Rep. Cleo Fields Buys Apple Inc. (NASDAQ:AAPL) Stock

Representative Cleo Fields (D-Louisiana) recently bought shares of Apple Inc. NASDAQ: AAPL. In a filing disclosed on July 01st, the Representative disclosed that they had bought between $1,001 and $15,000 in Apple stock on June 9th. The trade occurred in the Representative's "MORGAN STANLEY - E*TRADE #1" account.

Representative Cleo Fields also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of AT&T NYSE: T on 6/30/2025.
• Purchased $100,001 - $250,000 in shares of NVIDIA NASDAQ: NVDA on 6/30/2025.
• Purchased $50,001 - $100,000 in shares of Apple NASDAQ: AAPL on 6/30/2025.
• Purchased $50,001 - $100,000 in shares of Meta Platforms NASDAQ: META on 6/30/2025.
• Purchased $50,001 - $100,000 in shares of Palantir Technologies NASDAQ: PLTR on 6/30/2025.
• Purchased $50,001 - $100,000 in shares of Cisco Systems NASDAQ: CSCO on 6/30/2025.
• Purchased $15,001 - $50,000 in shares of JPMorgan Chase & Co. NYSE: JPM on 6/30/2025.
• Sold $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 6/30/2025.
• Purchased $100,001 - $250,000 in shares of Amazon.com NASDAQ: AMZN on 6/30/2025.
• Purchased $15,001 - $50,000 in shares of Apple NASDAQ: AAPL on 6/30/2025.

Apple Stock Up 0.6%

NASDAQ:AAPL opened at $211.18 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.82 and a quick ratio of 0.78. The company has a market capitalization of $3.15 trillion, a PE ratio of 32.89, a P/E/G ratio of 2.36 and a beta of 1.20. The firm's 50-day moving average price is $204.57 and its 200-day moving average price is $215.61. Apple Inc. has a 1-year low of $169.21 and a 1-year high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.03. Apple had a return on equity of 167.24% and a net margin of 24.30%. The company had revenue of $95.36 billion for the quarter, compared to analyst estimates of $94.04 billion. During the same period in the prior year, the company posted $1.53 EPS. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. On average, equities analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Increases Dividend

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

Apple declared that its Board of Directors has initiated a share buyback plan 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 plans are generally an indication that the company's management believes its shares are undervalued.

Insider Activity

In related news, insider Chris Kondo sold 4,486 shares of Apple stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $208.19, for a total transaction of $933,940.34. Following the completion of the transaction, the insider directly owned 15,533 shares in the company, valued at $3,233,815.27. The trade was a 22.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kevan Parekh sold 4,570 shares of the company's stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $206.00, for a total value of $941,420.00. Following the sale, the chief financial officer owned 4,569 shares of the company's stock, valued at approximately $941,214. The trade was a 50.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Apple

Hedge funds and other institutional investors have recently modified their holdings of the business. Kingstone Capital Partners Texas LLC boosted its holdings in Apple by 573,627.2% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 205,692,660 shares of the iPhone maker's stock worth $39,065,374,000 after buying an additional 205,656,808 shares during the last quarter. Norges Bank purchased a new stake in shares of Apple during the fourth quarter worth $46,868,648,000. Nuveen LLC purchased a new position in Apple in the first quarter valued at $17,472,482,000. GAMMA Investing LLC grew its holdings in shares of Apple by 25,934.1% during the first quarter. GAMMA Investing LLC now owns 60,066,398 shares of the iPhone maker's stock worth $133,425,490,000 after purchasing an additional 59,835,676 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Apple by 3.7% during the fourth quarter. Vanguard Group Inc. now owns 1,395,785,512 shares of the iPhone maker's stock worth $349,532,608,000 after buying an additional 49,168,843 shares during the period. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AAPL has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their price target on Apple from $230.00 to $250.00 and gave the company an "overweight" rating in a research report on Thursday. Monness Crespi & Hardt raised their price target on Apple to $245.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Rosenblatt Securities downgraded Apple from a "buy" rating to a "neutral" rating and set a $217.00 target price for the company. in a report on Friday, May 2nd. Tigress Financial lifted their price target on Apple from $295.00 to $300.00 and gave the company a "strong-buy" rating in a report on Thursday, April 3rd. Finally, Scotiabank lowered shares of Apple to a "market perform" rating in a research report on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Apple currently has an average rating of "Moderate Buy" and a consensus price target of $235.11.

About Representative FIELDS

Cleo Fields (Democratic Party) is a member of the U.S. House, representing Louisiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Fields (Democratic Party) is running for re-election to the U.S. House to represent Louisiana's 6th Congressional District. He declared candidacy for the primary scheduled on November 3, 2026. Cleo Fields graduated from McKinley High School in 1980. He earned a bachelor's degree in mass communications from Southern University in 1984 and a J.D. from the Southern University Law Center in 1987. His career experience includes working as a state legislator and U.S. congressman. When Fields was elected to the Louisiana State Senate in 1986, he was the youngest person ever elected to the State Senate in Louisiana’s history. In 1995, Fields ran for governor of Louisiana, becoming the first African American since reconstruction to make the runoff.

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.

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