Apple (NASDAQ:AAPL) Shares Unloaded Sen. Tommy Tuberville

Senator Tommy Tuberville (R-Alabama) recently sold shares of Apple Inc. (NASDAQ:AAPL). In a filing disclosed on November 15th, the Senator disclosed that they had sold between $15,001 and $50,000 in Apple stock on October 29th.

Senator Tommy Tuberville also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of Travelers Companies (NYSE:TRV) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of Microsoft (NASDAQ:MSFT) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of Johnson & Johnson (NYSE:JNJ) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of Kimberly-Clark (NYSE:KMB) on 10/29/2024.
• Sold $1,001 – $15,000 in shares of Corteva (NYSE:CTVA) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of Honeywell International (NASDAQ:HON) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of Owens Corning (NYSE:OC) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of Adobe (NASDAQ:ADBE) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of McDonald’s (NYSE:MCD) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of Medtronic (NYSE:MDT) on 8/26/2024.

Apple Trading Down 1.4 %

Shares of Apple stock opened at $225.00 on Friday. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $237.49. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. The business’s 50 day moving average is $227.04 and its 200-day moving average is $215.96. The stock has a market cap of $3.40 trillion, a P/E ratio of 37.01, a P/E/G ratio of 2.21 and a beta of 1.24.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. The firm had revenue of $94.93 billion for the quarter, compared to analyst estimates of $94.52 billion. During the same period in the prior year, the firm posted $1.46 earnings per share. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. Equities research analysts predict that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.44%. The ex-dividend date was Friday, November 8th. Apple’s dividend payout ratio (DPR) is 16.45%.

Institutional Trading of Apple

A number of institutional investors and hedge funds have recently made changes to their positions in AAPL. Massachusetts Wealth Management raised its holdings in shares of Apple by 1.3% during the 1st quarter. Massachusetts Wealth Management now owns 22,116 shares of the iPhone maker’s stock worth $3,792,000 after buying an additional 278 shares in the last quarter. Kovack Advisors Inc. lifted its holdings in shares of Apple by 12.0% in the first quarter. Kovack Advisors Inc. now owns 218,770 shares of the iPhone maker’s stock worth $37,515,000 after acquiring an additional 23,511 shares during the last quarter. First Trust Direct Indexing L.P. boosted its stake in shares of Apple by 10.5% in the 1st quarter. First Trust Direct Indexing L.P. now owns 363,789 shares of the iPhone maker’s stock valued at $62,383,000 after purchasing an additional 34,514 shares in the last quarter. Legacy Wealth Asset Management LLC grew its holdings in shares of Apple by 17.0% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 23,718 shares of the iPhone maker’s stock valued at $4,067,000 after purchasing an additional 3,442 shares during the last quarter. Finally, Accel Wealth Management increased its position in Apple by 3.9% during the 1st quarter. Accel Wealth Management now owns 26,559 shares of the iPhone maker’s stock worth $4,554,000 after purchasing an additional 1,004 shares in the last quarter. Institutional investors own 60.41% of the company’s stock.

Insider Activity at Apple

In other news, CEO Timothy D. Cook sold 223,986 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total value of $50,275,897.56. Following the completion of the transaction, the chief executive officer now directly owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. This represents a 6.39 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Katherine L. Adams sold 61,019 shares of the business’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $226.20, for a total value of $13,802,497.80. Following the sale, the senior vice president now owns 187,043 shares in the company, valued at $42,309,126.60. This represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 404,040 shares of company stock valued at $91,062,512 in the last quarter. Insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on AAPL shares. TD Cowen raised their target price on shares of Apple from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Raymond James raised their price objective on Apple from $200.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Moffett Nathanson assumed coverage on Apple in a research note on Monday, August 19th. They set a “neutral” rating and a $211.00 target price for the company. Oppenheimer restated a “buy” rating and issued a $250.00 price target on shares of Apple in a research note on Tuesday, October 1st. Finally, Citigroup raised their price target on Apple to $185.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Apple has an average rating of “Moderate Buy” and an average target price of $235.51.

About Senator Tuberville

Tommy Tuberville (Republican Party) (also known as Coach) is a member of the U.S. Senate from Alabama. He assumed office on January 3, 2021. His current term ends on January 3, 2027. Tuberville (Republican Party) ran for election to the U.S. Senate to represent Alabama. He won in the general election on November 3, 2020. Tuberville was head coach for several college football teams between 1995 and 2016, including at Auburn University and the University of Cincinnati. Tommy Tuberville was born in Camden, Arkansas, and lives in Auburn, Alabama. Tuberville’s career experience includes working as a studio analyst with ESPN and as the head football coach of the University of Mississippi, the University of Auburn, Texas Tech University, and the University of Cincinnati.

About Apple

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.