Sen. Tommy Tuberville Sells Apple Inc. (NASDAQ:AAPL) Shares

Posted by Defense World Staff on Nov 16th, 2024

Senator Tommy Tuberville (R-Alabama) recently sold shares of Apple Inc. (NASDAQ:AAPL). In a filing disclosed on November 15th, the Senator disclosed that they had sold between $15,001 and $50,000 in Apple stock on October 29th.

Senator Tommy Tuberville also recently made the following trade(s):

Sold $15,001 – $50,000 in shares of Travelers Companies (NYSE:TRV) on 10/29/2024.
Sold $15,001 – $50,000 in shares of Microsoft (NASDAQ:MSFT) on 10/29/2024.
Sold $15,001 – $50,000 in shares of Johnson & Johnson (NYSE:JNJ) on 10/29/2024.
Sold $15,001 – $50,000 in shares of Kimberly-Clark (NYSE:KMB) on 10/29/2024.
Sold $1,001 – $15,000 in shares of Corteva (NYSE:CTVA) on 10/29/2024.
Sold $15,001 – $50,000 in shares of Honeywell International (NASDAQ:HON) on 10/29/2024.
Sold $15,001 – $50,000 in shares of Owens Corning (NYSE:OC) on 10/29/2024.
Sold $15,001 – $50,000 in shares of Adobe (NASDAQ:ADBE) on 10/29/2024.
Sold $15,001 – $50,000 in shares of McDonald’s (NYSE:MCD) on 10/29/2024.
Sold $15,001 – $50,000 in shares of Medtronic (NYSE:MDT) on 8/26/2024.

Apple Price Performance

Shares of AAPL stock opened at $225.00 on Friday. The stock has a 50 day moving average of $226.96 and a two-hundred day moving average of $215.60. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $237.49. The company has a market capitalization of $3.40 trillion, a P/E ratio of 37.01, a P/E/G ratio of 2.21 and a beta of 1.24.

Apple (NASDAQ:AAPL – Get Free Report) last issued its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. Apple had a return on equity of 152.94% and a net margin of 23.97%. The business had revenue of $94.93 billion during the quarter, compared to analysts’ expectations of $94.52 billion. During the same period in the prior year, the firm posted $1.46 EPS. Apple’s quarterly revenue was up 6.1% compared to the same quarter last year. As a group, equities analysts expect that Apple Inc. will post 7.43 EPS for the current year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 0.44%. Apple’s payout ratio is 16.45%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Morgan Stanley restated an “overweight” rating and issued a $273.00 price target on shares of Apple in a research report on Tuesday, September 10th. The Goldman Sachs Group lifted their price target on Apple from $265.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Citigroup lifted their price target on Apple to $185.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. StockNews.com cut Apple from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Finally, UBS Group boosted their price objective on shares of Apple to $236.00 and gave the company a “hold” rating in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and an average target price of $235.51.

Get Our Latest Report on Apple

Insider Buying and Selling at Apple

In related news, COO Jeffrey E. Williams sold 59,730 shares of Apple stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $226.86, for a total transaction of $13,550,347.80. Following the completion of the sale, the chief operating officer now owns 489,944 shares of the company’s stock, valued at approximately $111,148,695.84. This trade represents a 10.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Timothy D. Cook sold 223,986 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total value of $50,275,897.56. Following the completion of the sale, the chief executive officer now directly owns 3,280,180 shares of the company’s stock, valued at $736,269,202.80. This represents a 6.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 404,040 shares of company stock valued at $91,062,512 in the last quarter. Corporate insiders own 0.06% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Fidelis Capital Partners LLC grew its stake in shares of Apple by 17.9% in the first quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock valued at $35,000 after buying an additional 31,278 shares in the last quarter. Bull Oak Capital LLC lifted its holdings in 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 buying an additional 111 shares during the last quarter. Hershey Financial Advisers LLC bought a new position in Apple during the 2nd quarter worth approximately $42,000. Christopher J. Hasenberg Inc lifted its holdings in shares of Apple by 88.9% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after purchasing an additional 144 shares during the last quarter. Finally, Teachers Insurance & Annuity Association of America bought a new stake in shares of Apple in the 3rd quarter worth approximately $77,000. Institutional investors and hedge funds own 60.41% of the company’s stock.

About Senator Tuberville

Tommy Tuberville (Republican Party) (also known as Coach) is a member of the U.S. Senate from Alabama. He assumed office on January 3, 2021. His current term ends on January 3, 2027. Tuberville (Republican Party) ran for election to the U.S. Senate to represent Alabama. He won in the general election on November 3, 2020. Tuberville was head coach for several college football teams between 1995 and 2016, including at Auburn University and the University of Cincinnati. Tommy Tuberville was born in Camden, Arkansas, and lives in Auburn, Alabama. Tuberville’s career experience includes working as a studio analyst with ESPN and as the head football coach of the University of Mississippi, the University of Auburn, Texas Tech University, and the University of Cincinnati.

Apple Company Profile

(Get Free Report)

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.