Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Apple Inc. NASDAQ: AAPL. In a filing disclosed on April 28th, the Representative disclosed that they had sold between $1,001 and $15,000 in Apple stock on April 8th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of DexCom NASDAQ: DXCM on 4/8/2025.
- Sold $1,001 - $15,000 in shares of Invesco NYSE: IVZ on 4/8/2025.
- Sold $1,001 - $15,000 in shares of Generac NYSE: GNRC on 4/8/2025.
- Sold $15,001 - $50,000 in shares of Occidental Petroleum NYSE: OXY on 4/8/2025.
- Sold $15,001 - $50,000 in shares of Pfizer NYSE: PFE on 4/8/2025.
- Sold $1,001 - $15,000 in shares of QUALCOMM NASDAQ: QCOM on 4/8/2025.
- Sold $1,001 - $15,000 in shares of Best Buy NYSE: BBY on 4/8/2025.
- Sold $1,001 - $15,000 in shares of EOG Resources NYSE: EOG on 4/8/2025.
- Sold $1,001 - $15,000 in shares of CSX NASDAQ: CSX on 4/8/2025.
- Sold $1,001 - $15,000 in shares of Valero Energy NYSE: VLO on 4/8/2025.
Apple Stock Performance
Shares of Apple stock traded up $0.82 during trading on Thursday, hitting $213.32. 55,559,513 shares of the stock were exchanged, compared to its average volume of 56,561,321. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The company has a fifty day moving average price of $213.66 and a 200-day moving average price of $228.95. The stock has a market capitalization of $3.20 trillion, a price-to-earnings ratio of 33.86, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26. Apple Inc. has a 1-year low of $169.11 and a 1-year high of $260.10.
Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. During the same period last year, the business earned $1.53 EPS. As a group, equities analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.
Apple Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 12th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.49%. This is an increase from Apple's previous quarterly dividend of $0.25. Apple's dividend payout ratio (DPR) is 15.87%.
Institutional Investors Weigh In On Apple
A number of hedge funds have recently modified their holdings of AAPL. Amara Financial LLC. bought a new position in Apple in the 3rd quarter valued at $288,000. Silicon Valley Capital Partners boosted its position in Apple by 12.8% during the third quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker's stock valued at $59,122,000 after buying an additional 28,799 shares during the period. Catalyst Financial Partners LLC lifted its stake in shares of Apple by 4.2% in the 3rd quarter. Catalyst Financial Partners LLC now owns 96,589 shares of the iPhone maker's stock valued at $22,505,000 after acquiring an additional 3,935 shares during the last quarter. Vestcor Inc increased its stake in Apple by 10.1% in the 3rd quarter. Vestcor Inc now owns 375,539 shares of the iPhone maker's stock worth $87,501,000 after purchasing an additional 34,414 shares during the period. Finally, 5th Street Advisors LLC raised its holdings in Apple by 32.9% during the 3rd quarter. 5th Street Advisors LLC now owns 15,100 shares of the iPhone maker's stock valued at $3,518,000 after buying an additional 3,736 shares during the last quarter. Institutional investors own 67.73% of the company's stock.
Insider Transactions at Apple
In related news, COO Jeffrey E. Williams sold 35,493 shares of Apple stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $224.01, for a total value of $7,950,786.93. Following the completion of the sale, the chief operating officer now directly owns 390,059 shares in the company, valued at approximately $87,377,116.59. This trade represents a 8.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kevan Parekh sold 4,570 shares of the business's stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $206.00, for a total transaction of $941,420.00. Following the sale, the chief financial officer now owns 4,569 shares of the company's stock, valued at approximately $941,214. This represents a 50.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 187,021 shares of company stock valued at $41,760,140. Corporate insiders own 0.06% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have weighed in on AAPL shares. Monness Crespi & Hardt increased their price target on shares of Apple to $245.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. Oppenheimer cut shares of Apple from an "outperform" rating to a "market perform" rating in a research report on Wednesday, January 29th. UBS Group dropped their target price on shares of Apple from $236.00 to $210.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Moffett Nathanson reissued a "sell" rating and set a $188.00 target price (down from $202.00) on shares of Apple in a report on Tuesday, January 7th. Finally, Evercore ISI increased their price objective on shares of Apple from $260.00 to $275.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 18th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Apple currently has a consensus rating of "Moderate Buy" and a consensus target price of $232.63.
View Our Latest Stock Analysis on AAPL
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
Apple Company Profile
(
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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.
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