Senator Sheldon Whitehouse (D-Rhode Island) recently sold shares of Apple Inc. NASDAQ: AAPL. In a filing disclosed on May 13th, the Senator disclosed that they had sold between $15,001 and $50,000 in Apple stock on April 14th.
Senator Sheldon Whitehouse also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Estée Lauder Companies NYSE: EL on 4/29/2025.
- Sold $15,001 - $50,000 in shares of Starbucks NASDAQ: SBUX on 4/14/2025.
- Sold $15,001 - $50,000 in shares of NVIDIA NASDAQ: NVDA on 4/14/2025.
- Sold $1,001 - $15,000 in shares of Starbucks NASDAQ: SBUX on 4/11/2025.
- Sold $15,001 - $50,000 in shares of Honeywell International NASDAQ: HON on 4/3/2025.
Apple Stock Down 0.1%
NASDAQ:AAPL traded down $0.19 during trading hours on Friday, reaching $211.26. The company had a trading volume of 53,614,750 shares, compared to its average volume of 55,938,270. The firm has a market cap of $3.16 trillion, a price-to-earnings ratio of 33.53, a P/E/G ratio of 2.44 and a beta of 1.27. The business's 50-day simple moving average is $206.28 and its two-hundred day simple moving average is $226.84. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. Apple Inc. has a twelve month low of $169.21 and a twelve month high of $260.10.
Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share for the quarter, topping analysts' consensus estimates of $1.62 by $0.03. The business had revenue of $95.36 billion for the quarter, compared to the consensus estimate of $94.04 billion. Apple had a return on equity of 160.83% and a net margin of 24.30%. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.53 EPS. On average, equities analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.
Apple Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 12th were issued a $0.26 dividend. This is an increase from Apple's previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend was Monday, May 12th. Apple's payout ratio is presently 16.20%.
Apple announced that its board has approved a share repurchase program on Thursday, May 1st that authorizes the company to repurchase $100.00 billion in shares. This repurchase authorization authorizes the iPhone maker to purchase up to 3.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its stock is undervalued.
Analyst Ratings Changes
AAPL has been the subject of a number of analyst reports. Needham & Company LLC reiterated a "buy" rating and set a $225.00 price objective on shares of Apple in a report on Friday, May 2nd. Argus upgraded Apple to a "strong-buy" rating in a report on Friday, January 31st. Evercore ISI boosted their target price on Apple from $260.00 to $275.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 18th. Monness Crespi & Hardt lowered their price target on shares of Apple from $260.00 to $245.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Finally, Rosenblatt Securities lowered shares of Apple from a "buy" rating to a "neutral" rating and set a $217.00 target price for the company. in a research report on Friday, May 2nd. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Apple has an average rating of "Moderate Buy" and an average price target of $235.80.
Check Out Our Latest Analysis on AAPL
Hedge Funds Weigh In On Apple
A number of large investors have recently modified their holdings of the company. Keudell Morrison Wealth Management grew its holdings in Apple by 4.0% in the 3rd quarter. Keudell Morrison Wealth Management now owns 70,347 shares of the iPhone maker's stock worth $16,391,000 after acquiring an additional 2,725 shares during the last quarter. JB Capital LLC boosted its holdings in shares of Apple by 1.1% during the third quarter. JB Capital LLC now owns 151,869 shares of the iPhone maker's stock worth $35,385,000 after purchasing an additional 1,653 shares during the period. Western Pacific Wealth Management LP increased its holdings in Apple by 9.1% during the 3rd quarter. Western Pacific Wealth Management LP now owns 66,872 shares of the iPhone maker's stock valued at $15,581,000 after purchasing an additional 5,604 shares during the period. Consolidated Planning Corp raised its holdings in shares of Apple by 2.6% during the third quarter. Consolidated Planning Corp now owns 73,964 shares of the iPhone maker's stock valued at $17,234,000 after acquiring an additional 1,908 shares in the last quarter. Finally, Mainstream Capital Management LLC purchased a new stake in Apple in the third quarter worth about $9,233,000. 67.73% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In related news, COO Jeffrey E. Williams sold 35,493 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $224.01, for a total transaction of $7,950,786.93. Following the completion of the transaction, the chief operating officer now owns 390,059 shares of the company's stock, valued at $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 is available at this hyperlink. Also, insider Chris Kondo sold 4,486 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $208.19, for a total transaction of $933,940.34. Following the sale, the insider now directly owns 15,533 shares in the company, valued at $3,233,815.27. This trade represents a 22.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 191,507 shares of company stock worth $42,694,080 in the last quarter. 0.06% of the stock is owned by company insiders.
About Senator Whitehouse
Sheldon Whitehouse (Democratic Party) is a member of the U.S. Senate from Rhode Island. He assumed office on January 3, 2007. His current term ends on January 3, 2031.
Whitehouse (Democratic Party) ran for re-election to the U.S. Senate to represent Rhode Island. He won in the general election on November 5, 2024.
About Apple
(
Get Free Report)
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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