Rep. Bruce Westerman Sells Off Shares of Apple Inc. (NASDAQ:AAPL)

Representative Bruce Westerman (R-Arkansas) recently sold shares of Apple Inc. NASDAQ: AAPL. In a filing disclosed on April 16th, the Representative disclosed that they had sold between $1,001 and $15,000 in Apple stock on March 20th. The trade occurred in the Representative's "FISHER IRA" account.

Representative Bruce Westerman also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of LVMH Moët Hennessy - Louis Vuitton, Société Européenne OTCMKTS: LVMUY on 4/2/2025.
• Purchased $1,001 - $15,000 in shares of Sony Group NYSE: SONY on 3/24/2025.
• Purchased $1,001 - $15,000 in shares of Mitsubishi UFJ Financial Group NYSE: MUFG on 3/21/2025.
• Purchased $1,001 - $15,000 in shares of BP NYSE: BP on 3/21/2025.
• Sold $1,001 - $15,000 in shares of Procter & Gamble NYSE: PG on 3/20/2025.
• Sold $1,001 - $15,000 in shares of Medtronic NYSE: MDT on 3/20/2025.
• Purchased $1,001 - $15,000 in shares of ASML NASDAQ: ASML on 3/20/2025.
• Sold $1,001 - $15,000 in shares of Visa NYSE: V on 3/20/2025.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 3/20/2025.
• Sold $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 3/20/2025.

Apple Trading Up 1.3 %

NASDAQ:AAPL traded up $2.52 during mid-day trading on Friday, reaching $196.79. 51,328,536 shares of the company's stock traded hands, compared to its average volume of 56,825,645. Apple Inc. has a 12-month low of $164.77 and a 12-month high of $260.10. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The company has a 50 day moving average price of $219.65 and a 200-day moving average price of $230.10. The firm has a market capitalization of $2.96 trillion, a price-to-earnings ratio of 31.24, a PEG ratio of 2.44 and a beta of 1.26.

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

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date was Monday, February 10th. Apple's payout ratio is 15.87%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AAPL. Amara Financial LLC. bought a new stake in shares of Apple during the third quarter valued at approximately $288,000. Sterling Investment Counsel LLC increased its holdings in Apple by 3.8% in the 3rd quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker's stock valued at $16,269,000 after acquiring an additional 2,565 shares during the last quarter. Silicon Valley Capital Partners lifted its stake in Apple by 12.8% in the 3rd quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker's stock worth $59,122,000 after purchasing an additional 28,799 shares in the last quarter. Catalyst Financial Partners LLC boosted its holdings in shares of Apple by 4.2% during the 3rd quarter. Catalyst Financial Partners LLC now owns 96,589 shares of the iPhone maker's stock valued at $22,505,000 after purchasing an additional 3,935 shares during the last quarter. Finally, Narwhal Capital Management grew its position in shares of Apple by 2.5% during the third quarter. Narwhal Capital Management now owns 276,791 shares of the iPhone maker's stock valued at $64,492,000 after purchasing an additional 6,711 shares in the last quarter. Institutional investors own 67.73% of the company's stock.

Wall Street Analysts Forecast Growth

AAPL has been the subject of a number of research reports. Redburn Partners set a $230.00 price target on shares of Apple in a research note on Friday, January 31st. Barclays lifted their price target on Apple from $183.00 to $197.00 and gave the company an "underweight" rating in a research report on Friday, January 31st. Oppenheimer lowered Apple from an "outperform" rating to a "market perform" rating in a research report on Wednesday, January 29th. KeyCorp upgraded shares of Apple from an "underweight" rating to a "sector weight" rating in a research note on Monday, April 14th. Finally, Wedbush cut their price objective on shares of Apple from $325.00 to $250.00 and set an "outperform" rating on the stock in a report on Monday, April 7th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Apple currently has an average rating of "Moderate Buy" and an average target price of $235.85.

Insider Transactions at Apple

In other Apple 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 in the company, 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 SEC, which is available through this link. Also, SVP Katherine L. Adams sold 38,822 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $223.67, for a total value of $8,683,316.74. Following the sale, the senior vice president now directly owns 179,158 shares in the company, valued at $40,072,269.86. This trade represents a 17.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 182,451 shares of company stock valued at $40,818,720. 0.06% of the stock is currently owned by insiders.

About Representative Westerman

Bruce Westerman (Republican Party) is a member of the U.S. House, representing Arkansas' 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027. Westerman (Republican Party) is running for re-election to the U.S. House to represent Arkansas' 4th Congressional District. He declared candidacy for the 2026 election. Westerman earned his BSBAGE in biological and agricultural engineering from the University of Arkansas in 1990 and his MF in forestry from Yale University in 2001. His professional experience includes working as a plant engineer for Riceland Foods and an engineer/forester for Mid-South Engineering Company.

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.