Apple (NASDAQ:AAPL) Stock Acquired Rep. Ed Case

Representative Ed Case (Democratic-Hawaii) recently bought shares of Apple Inc. (NASDAQ:AAPL). In a filing disclosed on August 18th, the Representative disclosed that they had bought between $1,001 and $15,000 in Apple stock on August 13th.

Apple Stock Performance

NASDAQ AAPL opened at $316.83 on Thursday. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. Apple Inc. has a twelve month low of $223.78 and a twelve month high of $344.57. The business has a 50-day moving average price of $309.95 and a 200-day moving average price of $286.52. The firm has a market cap of $4.62 trillion, a price-to-earnings ratio of 36.33, a price-to-earnings-growth ratio of 2.66 and a beta of 1.09.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.13. Apple had a return on equity of 135.46% and a net margin of 27.62%.The company had revenue of $109.42 billion for the quarter, compared to analysts’ expectations of $109.04 billion. During the same period in the previous year, the firm earned $1.57 EPS. The firm’s revenue was up 16.4% compared to the same quarter last year. As a group, equities research analysts predict that Apple Inc. will post 8.76 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, August 10th. Apple’s payout ratio is presently 12.39%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AAPL. Deutsche Bank Aktiengesellschaft downgraded Apple from a “buy” rating to a “hold” rating in a research note on Monday. Barclays reissued an “underweight” rating and issued a $245.00 price objective (down from $253.00) on shares of Apple in a research report on Friday, July 31st. TD Cowen raised their target price on shares of Apple from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. HSBC raised shares of Apple from a “hold” rating to a “buy” rating and lifted their price target for the company from $260.00 to $366.00 in a research note on Thursday, July 16th. Finally, Monness Crespi & Hardt upped their target price on Apple from $315.00 to $335.00 and gave the stock a “buy” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $330.53.

Hedge Funds Weigh In On Apple

Hedge funds and other institutional investors have recently bought and sold shares of the business. Avenir Tech Ltd acquired a new stake in shares of Apple in the second quarter valued at about $29,000. Longfellow Investment Management Co. LLC purchased a new stake in Apple in the second quarter valued at $30,000. Lifetime Wealth Management P.C. purchased a new stake in Apple in the 4th quarter valued at about $41,000. ROSS JOHNSON & Associates LLC lifted its holdings in shares of Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after acquiring an additional 180 shares during the last quarter. Finally, Timmons Wealth Management LLC purchased a new position in shares of Apple during the fourth quarter worth $69,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Analyst upgrade and bullish outlook: Rothschild & Co. Redburn upgraded Apple from “Neutral” to “Buy” and raised its price target to $400, implying substantial upside. Morgan Stanley also identified Apple among large-cap technology stocks showing a bullish technical signal. Apple stock upgrade and price target
• Positive Sentiment: Apple positioned as an AI and volatility hedge: Analysts argue that Apple’s restrained AI infrastructure spending limits capital-expenditure and valuation risk relative to peers committing hundreds of billions of dollars to AI. Some investors also view Apple as an underappreciated AI beneficiary through its installed base and potential improvements to Siri. Apple’s low AI spending
• Positive Sentiment: Macro support: Retreating Treasury yields helped restore demand for mega-cap technology stocks, while Apple showed relative strength even as semiconductor shares and parts of the technology sector weakened. Apple stock and Treasury yields
• Positive Sentiment: Product optionality: Reports that a future foldable iPhone could support an estimated 11% increase in average iPhone prices provide a potential catalyst for revenue and margin growth, although the product remains unannounced. Apple foldable iPhone outlook

Insider Buying and Selling

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

About Representative Case

Ed Case (Democratic Party) is a member of the U.S. House, representing Hawaii’s 1st Congressional District. He assumed office on January 3, 2019. His current term ends on January 3, 2027.

Case (Democratic Party) ran for re-election to the U.S. House to represent Hawaii’s 1st Congressional District. He won in the general election on November 5, 2024.

After serving in the state legislature for eight years, Case represented Hawaii’s 2nd Congressional District in the U.S. House of Representatives from 2003 to 2007. He also graduated from the UC Hastings College of Law and worked as a managing attorney at Bays Lung Rose & Holma and Carlsmith Ball, two law firms in Honolulu.

Apple Company Profile

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.