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

Representative Lloyd Doggett (D-Texas) recently bought shares of International Business Machines Co. NYSE: IBM. In a filing disclosed on April 07th, 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 3/27/2025.
• Purchased $1,001 - $15,000 in shares of PPG Industries NYSE: PPG on 3/12/2025.
• Purchased $1,001 - $15,000 in shares of Johnson & Johnson NYSE: JNJ on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Procter & Gamble NYSE: PG on 2/18/2025.

International Business Machines Price Performance

International Business Machines stock traded up $5.94 during trading hours on Friday, hitting $235.49. The stock had a trading volume of 4,324,754 shares, compared to its average volume of 4,215,520. The stock has a market capitalization of $218.37 billion, a price-to-earnings ratio of 36.74, a PEG ratio of 5.81 and a beta of 0.67. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $266.45. The stock's fifty day moving average is $249.14 and its two-hundred day moving average is $232.95.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, beating analysts' consensus estimates of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. As a group, analysts predict that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were issued a dividend of $1.67 per share. The ex-dividend date was Monday, February 10th. This represents a $6.68 annualized dividend and a yield of 2.84%. International Business Machines's dividend payout ratio is presently 104.21%.

Insider Transactions at International Business Machines

In other news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $253.01, for a total value of $6,715,644.43. Following the completion of the sale, the senior vice president now owns 45,007 shares of the company's stock, valued at $11,387,221.07. This represents a 37.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.18% of the company's stock.

Analyst Upgrades and Downgrades

IBM has been the subject of a number of recent research reports. Royal Bank of Canada reissued an "outperform" rating and set a $250.00 price objective on shares of International Business Machines in a research note on Monday, January 27th. Morgan Stanley raised their price target on International Business Machines from $217.00 to $228.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 30th. UBS Group upped their price objective on International Business Machines from $150.00 to $160.00 and gave the company a "sell" rating in a research report on Tuesday, January 14th. Erste Group Bank raised International Business Machines from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Finally, Wedbush began coverage on shares of International Business Machines in a research note on Monday, February 3rd. They issued an "outperform" rating for the company. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $231.13.

Hedge Funds Weigh In On International Business Machines

A number of large investors have recently bought and sold shares of IBM. Piscataqua Savings Bank grew its stake in shares of International Business Machines by 12.8% during the 1st quarter. Piscataqua Savings Bank now owns 3,398 shares of the technology company's stock valued at $845,000 after buying an additional 385 shares during the period. Persium Advisors LLC boosted its holdings in International Business Machines by 2.3% in the first quarter. Persium Advisors LLC now owns 3,160 shares of the technology company's stock valued at $786,000 after acquiring an additional 72 shares during the last quarter. Holland Advisory Services Inc. grew its position in International Business Machines by 12.0% during the first quarter. Holland Advisory Services Inc. now owns 1,445 shares of the technology company's stock valued at $359,000 after acquiring an additional 155 shares during the period. Intergy Private Wealth LLC increased its stake in International Business Machines by 1.3% during the first quarter. Intergy Private Wealth LLC now owns 4,746 shares of the technology company's stock worth $1,180,000 after acquiring an additional 61 shares during the last quarter. Finally, Gateway Investment Advisers LLC raised its holdings in shares of International Business Machines by 634.4% in the 1st quarter. Gateway Investment Advisers LLC now owns 40,401 shares of the technology company's stock worth $10,046,000 after purchasing an additional 34,900 shares during the period. Hedge funds and other institutional investors own 58.96% of the company's stock.

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, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.