Rep. Ed Case Buys Apple Inc. (NASDAQ:AAPL) Shares

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 Stock Down 0.5%

Shares of AAPL traded down $1.49 during midday trading on Tuesday, hitting $310.57. The company had a trading volume of 48,774,310 shares, compared to its average volume of 45,068,552. The company’s 50-day simple moving average is $276.58 and its 200-day simple moving average is $270.28. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.02 and a current ratio of 1.07. Apple Inc. has a 1 year low of $195.07 and a 1 year high of $315.00. The firm has a market capitalization of $4.56 trillion, a P/E ratio of 37.04, a P/E/G 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 for the quarter, topping the consensus estimate of $1.95 by $0.06. Apple had a return on equity of 146.69% and a net margin of 27.15%.The firm had revenue of $111.18 billion during the quarter, compared to analysts’ expectations of $109.46 billion. During the same quarter in the previous year, the business earned $1.65 earnings per share. The firm’s revenue was up 16.6% compared to the same quarter last year. As a group, sell-side analysts expect that Apple Inc. will post 8.74 EPS for the current year.

Apple Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were paid a $0.27 dividend. The ex-dividend date was Monday, May 11th. This is an increase from Apple’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. Apple’s payout ratio is 13.06%.

Institutional Trading of Apple

A number of institutional investors have recently bought and sold shares of AAPL. Norges Bank bought a new stake in Apple in the fourth quarter valued at $52,266,468,000. Nuveen LLC bought a new position in Apple in the 1st quarter valued at about $17,472,482,000. Cardano Risk Management B.V. raised its holdings in Apple by 890.7% during the fourth quarter. Cardano Risk Management B.V. now owns 41,984,810 shares of the iPhone maker’s stock worth $11,413,990,000 after purchasing an additional 37,746,784 shares in the last quarter. Laurel Wealth Advisors LLC lifted its holdings in shares of Apple by 20,464.8% in the second quarter. Laurel Wealth Advisors LLC now owns 27,069,029 shares of the iPhone maker’s stock valued at $5,553,753,000 after buying an additional 26,937,401 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Apple by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker’s stock worth $387,749,545,000 after purchasing an additional 26,856,752 shares during the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Apple news, insider Ben Borders sold 1,274 shares of Apple stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $290.00, for a total value of $369,460.00. Following the completion of the sale, the insider directly owned 38,713 shares in the company, valued at $11,226,770. The trade was a 3.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kevan Parekh sold 1,534 shares of the stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $275.00, for a total transaction of $421,850.00. Following the transaction, the chief financial officer owned 13,366 shares in the company, valued at approximately $3,675,650. This trade represents a 10.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 97,759 shares of company stock worth $24,964,305. Company insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

AAPL has been the topic of a number of analyst reports. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $310.00 price objective (up from $300.00) on shares of Apple in a report on Friday, May 1st. Tigress Financial reaffirmed a “strong-buy” rating and set a $375.00 price objective (up from $305.00) on shares of Apple in a report on Thursday, May 14th. Needham & Company LLC reissued a “hold” rating on shares of Apple in a report on Friday, May 1st. DA Davidson restated a “neutral” rating and set a $270.00 target price on shares of Apple in a research report on Friday, May 1st. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Apple in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $310.31.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Analysts have raised Apple price targets ahead of WWDC, arguing the company could be on the verge of a more compelling AI/Siri upgrade cycle. Melius Raises Apple (AAPL) Price Target Ahead of WWDC
• Positive Sentiment: Apple is reportedly adding a bill-splitting feature to iOS 27 and Wallet/Apple Cash, which could expand engagement and deepen its payments ecosystem. Apple Set to Accelerate Wallet War With Automated Bill Splitting
• Neutral Sentiment: One report says Apple may look overvalued after its recent share-price momentum, which could cap near-term enthusiasm. Assessing Whether Apple (AAPL) Looks Overvalued After Its Recent Share Price Momentum
• Neutral Sentiment: Investors are waiting for WWDC, where Apple’s biggest stock-moving announcement is expected to center on AI and Siri. Apple’s WWDC Is June 8. Here’s the 1 Announcement That Could Move the Stock
• Neutral Sentiment: Reports that Apple’s smart glasses launch may be delayed until late 2027 suggest the company is still refining its AI strategy rather than rushing hardware to market. Apple’s Smart Glasses Reportedly Delayed Until Late 2027

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.