Sen. Tommy Tuberville Sells Off Shares of Apple Inc. (NASDAQ:AAPL)

Senator Tommy Tuberville (R-Alabama) recently sold shares of Apple Inc. NASDAQ: AAPL. In a filing disclosed on February 14th, the Senator disclosed that they had sold between $15,001 and $50,000 in Apple stock on January 10th.

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

• Sold $15,001 - $50,000 in shares of Microsoft NASDAQ: MSFT on 1/10/2025.
• Sold $15,001 - $50,000 in shares of Diageo NYSE: DEO on 1/10/2025.
• Sold $15,001 - $50,000 in shares of Tractor Supply NASDAQ: TSCO on 1/10/2025.
• Sold $15,001 - $50,000 in shares of Texas Instruments NASDAQ: TXN on 1/10/2025.
• Sold $1,001 - $15,000 in shares of Carrier Global NYSE: CARR on 1/10/2025.

Apple Price Performance

Shares of NASDAQ AAPL traded down $0.13 during midday trading on Tuesday, reaching $244.47. The company's stock had a trading volume of 48,178,946 shares, compared to its average volume of 54,918,613. 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 50 day moving average price of $240.66 and a 200 day moving average price of $231.94. Apple Inc. has a one year low of $164.07 and a one year high of $260.10. The company has a market cap of $3.67 trillion, a price-to-earnings ratio of 38.80, a price-to-earnings-growth ratio of 2.32 and a beta of 1.20.

Apple (NASDAQ:AAPL - Get Free Report) last released its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping analysts' consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. On average, equities research analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.41%. Apple's payout ratio is currently 15.87%.

Institutional Trading of Apple

Several institutional investors have recently made changes to their positions in the business. Pacific Point Advisors LLC acquired a new stake in shares of Apple during the 4th quarter valued at about $3,460,000. Neo Ivy Capital Management raised its stake in shares of Apple by 67.5% in the fourth quarter. Neo Ivy Capital Management now owns 21,297 shares of the iPhone maker's stock worth $5,333,000 after acquiring an additional 8,581 shares during the last quarter. McMill Wealth Management bought a new position in shares of Apple in the fourth quarter worth about $1,145,000. Vega Investment Solutions bought a new position in shares of Apple in the fourth quarter worth about $11,218,000. Finally, Strait & Sound Wealth Management LLC raised its stake in shares of Apple by 15.8% in the fourth quarter. Strait & Sound Wealth Management LLC now owns 90,576 shares of the iPhone maker's stock worth $22,682,000 after acquiring an additional 12,349 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the completion of the sale, the chief operating officer now owns 389,944 shares in the company, valued at $97,474,301.68. The trade was a 20.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.06% of the company's stock.

Analyst Upgrades and Downgrades

AAPL has been the topic of a number of recent analyst reports. Loop Capital lowered shares of Apple from a "buy" rating to a "hold" rating and set a $230.00 price target on the stock. in a report on Tuesday, January 21st. Wedbush reiterated an "outperform" rating and issued a $325.00 price objective on shares of Apple in a research note on Thursday, January 23rd. Citigroup upped their price objective on shares of Apple from $255.00 to $275.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Rosenblatt Securities restated a "buy" rating and set a $262.00 price target on shares of Apple in a report on Monday, January 27th. Finally, UBS Group restated a "neutral" rating and set a $236.00 price target on shares of Apple in a report on Monday, December 2nd. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $242.52.

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.

Apple Company Profile

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.