Rep. Marjorie Taylor Greene Purchases Shares of Apple Inc. (NASDAQ:AAPL)

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Apple Inc. (NASDAQ:AAPL). In a filing disclosed on November 04th, the Representative disclosed that they had bought between $1,001 and $15,000 in Apple stock on November 1st.

Representative Marjorie Taylor Greene also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Berkshire Hathaway (NYSE:BRK.B) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Digital Realty Trust (NYSE:DLR) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Tesla (NASDAQ:TSLA) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Hershey (NYSE:HSY) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Duke Energy (NYSE:DUK) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Advanced Micro Devices (NASDAQ:AMD) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Corning (NYSE:GLW) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Caterpillar (NYSE:CAT) on 10/21/2024.

Apple Trading Up 0.6 %

NASDAQ AAPL opened at $223.45 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. The firm has a market cap of $3.40 trillion, a PE ratio of 36.75, a price-to-earnings-growth ratio of 2.39 and a beta of 1.24. The company has a 50 day moving average price of $226.98 and a 200 day moving average price of $213.44. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.49.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping the consensus estimate of $1.60 by $0.04. The firm had revenue of $94.93 billion during the quarter, compared to analyst estimates of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. Apple’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.46 EPS. As a group, sell-side analysts forecast that Apple Inc. will post 7.45 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, November 11th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 0.45%. Apple’s dividend payout ratio (DPR) is presently 16.45%.

Insiders Place Their Bets

In other Apple news, insider Chris Kondo sold 5,178 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the completion of the transaction, the insider now owns 24,125 shares of the company’s stock, valued at $5,223,062.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Timothy D. Cook sold 223,986 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total value of $50,275,897.56. Following the completion of the transaction, the chief executive officer now owns 3,280,180 shares of the company’s stock, valued at approximately $736,269,202.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Chris Kondo sold 5,178 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the completion of the transaction, the insider now directly owns 24,125 shares of the company’s stock, valued at approximately $5,223,062.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 417,924 shares of company stock valued at $94,142,399 over the last 90 days. 0.06% of the stock is owned by company insiders.

Institutional Investors Weigh In On Apple

Hedge funds have recently modified their holdings of the company. Capital Asset Advisory Services LLC boosted its stake in Apple by 5.7% during the first quarter. Capital Asset Advisory Services LLC now owns 152,034 shares of the iPhone maker’s stock worth $25,782,000 after buying an additional 8,246 shares during the period. Register Financial Advisors LLC boosted its stake in Apple by 7.8% during the first quarter. Register Financial Advisors LLC now owns 33,212 shares of the iPhone maker’s stock worth $5,695,000 after buying an additional 2,398 shares during the period. Norwood Financial Corp boosted its stake in Apple by 5.3% during the first quarter. Norwood Financial Corp now owns 7,415 shares of the iPhone maker’s stock worth $1,272,000 after buying an additional 370 shares during the period. Ameliora Wealth Management Ltd. boosted its stake in Apple by 1.1% during the first quarter. Ameliora Wealth Management Ltd. now owns 36,678 shares of the iPhone maker’s stock worth $6,290,000 after buying an additional 383 shares during the period. Finally, Tevis Investment Management boosted its stake in Apple by 0.7% during the first quarter. Tevis Investment Management now owns 24,393 shares of the iPhone maker’s stock worth $4,183,000 after buying an additional 168 shares during the period. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AAPL. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $265.00 price objective on shares of Apple in a research note on Tuesday, September 10th. Robert W. Baird boosted their target price on shares of Apple from $200.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Jefferies Financial Group downgraded shares of Apple from a “buy” rating to a “hold” rating and boosted their target price for the stock from $205.00 to $212.92 in a research report on Monday, October 7th. Piper Sandler Companies reaffirmed a “neutral” rating and issued a $225.00 price objective (up from $190.00) on shares of Apple in a report on Tuesday, July 9th. Finally, Moffett Nathanson began coverage on shares of Apple in a report on Monday, August 19th. They issued a “neutral” rating and a $211.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $235.51.

About Representative Greene

Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia’s 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2025. Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia’s 14th Congressional District. She declared candidacy for the 2024 election. Marjorie Taylor Greene earned a bachelor’s degree in business administration from the University of Georgia. Greene’s career experience includes co-owning construction company Taylor Commercial and founding and owning a CrossFit gym.

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.