds have recently bought and sold shares of the stock. Basepoint Wealth LLC acquired a new stake in shares of International Business Machines during the fourth quarter valued at approximately $25,000. Family CFO Inc purchased a new position in International Business Machines during the 4th quarter worth approximately $25,000. Winnow Wealth LLC purchased a new position in International Business Machines during the 2nd quarter worth approximately $27,000. Joseph Group Capital Management acquired a new stake in International Business Machines during the 4th quarter valued at $28,000. Finally, Cornerstone Financial Management LLC acquired a new stake in International Business Machines during the 4th quarter valued at $28,000. Institutional investors and hedge funds own 58.96% of the company's stock.

Insider Buying and Selling at International Business Machines

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

Key Headlines Impacting International Business Machines

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

• Positive Sentiment: Quantum computing milestone may boost long‑term optionality: IBM reported that its quantum computer accurately simulated real magnetic materials (results match national lab data), a technical breakthrough that reinforces IBM’s leadership in quantum‑enabled R&D and potential future revenue streams. IBM Quantum Computer Accurately Simulates Real Magnetic Materials, Reproducing National Laboratory Data
• Positive Sentiment: Watsonx voice AI and agent enhancements could accelerate enterprise adoption: IBM partnered with ElevenLabs to add advanced, multilingual voice capabilities to watsonx Orchestrate and expanded security integrations with CrowdStrike, strengthening product differentiation for AI agents in regulated enterprises. IBM Expands watsonx Capability With Voice AI: Can it Fuel User Growth?
• Positive Sentiment: Open‑source and partner ecosystem moves support platform strategy: IBM contributed the llm-d project to CNCF and was highlighted as a Cloudera partner, signaling commitment to open infrastructure and channel reach that can help enterprise LLM adoption. IBM Pushes Open-Source AI Infrastructure with New llm-d Project
• Neutral Sentiment: Analysts expect continued earnings growth into Q1: Street models see low double‑digit EPS growth for FY2026 Q1, which supports expectations for continued margin expansion if execution holds. What to Expect From International Business Machines Q1 2026 Earnings Report
• Neutral Sentiment: Investor education and narrative pieces revisit IBM’s cloud/AI/consulting mix—useful context but less likely to move price immediately. What does IBM do? Inside its AI, cloud & consulting business
• Negative Sentiment: Workforce reshaping creates short‑term execution and sentiment risk: reports outline simultaneous job cuts and targeted hiring, which can cause investor concern about near‑term disruption and restructuring costs. IBM workforce changes 2026 explained: Why is IBM cutting jobs while planning to hire more?
• Negative Sentiment: Small analyst EPS downgrade and valuation pressure: Erste Group trimmed its FY2027 EPS estimate slightly and maintains a Hold, adding modest near‑term downward pressure when combined with the stock trading below its 50‑ and 200‑day averages. International Business Machines Stock Down 2.2%

About Representative Letlow

Julia Letlow (Republican Party) is a member of the U.S. House, representing Louisiana's 5th Congressional District. She assumed office on April 14, 2021. Her current term ends on January 3, 2027. Letlow (Republican Party) is running for re-election to the U.S. House to represent Louisiana's 5th Congressional District. She declared candidacy for the primary scheduled on November 3, 2026. Julia Letlow earned a doctorate. Letlow's career experience includes working as a senior administrator with the University of Louisiana at Monroe.

About International Business Machines

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.

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