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

Key Points

• Representative Cleo Fields purchased shares of Apple Inc. (NASDAQ:AAPL) between $100,001 and $250,000 on September 3rd, as disclosed on September 30th.
• Apple's stock is currently trading at around $255.45, with a market capitalization of approximately $3.79 trillion and recent earnings showing revenue growth of 9.6% year-over-year.
• The company recently declared a quarterly dividend of $0.26 per share, representing an annualized dividend yield of 0.4%.

Representative Cleo Fields (D-Louisiana) recently bought shares of Apple Inc. NASDAQ: AAPL. In a filing disclosed on September 30th, the Representative disclosed that they had bought between $100,001 and $250,000 in Apple stock on September 3rd. The trade occurred in the Representative's "MORGAN STANLEY - E*TRADE #2" account.

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

• Purchased $15,001 - $50,000 in shares of Oracle NYSE: ORCL on 9/23/2025.
• Purchased $1,001 - $15,000 in shares of Opendoor Technologies NASDAQ: OPEN on 9/19/2025.
• Purchased $15,001 - $50,000 in shares of Oracle NYSE: ORCL on 9/18/2025.
• Purchased $15,001 - $50,000 in shares of Amazon.com NASDAQ: AMZN on 9/17/2025.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOG on 9/17/2025.
• Purchased $50,001 - $100,000 in shares of Oracle NYSE: ORCL on 9/17/2025.
• Purchased $15,001 - $50,000 in shares of Alphabet NASDAQ: GOOG on 9/17/2025.
• Purchased $15,001 - $50,000 in shares of Meta Platforms NASDAQ: META on 9/17/2025.
• Purchased $15,001 - $50,000 in shares of Broadcom NASDAQ: AVGO on 9/17/2025.
• Purchased $50,001 - $100,000 in shares of Amazon.com NASDAQ: AMZN on 9/10/2025.

Apple Trading Up 0.3%

Shares of Apple stock opened at $255.45 on Thursday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. The business has a fifty day simple moving average of $231.34 and a two-hundred day simple moving average of $214.08. Apple Inc. has a 1 year low of $169.21 and a 1 year high of $260.10. The company has a market capitalization of $3.79 trillion, a price-to-earnings ratio of 38.76, a P/E/G ratio of 2.64 and a beta of 1.09.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.14. The company had revenue of $94.04 billion for the quarter, compared to analyst estimates of $88.64 billion. Apple had a net margin of 24.30% and a return on equity of 170.91%. The company's revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.40 earnings per share. Research analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 11th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.04 annualized dividend and a yield of 0.4%. Apple's dividend payout ratio (DPR) is currently 15.78%.

Hedge Funds Weigh In On Apple

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Apple by 1.1% during the second quarter. Vanguard Group Inc. now owns 1,415,932,804 shares of the iPhone maker's stock worth $290,506,933,000 after purchasing an additional 15,141,995 shares during the period. State Street Corp raised its position in shares of Apple by 0.9% in the 2nd quarter. State Street Corp now owns 601,249,995 shares of the iPhone maker's stock valued at $123,358,461,000 after buying an additional 5,224,229 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Apple by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 354,749,794 shares of the iPhone maker's stock valued at $72,506,336,000 after buying an additional 4,942,638 shares in the last quarter. Kingstone Capital Partners Texas LLC lifted its holdings in shares of Apple by 573,627.2% during 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 acquiring an additional 205,656,808 shares during the period. Finally, Norges Bank bought a new stake in shares of Apple during the 2nd quarter worth approximately $38,942,255,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Apple

In related news, SVP Deirdre O'brien sold 34,821 shares of Apple stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $223.20, for a total value of $7,772,047.20. Following the transaction, the senior vice president directly owned 136,687 shares of the company's stock, valued at $30,508,538.40. This trade represents a 20.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.06% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

AAPL has been the topic of several research analyst reports. The Goldman Sachs Group reissued a "buy" rating and issued a $266.00 price target on shares of Apple in a report on Tuesday, August 26th. Tigress Financial upped their target price on Apple from $300.00 to $305.00 and gave the company a "strong-buy" rating in a research report on Wednesday, September 17th. Evercore ISI set a $290.00 target price on Apple and gave the stock an "outperform" rating in a research note on Friday, September 26th. Raymond James Financial restated an "outperform" rating and issued a $240.00 price target (up from $230.00) on shares of Apple in a research note on Friday, August 1st. Finally, Monness Crespi & Hardt increased their price objective on Apple from $245.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Apple has a consensus rating of "Moderate Buy" and a consensus target price of $245.51.

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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