Rep. Nancy Pelosi Sells Off Shares of Apple Inc. (NASDAQ:AAPL)

Representative Nancy Pelosi (D-California) recently sold shares of Apple Inc. NASDAQ: AAPL. In a filing disclosed on January 17th, the Representative disclosed that they had sold between $5,000,001 and $25,000,000 in Apple stock on December 31st.

Representative Nancy Pelosi also recently made the following trade(s):

• Sold $1,000,001 - $5,000,000 in shares of NVIDIA NASDAQ: NVDA on 12/31/2024.
• Purchased $500,001 - $1,000,000 in shares of NVIDIA NASDAQ: NVDA on 12/20/2024.
• Purchased $1,000,001 - $5,000,000 in shares of Palo Alto Networks NASDAQ: PANW on 12/20/2024.

Apple Stock Performance

Shares of NASDAQ AAPL traded down $7.34 during trading on Tuesday, reaching $222.64. 97,741,716 shares of the stock traded hands, compared to its average volume of 54,004,285. The company has a 50-day moving average of $241.12 and a 200-day moving average of $230.85. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $260.10. The stock has a market capitalization of $3.35 trillion, a P/E ratio of 36.62, a price-to-earnings-growth ratio of 2.25 and a beta of 1.20. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, beating the consensus estimate of $1.60 by $0.04. The business had revenue of $94.93 billion for the quarter, compared to the consensus estimate of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. The company's revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.46 earnings per share. Analysts forecast that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were paid a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 0.45%. Apple's payout ratio is presently 16.45%.

Institutional Investors Weigh In On Apple

Several institutional investors have recently bought and sold shares of the stock. Bull Oak Capital LLC grew its holdings in shares of Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker's stock worth $36,000 after purchasing an additional 111 shares during the last quarter. Hershey Financial Advisers LLC bought a new stake in Apple in the 2nd quarter worth $42,000. Christopher J. Hasenberg Inc increased its position in shares of Apple by 88.9% in the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker's stock valued at $69,000 after acquiring an additional 144 shares during the period. SPX Gestao de Recursos Ltda bought a new position in shares of Apple during the third quarter valued at about $71,000. Finally, Teachers Insurance & Annuity Association of America purchased a new stake in shares of Apple during the third quarter worth about $77,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $249.97, for a total value 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 approximately $97,474,301.68. This trade represents a 20.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Chris Kondo sold 4,130 shares of the business's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $228.87, for a total value of $945,233.10. Following the transaction, the insider now directly owns 15,419 shares in the company, valued at $3,528,946.53. This trade represents a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.06% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently commented on AAPL shares. Bank of America reaffirmed a "buy" rating and issued a $256.00 price objective on shares of Apple in a report on Friday, January 3rd. UBS Group reaffirmed a "neutral" rating and issued a $236.00 price target on shares of Apple in a report on Monday, December 2nd. Citigroup boosted their price objective on Apple to $185.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. cut their target price on Apple from $265.00 to $260.00 and set an "overweight" rating for the company in a research note on Tuesday. Finally, Wedbush upped their price target on Apple from $300.00 to $325.00 and gave the company an "outperform" rating in a research report on Thursday, December 26th. Four analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $238.02.

About Representative Pelosi

Nancy Pelosi (Democratic Party) is a member of the U.S. House, representing California's 11th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2025. Pelosi (Democratic Party) is running for re-election to the U.S. House to represent California's 11th Congressional District. She declared candidacy for the primary scheduled on March 5, 2024. Pelosi is the first and only woman to serve as speaker of the House. Pelosi was first elected to the U.S. House in a special election in 1987 to represent California's 5th Congressional District, which she represented until her election to California's 8th Congressional District in 2012. In 2002, she was elected minority leader, becoming the highest-ranking congresswoman of either party in U.S. history. When Democrats took control of the House in 2007, Pelosi made history again with her election as speaker of the House. Pelosi was re-elected speaker of the House in 2019, following the 2018 midterm elections. She served in that role until January 3, 2023. Notable legislation passed during her speakership includes the Affordable Care Act, the American Recovery and Reinvestment Act, the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Lilly Ledbetter Fair Pay Act, and the Don't Ask, Don't Tell Repeal Act. Pelosi is also a prominent Democratic fundraiser, raising more than $700 million for the Democratic Party since becoming a party leader in 2002. Before holding public office, Pelosi served on the Democratic National Committee and as a chair of the California Democratic Party. Nancy Pelosi was born in Baltimore, Maryland. Pelosi graduated from the Institute of Notre Dame in 1958. She earned a bachelor's degree from Trinity College in 1962. Pelosi served as the chair of the California State Democratic Party and the finance chairwoman of the Democratic Senatorial Campaign Committee.

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.