Apple (NASDAQ:AAPL) Shares Sold Off Rep. Richard McCormick

Posted by Chris Copeland on Aug 18th, 2026

Representative Richard McCormick (Republican-Georgia) recently sold shares of Apple Inc. (NASDAQ:AAPL). In a filing disclosed on August 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Apple stock on July 30th. The trade occurred in the Representative’s “GROWTH PARTNERS ROTH IRA” account.

Representative Richard McCormick also recently made the following trade(s):

Sold $1,001 – $15,000 in shares of Medtronic (NYSE:MDT) on 7/30/2026.
Sold $1,001 – $15,000 in shares of NextEra Energy (NYSE:NEE) on 7/30/2026.
Sold $1,001 – $15,000 in shares of PepsiCo (NASDAQ:PEP) on 7/30/2026.
Sold $1,001 – $15,000 in shares of Abbott Laboratories (NYSE:ABT) on 7/30/2026.
Sold $1,001 – $15,000 in shares of McDonald’s (NYSE:MCD) on 7/30/2026.
Sold $1,001 – $15,000 in shares of L3Harris Technologies (NYSE:LHX) on 7/30/2026.
Sold $1,001 – $15,000 in shares of Johnson & Johnson (NYSE:JNJ) on 7/30/2026.
Sold $1,001 – $15,000 in shares of Intercontinental Exchange (NYSE:ICE) on 7/30/2026.
Sold $1,001 – $15,000 in shares of Illinois Tool Works (NYSE:ITW) on 7/30/2026.
Sold $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 7/30/2026.

Apple Stock Down 0.1%

Shares of Apple stock opened at $305.59 on Tuesday. Apple Inc. has a 12-month low of $223.78 and a 12-month high of $344.57. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The stock has a 50 day moving average price of $309.06 and a two-hundred day moving average price of $285.73. The stock has a market capitalization of $4.46 trillion, a P/E ratio of 35.04, a PEG ratio of 2.62 and a beta of 1.09.

Apple (NASDAQ:AAPL – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.13. Apple had a net margin of 27.62% and a return on equity of 135.46%. The business had revenue of $109.42 billion during the quarter, compared to analysts’ expectations of $109.04 billion. During the same period in the previous year, the company earned $1.57 earnings per share. Apple’s revenue for the quarter was up 16.4% on a year-over-year basis. Equities analysts expect that Apple Inc. will post 8.76 earnings per share for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, August 10th. Apple’s dividend payout ratio is 12.39%.

More Apple News

Here are the key news stories impacting Apple this week:

Positive Sentiment: Rothschild & Co. Redburn upgraded Apple to Buy from Neutral and raised its price target to $400 from $260. The firm cited potential growth from a foldable iPhone and a strategic improvement in Apple’s artificial-intelligence efforts, including possible use of Nvidia’s open-source models. Could Apple stock jump 30%? This Nvidia AI bet may hold the key
Positive Sentiment: KeyBanc survey data indicated consumer spending is improving ahead of Apple’s September iPhone event, supporting expectations for a strong product cycle. Reports that Apple may enter the premium foldable market also offer a potential new revenue and average-selling-price catalyst. Why Investors Should Consider Buying Apple Stock Ahead of Its September iPhone Event
Neutral Sentiment: Apple reportedly developed a China-specific AI model with Alibaba’s assistance. The effort could improve regulatory access and competitiveness in China, although the market will watch whether it can offset geopolitical and platform-related challenges.
Neutral Sentiment: Rumors of camera-equipped AirPods suggest Apple is exploring new wearable and spatial-computing products, but the reports remain unconfirmed and are unlikely to affect near-term earnings. Apple’s Camera-Equipped AirPods Confirmed
Negative Sentiment: Apple disclosed that ongoing App Store antitrust disputes are hurting its services business. Separately, Germany’s competition authority said Apple will change app data-consent rules, potentially weakening its advertising-related advantages and benefiting Meta and other advertisers. Apple Says Antitrust Issues Are Hurting Services Business
Negative Sentiment: U.S. officials are pressuring Apple not to purchase Chinese memory chips. Compliance could increase component costs, while defying the request could create regulatory and geopolitical risks. Analysts have also warned that tighter memory supply may pressure hardware margins.
Negative Sentiment: Some analysts view Apple as overvalued and point to weaker AI execution, security incidents and intense smartphone competition. Reports of widespread spyware alerts and an exploited macOS vulnerability add reputational and support risks, although Apple has issued security fixes.

Institutional Investors Weigh In On Apple

A number of large investors have recently bought and sold shares of the business. Avenir Tech Ltd bought a new position in Apple in the 2nd quarter worth approximately $29,000. Longfellow Investment Management Co. LLC acquired a new position in Apple during the 2nd quarter valued at about $30,000. Lifetime Wealth Management P.C. bought a new position in shares of Apple in the 4th quarter valued at about $41,000. ROSS JOHNSON & Associates LLC boosted its stake in Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after acquiring an additional 180 shares during the last quarter. Finally, LSV Asset Management acquired a new stake in Apple during the 4th quarter worth $65,000. 67.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AAPL. BTIG Research started coverage on Apple in a research note on Monday. They issued a “neutral” rating on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Apple in a report on Friday, July 31st. KeyCorp reissued an “underweight” rating and issued a $250.00 price objective on shares of Apple in a research report on Tuesday, July 28th. Monness Crespi & Hardt raised their price objective on shares of Apple from $315.00 to $335.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Finally, DA Davidson reiterated a “neutral” rating and set a $270.00 target price on shares of Apple in a research note on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, twelve have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $330.53.

Read Our Latest Analysis on Apple

Insiders Place Their Bets

In other Apple news, SVP Jennifer Newstead sold 1,439 shares of the stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $307.75, for a total value of $442,852.25. Following the transaction, the senior vice president owned 40,107 shares of the company’s stock, valued at approximately $12,342,929.25. This represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Ben Borders sold 116 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total value of $34,236.24. Following the transaction, the insider owned 38,713 shares of the company’s stock, valued at $11,425,754.82. The trade was a 0.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 0.06% of the company’s stock.

About Representative McCormick

Rich McCormick (Republican Party) is a member of the U.S. House, representing Georgia’s 7th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

McCormick (Republican Party) is running for re-election to the U.S. House to represent Georgia’s 7th Congressional District. He declared candidacy for the 2026 election.

Rich McCormick lives in Suwanee, Georgia. McCormick served in the U.S. Marine Corps and the U.S. Navy. He earned an M.B.A. from National University and an M.D. from Morehouse School of Medicine. McCormick’s career experience includes working as an emergency medicine physician with Gwinnett Medical Center and Northside Hospital, a Marine officer instructor with Georgia Tech and Morehouse College, and a pilot.

About Apple

(Get Free Report)

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.