Senator Sheldon Whitehouse (Democratic-Rhode Island) recently sold shares of Apple Inc. (NASDAQ:AAPL). In a filing disclosed on July 08th, the Senator disclosed that they had sold between $15,001 and $50,000 in Apple stock on June 24th.
Senator Sheldon Whitehouse also recently made the following trade(s):
- Sold $15,001 – $50,000 in shares of NVIDIA (NASDAQ:NVDA) on 6/30/2026.
- Sold $1,001 – $15,000 in shares of Crown Castle (NYSE:CCI) on 6/25/2026.
- Purchased $15,001 – $50,000 in shares of Coherent (NYSE:COHR) on 6/25/2026.
- Purchased $1,001 – $15,000 in shares of Micron Technology (NASDAQ:MU) on 6/25/2026.
- Sold $100,001 – $250,000 in shares of NVIDIA (NASDAQ:NVDA) on 5/8/2026.
- Sold $15,001 – $50,000 in shares of Oracle (NYSE:ORCL) on 5/7/2026.
- Sold $15,001 – $50,000 in shares of JPMorgan Chase & Co. (NYSE:JPM) on 4/13/2026.
Apple Price Performance
AAPL stock traded up $12.64 during trading on Wednesday, hitting $327.50. 60,845,976 shares of the stock traded hands, compared to its average volume of 60,202,804. The stock has a market cap of $4.81 trillion, a price-to-earnings ratio of 39.60, a P/E/G ratio of 2.74 and a beta of 1.10. Apple Inc. has a one year low of $201.50 and a one year high of $328.73. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70. The company has a 50 day simple moving average of $301.89 and a 200 day simple moving average of $276.27.
Apple Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 11th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.08 annualized dividend and a yield of 0.3%. This is an increase from Apple’s previous quarterly dividend of $0.26. Apple’s payout ratio is 13.06%.
Institutional Trading of Apple
Several hedge funds have recently added to or reduced their stakes in AAPL. Norges Bank bought a new position in Apple in the fourth quarter valued at approximately $52,266,468,000. Nuveen LLC bought a new position in Apple during the 1st quarter worth about $17,472,482,000. Cardano Risk Management B.V. increased its holdings in Apple by 890.7% during the 4th quarter. Cardano Risk Management B.V. now owns 41,984,810 shares of the iPhone maker’s stock worth $11,413,990,000 after purchasing an additional 37,746,784 shares in the last quarter. Laurel Wealth Advisors LLC raised its stake in shares of Apple by 20,464.8% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 27,069,029 shares of the iPhone maker’s stock valued at $5,553,753,000 after purchasing an additional 26,937,401 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Apple by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker’s stock valued at $387,749,545,000 after purchasing an additional 26,856,752 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.
Apple News Summary
Here are the key news stories impacting Apple this week:
- Positive Sentiment: China approved Apple Intelligence for iPhones, a key regulatory green light that clears the way for Apple’s AI rollout in one of its most important markets and could help support upgrades and Services growth. Reuters: Apple Intelligence AI service registered with China’s cyberspace regulator
- Positive Sentiment: Reports that Apple is exploring acquisitions of AI chip startups to strengthen its server and AI hardware capabilities reinforced the idea that the company is actively investing to remain competitive in AI without a huge data-center spending spree. Reuters: Apple chasing AI chip company deals, The Information reports
- Positive Sentiment: News that Apple may spend about $30 billion through its Broadcom partnership adds confidence in supply-chain security and custom silicon development, which investors see as supportive for future product cycles and margins. Yahoo Finance/Reuters: Apple Plans to Spend $30 Billion in a Deal With Broadcom (AVGO)
- Positive Sentiment: Apple also won dismissal of a high-stakes iCloud-related lawsuit, removing an overhang and improving sentiment around legal risk. Yahoo Finance: Apple Wins Dismissal of iCloud Lawsuit
- Neutral Sentiment: Several media and analyst pieces noted Apple’s stock hitting record highs and trading near a new 52-week high, reflecting strong momentum after a sharp run-up rather than a fresh fundamental surprise. Investopedia: Apple Could Buy an AI Chip Company. Its Hot Stock Just Set a Fresh Record High
- Negative Sentiment: KeyBanc downgraded Apple to Underweight, warning that slowing hardware demand, softer Services growth, and valuation concerns could limit further upside. Yahoo Finance: KeyBanc Downgrades Apple on Growth Concerns
Analyst Ratings Changes
Several brokerages have recently issued reports on AAPL. Citigroup reaffirmed a “buy” rating and set a $365.00 price target (up from $315.00) on shares of Apple in a research note on Monday. Sanford C. Bernstein reissued an “outperform” rating on shares of Apple in a research note on Monday, June 8th. Wells Fargo & Company restated an “overweight” rating and issued a $310.00 price objective (up from $300.00) on shares of Apple in a report on Friday, May 1st. Maxim Group reaffirmed a “buy” rating and issued a $350.00 price objective (up from $310.00) on shares of Apple in a research note on Tuesday, June 9th. Finally, UBS Group set a $250.00 target price on shares of Apple in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $314.26.
Read Our Latest Analysis on AAPL
Insider Activity
In other Apple news, CFO Kevan Parekh sold 1,534 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $275.00, for a total transaction of $421,850.00. Following the completion of the transaction, the chief financial officer owned 13,366 shares of the company’s stock, valued at $3,675,650. This represents a 10.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ben Borders sold 1,274 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $290.00, for a total transaction of $369,460.00. Following the transaction, the insider directly owned 38,713 shares of the company’s stock, valued at $11,226,770. This represents a 3.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 2,924 shares of company stock valued at $825,546 over the last ninety days. 0.06% of the stock is owned by insiders.
About Senator Whitehouse
Sheldon Whitehouse (Democratic Party) is a member of the U.S. Senate from Rhode Island. He assumed office on January 3, 2007. His current term ends on January 3, 2031.
Whitehouse (Democratic Party) ran for re-election to the U.S. Senate to represent Rhode Island. He won in the general election on November 5, 2024.
Apple Company Profile
Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.
Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.
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