Rep. Richard McCormick Sells Apple Inc. (NASDAQ:AAPL) Stock

Representative Richard McCormick (Republican-Georgia) recently sold shares of Apple Inc. (NASDAQ:AAPL). In a filing disclosed on August 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Apple stock on July 30th. The trade occurred in the Representative’s “GROWTH PARTNERS ROTH IRA” account.

Representative Richard McCormick also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Medtronic (NYSE:MDT) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of NextEra Energy (NYSE:NEE) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of PepsiCo (NASDAQ:PEP) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of Abbott Laboratories (NYSE:ABT) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of McDonald’s (NYSE:MCD) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of L3Harris Technologies (NYSE:LHX) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of Johnson & Johnson (NYSE:JNJ) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of Intercontinental Exchange (NYSE:ICE) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of Illinois Tool Works (NYSE:ITW) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 7/30/2026.

Apple Stock Up 1.6%

AAPL stock traded up $4.83 on Tuesday, hitting $310.42. 13,356,533 shares of the company’s stock were exchanged, compared to its average volume of 50,526,844. The stock has a market cap of $4.53 trillion, a P/E ratio of 35.64, a price-to-earnings-growth ratio of 2.62 and a beta of 1.09. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. The firm has a 50 day moving average price of $309.06 and a two-hundred day moving average price of $285.73. Apple Inc. has a 12-month low of $223.78 and a 12-month high of $344.57.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.13. The firm had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.The business’s revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.57 EPS. As a group, equities research analysts expect that Apple Inc. will post 8.76 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were given a $0.27 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. Apple’s dividend payout ratio (DPR) is presently 12.39%.

Insider Activity at Apple

In other Apple news, SVP Jennifer Newstead sold 1,439 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $307.75, for a total transaction of $442,852.25. Following the sale, the senior vice president directly owned 40,107 shares of the company’s stock, valued at $12,342,929.25. The trade was a 3.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ben Borders sold 116 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total value of $34,236.24. Following the completion of the sale, the insider owned 38,713 shares of the company’s stock, valued at $11,425,754.82. The trade was a 0.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 0.06% of the company’s stock.

Institutional Investors Weigh In On Apple

Several hedge funds have recently modified their holdings of AAPL. Rainier Family Wealth Inc. boosted its position in Apple by 14.1% during the 1st quarter. Rainier Family Wealth Inc. now owns 24,386 shares of the iPhone maker’s stock worth $6,189,000 after acquiring an additional 3,014 shares during the period. Eaton Cambridge Inc. boosted its holdings in shares of Apple by 21.3% in the first quarter. Eaton Cambridge Inc. now owns 13,968 shares of the iPhone maker’s stock worth $3,545,000 after buying an additional 2,450 shares during the period. Torren Management LLC purchased a new position in shares of Apple in the fourth quarter worth approximately $1,178,000. Summit Wealth Partners LLC raised its holdings in shares of Apple by 108.3% during the first quarter. Summit Wealth Partners LLC now owns 34,989 shares of the iPhone maker’s stock valued at $8,880,000 after acquiring an additional 18,188 shares during the period. Finally, Adventist Health System Sunbelt Healthcare Corp purchased a new stake in shares of Apple in the 4th quarter valued at approximately $105,482,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Rothschild & Co. Redburn upgraded Apple to Buy from Neutral and raised its price target from $260 to $400. The firm cited potential growth from a foldable iPhone and a revamped Apple Intelligence strategy, while a possible collaboration with NVIDIA could improve Apple’s artificial-intelligence capabilities. Could Apple stock jump 30? This Nvidia AI bet may hold the key
• Positive Sentiment: Analysts and market commentators also point to improving consumer spending ahead of Apple’s September iPhone event, possible premium pricing for the next iPhone generation and long-term upside from entry into the foldable-phone market. Why Investors Should Consider Buying Apple Stock Ahead of Its September iPhone Event
• Neutral Sentiment: Apple received some antitrust relief, but it also agreed to change app data-consent rules in Europe. The changes may reduce regulatory risk while potentially benefiting advertisers such as Meta, making the effect on Apple’s ecosystem and services revenue mixed. Apple Wins Major Relief in Antitrust Battle
• Negative Sentiment: Apple acknowledged that App Store antitrust cases and new rules are beginning to weigh on its roughly $100 billion Services business, one of the company’s most profitable growth engines. Any pressure on commissions or distribution practices could affect margins and future earnings expectations. Antitrust attacks start to bite into Apple’s services business
• Negative Sentiment: Billionaire investor David Tepper disclosed put positions tied to approximately 835,000 Apple shares, signaling a bearish view. Separate commentary warns that Apple’s approximately 35 price-to-earnings ratio leaves limited room for disappointment, while restrictions on Chinese memory-chip suppliers could increase component costs. Billionaire David Tepper Is Short Apple And Even Bet Against Buffett’s Berkshire Hathaway

Analyst Upgrades and Downgrades

Several research analysts have recently commented on AAPL shares. Bank of America restated a “buy” rating and set a $380.00 price target on shares of Apple in a research report on Thursday, June 18th. Rosenblatt Securities lifted their price objective on shares of Apple from $276.00 to $300.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Sanford C. Bernstein reissued an “outperform” rating on shares of Apple in a research report on Monday, June 8th. China Renaissance cut shares of Apple from a “buy” rating to a “hold” rating and set a $280.00 price objective for the company. in a research note on Tuesday, August 4th. Finally, Royal Bank Of Canada set a $365.00 price target on shares of Apple in a report on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, twelve have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and a consensus price target of $330.53.

About Representative McCormick

Rich McCormick (Republican Party) is a member of the U.S. House, representing Georgia’s 7th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

McCormick (Republican Party) is running for re-election to the U.S. House to represent Georgia’s 7th Congressional District. He declared candidacy for the 2026 election.

Rich McCormick lives in Suwanee, Georgia. McCormick served in the U.S. Marine Corps and the U.S. Navy. He earned an M.B.A. from National University and an M.D. from Morehouse School of Medicine. McCormick’s career experience includes working as an emergency medicine physician with Gwinnett Medical Center and Northside Hospital, a Marine officer instructor with Georgia Tech and Morehouse College, and a pilot.

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.