Representative Terri A. Sewell (D-Alabama) recently bought shares of Apple Inc. (NASDAQ:AAPL). In a filing disclosed on May 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in Apple stock on April 10th.

Representative Terri A. Sewell also recently made the following trade(s):

NASDAQ AAPL opened at $212.93 on Wednesday. The stock has a market cap of $3.18 trillion, a P/E ratio of 33.80, a price-to-earnings-growth ratio of 2.44 and a beta of 1.27. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $260.10. The stock has a 50 day simple moving average of $207.14 and a two-hundred day simple moving average of $227.09. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92.

Apple (NASDAQ:AAPL – Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.03. The company had revenue of $95.36 billion during the quarter, compared to the consensus estimate of $94.04 billion. Apple had a net margin of 24.30% and a return on equity of 160.83%. Apple’s revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.53 earnings per share. On average, analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.

Apple announced that its board has authorized a stock repurchase program on Thursday, May 1st that allows the company to repurchase $100.00 billion in shares. This repurchase authorization allows the iPhone maker to reacquire up to 3.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 12th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date is Monday, May 12th. This is an increase from Apple’s previous quarterly dividend of $0.25. Apple’s payout ratio is currently 16.20%.

In other news, COO Jeffrey E. Williams sold 35,493 shares of Apple stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $224.01, for a total transaction of $7,950,786.93. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Kevan Parekh sold 4,570 shares of the business’s stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $206.00, for a total transaction of $941,420.00. Following the completion of the transaction, the chief financial officer now directly owns 4,569 shares in the company, valued at $941,214. This trade represents a 50.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 187,021 shares of company stock worth $41,760,140 in the last three months. Company insiders own 0.06% of the company’s stock.

AAPL has been the subject of a number of research analyst reports. UBS Group lowered their target price on Apple from $236.00 to $210.00 and set a “neutral” rating for the company in a research note on Wednesday, April 23rd. Redburn Partners set a $230.00 price objective on Apple in a research report on Friday, January 31st. Evercore ISI boosted their target price on shares of Apple from $260.00 to $275.00 and gave the company an “outperform” rating in a report on Tuesday, March 18th. The Goldman Sachs Group decreased their price target on shares of Apple from $259.00 to $256.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. Finally, China Renaissance assumed coverage on shares of Apple in a research note on Tuesday, April 22nd. They set a “buy” rating and a $241.00 price objective on the stock. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Apple presently has an average rating of “Hold” and an average target price of $235.80.

View Our Latest Stock Analysis on AAPL

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Apple by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 1,400,790,809 shares of the iPhone maker’s stock valued at $311,157,662,000 after acquiring an additional 5,005,297 shares during the period. State Street Corp lifted its holdings in Apple by 10.6% during the third quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock valued at $136,074,372,000 after purchasing an additional 55,935,105 shares in the last quarter. FMR LLC boosted its position in shares of Apple by 5.3% in the third quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock worth $84,779,231,000 after purchasing an additional 18,224,005 shares during the period. Geode Capital Management LLC increased its stake in shares of Apple by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 340,164,913 shares of the iPhone maker’s stock worth $84,999,145,000 after purchasing an additional 6,307,413 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Apple in the fourth quarter worth $46,868,648,000. Institutional investors own 67.73% of the company’s stock.

Terri Sewell (Democratic Party) is a member of the U.S. House, representing Alabama’s 7th Congressional District. She assumed office on January 3, 2011. Her current term ends on January 3, 2027.

Sewell (Democratic Party) is running for re-election to the U.S. House to represent Alabama’s 7th Congressional District. She declared candidacy for the 2026 election.

Below is an abbreviated outline of Sewell’s academic, professional, and political career:

2011-Present: U.S. Representative from Alabama’s 7th Congressional District
1992: Graduated from Harvard University with J.D.
1988: Graduated from Oxford University with M.A.
1986: Graduated from Princeton University with B.A.
Prior to serving in Congress, Sewell was a partner in the Birmingham law office of Maynard, Cooper & Gale, P.C., where she focused on securities and public finance law.

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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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