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

Posted by Jessica Moore on Jul 8th, 2026

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

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

Purchased $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 6/18/2026.
Purchased $1,001 – $15,000 in shares of PPG Industries (NYSE:PPG) on 6/12/2026.
Purchased $1,001 – $15,000 in shares of Johnson & Johnson (NYSE:JNJ) on 6/9/2026.
Purchased $1,001 – $15,000 in shares of Procter & Gamble (NYSE:PG) on 5/15/2026.

International Business Machines Price Performance

Shares of NYSE IBM opened at $305.98 on Wednesday. The company has a market capitalization of $287.59 billion, a PE ratio of 27.05, a PEG ratio of 3.09 and a beta of 0.68. The company has a quick ratio of 0.76, a current ratio of 0.80 and a debt-to-equity ratio of 1.75. The stock’s 50 day moving average price is $259.83 and its 200-day moving average price is $266.05. International Business Machines Corporation has a twelve month low of $212.34 and a twelve month high of $332.46.

International Business Machines (NYSE:IBM – Get Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The technology company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.10. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.The business had revenue of $15.92 billion for the quarter, compared to analyst estimates of $15.60 billion. During the same period last year, the company posted $1.60 earnings per share. International Business Machines’s quarterly revenue was up 9.5% compared to the same quarter last year. On average, equities analysts anticipate that International Business Machines Corporation will post 12.45 EPS for the current year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were given a dividend of $1.69 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $6.76 annualized dividend and a dividend yield of 2.2%. This is an increase from International Business Machines’s previous quarterly dividend of $1.68. International Business Machines’s payout ratio is 59.77%.

Key International Business Machines News

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

Positive Sentiment: IBM launched new z17 and LinuxONE 5 configurations, including rack-mount and single-frame options, aimed at easing data-center space and cost constraints while strengthening its mainframe and enterprise infrastructure offering. IBM Launches Compact z17 and LinuxONE Systems to Address Data Center Space and Cost Constraints
Positive Sentiment: Bank of America raised its price target on IBM to $330 and kept a buy rating, citing software strength, Red Hat momentum, infrastructure support, and the possibility of a modest guidance boost later this year. IBM Stock Jumps as BofA Securities Flags Strong Q2, Potential 2026 Guidance Hike
Positive Sentiment: IBM also got a lift from quantum-computing headlines, including new research with Oak Ridge National Lab and Cleveland Clinic that achieved first-known computations of fusion materials on a quantum computer, reinforcing IBM’s AI/quantum leadership narrative. Oak Ridge National Lab, Cleveland Clinic, and IBM Achieve First-Known Computations of Fusion Materials on a Quantum Computer
Neutral Sentiment: IBM remained in focus as a Dow component benefiting from broader market strength, with multiple articles noting the stock’s continued rally and investor attention ahead of the July 22 earnings report.

Institutional Investors Weigh In On International Business Machines

Institutional investors have recently added to or reduced their stakes in the business. Basepoint Wealth LLC bought a new position in International Business Machines in the 4th quarter worth approximately $25,000. Family CFO Inc bought a new position in shares of International Business Machines in the fourth quarter worth $25,000. Joseph Group Capital Management purchased a new position in shares of International Business Machines in the fourth quarter valued at $28,000. Cornerstone Financial Management LLC purchased a new position in shares of International Business Machines in the fourth quarter valued at $28,000. Finally, SWAN Capital LLC bought a new stake in shares of International Business Machines during the 3rd quarter valued at $28,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

IBM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upgraded International Business Machines from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $270.00 to $291.00 in a research note on Tuesday, June 23rd. Bank of America lifted their price objective on shares of International Business Machines from $315.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday. BMO Capital Markets dropped their target price on shares of International Business Machines from $290.00 to $270.00 and set a “market perform” rating on the stock in a research note on Thursday, April 23rd. Wall Street Zen raised shares of International Business Machines from a “sell” rating to a “hold” rating in a research report on Sunday, June 21st. Finally, HSBC upgraded shares of International Business Machines from a “reduce” rating to a “hold” rating and raised their price target for the stock from $218.00 to $231.00 in a research note on Tuesday, April 28th. Sixteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, International Business Machines presently has a consensus rating of “Moderate Buy” and an average target price of $306.47.

View Our Latest Research Report on International Business Machines

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

(Get Free Report)

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.