Apple (NASDAQ:AAPL) Shares Unloaded Rep. Josh Gottheimer

Representative Josh Gottheimer (D-New Jersey) recently sold shares of Apple Inc. NASDAQ: AAPL. In a filing disclosed on May 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Apple stock on April 9th. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of RTX NYSE: RTX on 4/23/2025.
• Purchased $1,001 - $15,000 in shares of Cheniere Energy NYSE: LNG on 4/22/2025.
• Purchased $1,001 - $15,000 in shares of Techtronic Industries OTCMKTS: TTNDY on 4/21/2025.
• Purchased $1,001 - $15,000 in shares of Tri Pointe Homes NYSE: TPH on 4/21/2025.
• Purchased $1,001 - $15,000 in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk NYSE: TLK on 4/21/2025.
• Sold $1,001 - $15,000 in shares of KKR & Co. Inc. NYSE: KKR on 4/21/2025.
• Purchased $1,001 - $15,000 in shares of D.R. Horton NYSE: DHI on 4/21/2025.
• Purchased $1,001 - $15,000 in shares of Home Depot NYSE: HD on 4/21/2025.
• Sold $1,001 - $15,000 in shares of Hillman Solutions NASDAQ: HLMN on 4/17/2025.
• Sold $1,001 - $15,000 in shares of AbbVie NYSE: ABBV on 4/17/2025.

Apple Stock Performance

Apple stock traded down $0.19 during midday trading on Friday, hitting $211.26. 53,614,750 shares of the company were exchanged, compared to its average volume of 55,997,127. The firm has a market capitalization of $3.16 trillion, a PE ratio of 33.53, a price-to-earnings-growth ratio of 2.44 and a beta of 1.27. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $260.10. The business has a fifty day simple moving average of $206.09 and a two-hundred day simple moving average of $226.66. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92.

Apple (NASDAQ:AAPL - Get Free Report) last posted its earnings results on Thursday, May 1st. The iPhone maker reported $1.65 EPS for the quarter, topping the consensus estimate of $1.62 by $0.03. The firm had revenue of $95.36 billion for the quarter, compared to analyst estimates of $94.04 billion. Apple had a return on equity of 160.83% and a net margin of 24.30%. Apple's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the company earned $1.53 earnings per share. On average, sell-side analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 12th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.49%. This is a positive change from Apple's previous quarterly dividend of $0.25. The ex-dividend date was Monday, May 12th. Apple's dividend payout ratio (DPR) is 16.20%.

Apple announced that its board has approved a stock repurchase program on Thursday, May 1st that authorizes the company to buyback $100.00 billion in outstanding shares. This buyback authorization authorizes the iPhone maker to purchase up to 3.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Hedge Funds Weigh In On Apple

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Woodline Partners LP boosted its stake in Apple by 43.3% during the first quarter. Woodline Partners LP now owns 1,269,171 shares of the iPhone maker's stock worth $281,921,000 after buying an additional 383,542 shares during the last quarter. Zurich Insurance Group Ltd FI boosted its stake in Apple by 3.4% during the first quarter. Zurich Insurance Group Ltd FI now owns 3,369,268 shares of the iPhone maker's stock worth $748,416,000 after buying an additional 109,915 shares during the last quarter. Semmax Financial Advisors Inc. boosted its stake in Apple by 14.0% during the first quarter. Semmax Financial Advisors Inc. now owns 2,608 shares of the iPhone maker's stock worth $579,000 after buying an additional 320 shares during the last quarter. AAF Wealth Management LLC boosted its stake in Apple by 2.5% during the first quarter. AAF Wealth Management LLC now owns 19,775 shares of the iPhone maker's stock worth $4,393,000 after buying an additional 491 shares during the last quarter. Finally, HFM Investment Advisors LLC purchased a new stake in Apple in the first quarter valued at $99,000. Institutional investors and hedge funds own 67.73% of the company's stock.

Insider Buying and Selling at Apple

In other Apple news, insider Chris Kondo sold 4,486 shares of Apple stock in a transaction on Monday, May 12th. The stock was sold at an average price of $208.19, for a total value of $933,940.34. Following the sale, the insider now owns 15,533 shares in the company, valued at $3,233,815.27. The trade was a 22.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jeffrey E. Williams sold 35,493 shares of Apple stock in a transaction on Wednesday, April 2nd. The shares were 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 owns 390,059 shares in the company, valued at $87,377,116.59. This represents a 8.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 191,507 shares of company stock worth $42,694,080 over the last quarter. 0.06% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AAPL has been the topic of several analyst reports. Oppenheimer lowered Apple from an "outperform" rating to a "market perform" rating in a report on Wednesday, January 29th. DA Davidson raised their price objective on Apple from $230.00 to $250.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Needham & Company LLC reissued a "buy" rating and issued a $225.00 price objective on shares of Apple in a report on Friday, May 2nd. Morgan Stanley reissued an "overweight" rating on shares of Apple in a report on Monday, May 12th. Finally, Scotiabank lowered Apple to a "market perform" rating in a report on Friday, May 2nd. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Apple presently has a consensus rating of "Moderate Buy" and a consensus price target of $235.80.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2026 election. Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

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.