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 May 31st, the Representative disclosed that they had bought between $1,001 and $15,000 in Apple stock on May 14th.

Apple Price Performance

Apple stock opened at $306.31 on Tuesday. Apple Inc. has a 12 month low of $195.07 and a 12 month high of $315.00. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70. The business’s 50 day simple moving average is $276.58 and its 200 day simple moving average is $270.28. The company has a market cap of $4.50 trillion, a price-to-earnings ratio of 37.04, a PEG ratio of 2.72 and a beta of 1.09.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.06. The firm had revenue of $111.18 billion for the quarter, compared to the consensus estimate of $109.46 billion. Apple had a return on equity of 146.69% and a net margin of 27.15%.The business’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.65 earnings per share. Sell-side analysts forecast that Apple Inc. will post 8.74 EPS for the current year.

Apple Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were issued a $0.27 dividend. This is a boost from Apple’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, May 11th. Apple’s dividend payout ratio is currently 13.06%.

Insider Activity

In other Apple news, CEO Timothy D. Cook sold 64,949 shares of the company’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $254.23, for a total value of $16,511,984.27. Following the transaction, the chief executive officer directly owned 3,280,418 shares in the company, valued at $833,980,668.14. This represents a 1.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ben Borders sold 1,274 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $290.00, for a total transaction of $369,460.00. Following the completion of the transaction, the insider owned 38,713 shares in the company, valued at $11,226,770. This represents a 3.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 97,759 shares of company stock valued at $24,964,305. 0.06% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AAPL has been the topic of several research analyst reports. Rosenblatt Securities raised their price target on Apple from $268.00 to $276.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Sanford C. Bernstein restated an “outperform” rating on shares of Apple in a research report on Wednesday, March 4th. KeyCorp restated a “sector weight” rating on shares of Apple in a research report on Thursday, March 12th. Morgan Stanley restated an “overweight” rating on shares of Apple in a research report on Monday. Finally, Robert W. Baird set a $310.00 price target on Apple in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Apple presently has an average rating of “Moderate Buy” and a consensus target price of $310.31.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple heads into WWDC on June 8 with investor focus on a major AI/Siri announcement that could reshape the company’s software narrative and support the stock. Apple’s WWDC Is June 8. Here’s the 1 Announcement That Could Move the Stock
• Positive Sentiment: Analysts are raising price targets ahead of WWDC, with some expecting Apple’s AI efforts to gain momentum and lift sentiment. Melius Raises Apple (AAPL) Price Target Ahead of WWDC
• Positive Sentiment: Reports that Apple may add automated bill-splitting in iOS 27 suggest deeper Wallet/Apple Cash integration and more ecosystem engagement. Apple Set to Accelerate Wallet War With Automated Bill Splitting
• Positive Sentiment: Apple is still being highlighted by some market commentary as a promising AI stock, reinforcing bullish long-term expectations. Apple Inc. (AAPL): One of the Promising Stocks to Buy According to AI

Institutional Trading of Apple

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Overbrook Management Corp grew its holdings in Apple by 57.4% during the 4th quarter. Overbrook Management Corp now owns 104,648 shares of the iPhone maker’s stock valued at $28,449,000 after purchasing an additional 38,174 shares during the last quarter. Citizens Financial Group Inc. RI grew its holdings in Apple by 48.4% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 1,426,605 shares of the iPhone maker’s stock valued at $363,256,000 after purchasing an additional 465,393 shares during the last quarter. Tufton Capital Management grew its holdings in Apple by 4.3% during the 3rd quarter. Tufton Capital Management now owns 100,130 shares of the iPhone maker’s stock valued at $25,496,000 after purchasing an additional 4,157 shares during the last quarter. Torren Management LLC bought a new position in Apple during the 4th quarter valued at about $1,178,000. Finally, KBC Group NV grew its holdings in Apple by 3.1% during the 4th quarter. KBC Group NV now owns 7,044,697 shares of the iPhone maker’s stock valued at $1,915,172,000 after purchasing an additional 214,215 shares during the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

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.

About Apple

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.