Rep. Bruce Westerman Buys Apple Inc. (NASDAQ:AAPL) Shares

Representative Bruce Westerman (R-Arkansas) recently bought shares of Apple Inc. NASDAQ: AAPL. In a filing disclosed on April 16th, the Representative disclosed that they had bought between $15,001 and $50,000 in Apple stock on March 3rd. 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 Stock Performance

Shares of AAPL stock traded up $2.52 on Friday, hitting $196.79. The company had a trading volume of 51,328,536 shares, compared to its average volume of 56,825,645. The firm has a market cap of $2.96 trillion, a P/E ratio of 31.24, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26. Apple Inc. has a twelve month low of $164.77 and a twelve month high of $260.10. The company has a 50-day moving average price of $219.65 and a 200-day moving average price of $230.10. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26.

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

Apple Announces Dividend

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

Institutional Investors Weigh In On Apple

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Drystone LLC bought a new position in shares of Apple in the fourth quarter valued at $25,000. Bull Oak Capital LLC increased its stake in shares of Apple by 252.3% during the 3rd 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. Life Planning Partners Inc bought a new stake in shares of Apple in the 4th quarter valued at about $47,000. Conquis Financial LLC acquired a new stake in Apple in the 4th quarter valued at about $63,000. Finally, LSV Asset Management bought a new position in Apple during the fourth quarter worth about $65,000. Institutional investors own 67.73% of the company's stock.

Insider Transactions at Apple

In related news, COO Jeffrey E. Williams sold 35,493 shares of the business's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $224.01, for a total value of $7,950,786.93. Following the completion of the sale, the chief operating officer now directly owns 390,059 shares in the company, valued at $87,377,116.59. The trade was a 8.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Timothy D. Cook sold 108,136 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total value of $24,184,616.40. Following the transaction, the chief executive officer now owns 3,280,295 shares in the company, valued at $733,637,976.75. The trade was a 3.19 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 182,451 shares of company stock worth $40,818,720. 0.06% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

AAPL has been the subject of several recent analyst reports. KeyCorp upgraded shares of Apple from an "underweight" rating to a "sector weight" rating in a research report on Monday, April 14th. Moffett Nathanson reiterated a "sell" rating and issued a $188.00 price objective (down from $202.00) on shares of Apple in a research report on Tuesday, January 7th. UBS Group lifted their target price on Apple to $236.00 and gave the company a "buy" rating in a research report on Monday, April 14th. Maxim Group boosted their price objective on shares of Apple to $215.00 and gave the company a "hold" rating in a report on Friday, February 21st. Finally, DA Davidson lowered their target price on shares of Apple from $290.00 to $230.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $235.85.

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.