Rep. Pete Sessions Unloads Shares of Apple Inc. (NASDAQ:AAPL)

Representative Pete Sessions (Republican-Texas) recently sold shares of Apple Inc. (NASDAQ:AAPL). In a filing disclosed on September 22nd, the Representative disclosed that they had sold between $100,001 and $250,000 in Apple stock on September 22nd. The trade occurred in the Representative’s “IRA ONE” account.

Representative Pete Sessions also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of AbbVie (NYSE:ABBV) on 9/14/2026.
• Sold $15,001 – $50,000 in shares of Alphabet (NASDAQ:GOOGL) on 9/14/2026.
• Sold $1,001 – $15,000 in shares of Ares Capital (NASDAQ:ARCC) on 7/24/2026.

Apple Stock Performance

Shares of AAPL opened at $337.02 on Thursday. The firm has a market capitalization of $4.92 trillion, a PE ratio of 38.65, a P/E/G ratio of 2.95 and a beta of 1.08. 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 firm has a 50-day moving average price of $321.36 and a 200 day moving average price of $296.51. Apple Inc. has a 52-week low of $243.42 and a 52-week high of $345.34.

Apple (NASDAQ:AAPL) last released 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. The company had revenue of $109.42 billion for the quarter, compared to the consensus estimate of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. Apple’s revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.57 EPS. On average, sell-side analysts anticipate that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Announces Dividend

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

Insider Transactions at Apple

In other news, SVP Jennifer Newstead sold 1,438 shares of the stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $330.19, for a total transaction of $474,813.22. Following the transaction, the senior vice president owned 32,914 shares in the company, valued at $10,867,873.66. This represents a 4.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 8,632 shares of company stock valued at $2,719,955 in the last ninety days. 0.06% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AAPL. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Apple in a research note on Wednesday, September 9th. Needham & Company LLC restated a “hold” rating on shares of Apple in a report on Tuesday, September 8th. TD Cowen reiterated a “buy” rating and issued a $400.00 price target on shares of Apple in a research report on Thursday, September 10th. Citic Securities raised their price objective on shares of Apple from $300.00 to $349.00 in a research report on Thursday, August 6th. Finally, Maxim Group boosted their target price on shares of Apple from $350.00 to $380.00 and gave the stock a “buy” rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $340.14.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Berkshire Hathaway Inc acquired a new stake in shares of Apple during the second quarter worth approximately $65,950,297,000. Bank of America Corp DE purchased a new position in Apple in the second quarter valued at about $36,986,090,000. Legal & General Group Plc acquired a new position in Apple in the 2nd quarter worth about $30,443,242,000. Deutsche Bank AG purchased a new stake in shares of Apple during the 2nd quarter worth about $13,658,359,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Apple during the 2nd quarter worth about $10,588,946,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Early demand for the iPhone 18 Pro and Pro Max appears strong in India, with customers reportedly waiting overnight at Apple stores. The launch is performing better than the iPhone 17, supporting near-term iPhone revenue prospects. Apple iPhone demand in India
• Positive Sentiment: Bank of America reaffirmed its Buy rating and set a $370 price target, while reports indicate iPhone 18 Pro availability remains broadly comparable with last year despite higher prices. iPhone 18 Pro wait times
• Positive Sentiment: Apple is expanding its AI strategy with M6 Mac mini and M5 Mac Studio computers designed to run large models locally, potentially reducing customers’ recurring cloud-computing costs. The company may also develop enterprise AI servers using proprietary chips, although Nvidia could still supply networking technology. Apple new Macs and AI costs
• Positive Sentiment: Apple is reportedly exploring a screenless fitness tracker to compete with Whoop and Oura, creating a possible future wearables growth opportunity, though no launch is expected before 2028. Apple fitness tracker report
• Neutral Sentiment: Apple briefly crossed the $5 trillion market-capitalization threshold after reaching an intraday record, but the stock’s elevated valuation leaves less room for disappointment. Apple approaches $5 trillion valuation
• Negative Sentiment: Apple is reportedly conducting another round of layoffs, this time affecting its Fitness+ business. The cuts may improve efficiency but also suggest pressure in a relatively small services category and raise questions about growth investments. Apple Fitness+ layoffs
• Negative Sentiment: Meta’s Muse AI agent has surged to the top of Apple’s App Store and helped drive Meta shares higher, highlighting intensifying competition as Apple works to establish a stronger AI ecosystem. Meta Muse AI agent
• Negative Sentiment: Analysts have flagged mixed iPhone 18 demand signals, particularly in China, while Apple’s roughly 39 forward earnings multiple makes the stock vulnerable to profit-taking after its sharp 2026 rally. Bank of America iPhone demand analysis

About Representative Sessions

Pete Sessions (Republican Party) is a member of the U.S. House, representing Texas’ 17th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027.

Sessions (Republican Party) ran for re-election to the U.S. House to represent Texas’ 17th Congressional District. He won in the general election on November 5, 2024.

On October 20, 2023, Sessions announced he was running to replace Kevin McCarthy (R) as speaker of the U.S. House in the 118th Congress. Sessions lost the first round of nomination voting on October 24, 2023.

Pete Sessions was born and lives in Waco, Texas. Sessions earned a B.S. from Southwestern University in 1978. Sessions’ career experience includes working as an executive with AT&T.

About Apple

Apple Inc is a technology company that designs, develops and markets consumer electronics, software and digital services. Its principal products include the iPhone, Mac computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and applications that support its hardware products.

Apple’s services business includes the App Store, Apple Music, Apple TV, Apple Arcade, Apple Fitness+, Apple News+, Apple Pay and iCloud. These services provide digital content, payments, cloud storage and subscription offerings across the company’s ecosystem of devices.

Founded in 1976, Apple is headquartered in Cupertino, California, and serves consumers, businesses, educational institutions and government customers worldwide.