Rep. Lloyd Doggett (D-TX) Buys IBM Stock

Democratic Representative Lloyd Doggett bought shares of International Business Machines Corporation stock in a transaction dated June 10, 2026. According to a periodic transaction report filed under the STOCK Act on July 6, 2026, the trade was valued between $1,001 and $15,000. STOCK Act disclosures provide dollar ranges rather than exact share quantities or purchase prices. International Business Machines Corporation closed at $270.42 on the day of the trade.

IBM International Business Machines Corporation

$232.14 ▼ -18.74% year to date

1M 3M YTD

Daily close · Oct 16, 2026

Inside Rep. Doggett's IBM Trade

Representative Doggett, a Democrat representing Texas's 37th district, added the technology holding to his portfolio during the summer. The transaction was made public through a standard disclosure filed with the House clerk nearly four weeks after the execution date.

Other Institutional Activity in International Business Machines Corporation

Institutional investors and wealth management firms were active with their International Business Machines Corporation holdings around mid-October 2026. Thurston, Springer, Miller, Herd & Titak reduced its holdings by 4,117 shares, ending with 583 shares worth about $128,303. Euro Pacific Asset Management grew its holdings by 23 shares, ending with 944 shares worth about $220,985. Generate Investment Management sold out entirely, shedding 71,994 shares to drop its stake to zero. Cliftonlarsonallen Wealth Advisors also closed its position by selling all 11,009 of its shares. Patriot Investment Management Group similarly exited, selling its remaining 905 shares.

International Business Machines Corporation Stock Down 0.5%

The shares recently traded around $231.00 as of October 16, 2026. The stock closed at $270.42 on June 10, 2026.

Recent Earnings

The firm generated trailing twelve month revenue of $69.09 billion alongside earnings of $11.25 per share. The company posted strong profitability metrics, and its next earnings report is scheduled for October 21, 2026.

Dividend

International Business Machines Corporation pays an annual dividend yielding 2.89%.

Insider Buying and Selling at International Business Machines Corporation

Company insiders executed open-market transactions earlier in the year. Director Michelle J. Howard bought 50 shares at $237.83 on February 25, 2026, for a total value of $11,891. Director Michael Miebach bought 434 shares at $233.33 on August 25, 2026, totaling $101,264. Later, officer Robert David Thomas sold 25,000 shares at $230.32 on August 26, 2026, worth $5,758,088.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock following mid-year reports. Morgan Stanley maintained its Equal-Weight rating with a $190.00 price target on July 23, 2026. BMO Capital maintained a Market Perform rating with a $230.00 target on July 23, 2026. Citigroup maintained a Buy rating with a $245.00 target on July 24, 2026. Susquehanna maintained a Neutral rating with a $225.00 target on July 24, 2026, and later kept a Neutral rating while adjusting its target to $235.00 on August 31, 2026. Overall analyst consensus stands at a buy with a mean price target of $242.65.

About International Business Machines Corporation

International Business Machines Corporation builds enterprise software, consulting services, and infrastructure solutions that power digital transformations for global clients. The company focuses heavily on hybrid cloud platforms and artificial intelligence tools designed to help businesses manage complex data environments. For Representative Doggett, investments in technology firms like International Business Machines Corporation place personal financial interests into sectors driving modern corporate infrastructure and enterprise software.

Bottom Line

Representative Doggett's disclosed purchase provides a look at congressional portfolio adjustments in a major technology bellwether. Observers will monitor the company's upcoming financial results and future periodic transaction disclosures for further activity.