In a new disclosure, Representative Thomas R. Suozzi reported the sale of $15,001 - $50,000 of $AAPL, in a trade that took place on 10-07-2024. Since that trade was made, the stock has risen approximately 4.0%.
Apple Congressional Stock Trading
Members of Congress have traded $AAPL stock 23 times in the past 6 months. Of those trades, 10 have been purchases and 13 have been sales.
Here’s a breakdown of recent trading of $AAPL stock by members of Congress over the last 6 months:
- REPRESENTATIVE THOMAS R. SUOZZI sold up to $50,000 on 10/07.
- SENATOR SHELLEY MOORE CAPITO sold up to $15,000 on 09/20.
- REPRESENTATIVE JOSH GOTTHEIMER has traded it 4 times. They made 3 purchases worth up to $45,000 on 09/12, 08/01, 06/28 and 1 sale worth up to $15,000 on 06/21./li>
- REPRESENTATIVE JOHN JAMES sold up to $15,000 on 09/04.
- REPRESENTATIVE MARJORIE TAYLOR GREENE has traded it 2 times. They made 2 purchases worth up to $30,000 on 09/03, 05/21 and 0 sales./li>
- SENATOR TOMMY TUBERVILLE sold up to $50,000 on 08/26.
- REPRESENTATIVE MORGAN MCGARVEY has traded it 2 times. They made 1 purchase worth up to $15,000 on 08/13 and 1 sale worth up to $15,000 on 08/19./li>
- REPRESENTATIVE C. SCOTT FRANKLIN has traded it 2 times. They made 0 purchases and 2 sales worth up to $65,000 on 08/06, 08/01./li>
- REPRESENTATIVE LAUREL M. LEE has traded it 2 times. They made 1 purchase worth up to $50,000 on 07/05 and 1 sale worth up to $50,000 on 07/05./li>
- REPRESENTATIVE KATHY E. MANNING has traded it 3 times. They made 3 purchases worth up to $45,000 on 07/02 and 0 sales./li>
- REPRESENTATIVE DEBBIE DINGELL has traded it 3 times. They made 0 purchases and 3 sales worth up to $115,000 on 06/13, 06/12./li>
- REPRESENTATIVE GREG LANDSMAN sold up to $15,000 on 05/29.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
Apple Insider Trading Activity
Apple insiders have traded $AAPL stock on the open market 20 times in the past 6 months. Of those trades, 0 have been purchases and 20 have been sales.
Here’s a breakdown of recent trading of $AAPL stock by insiders over the last 6 months:
- LUCA MAESTRI (Senior Vice President, CFO) sold 59,305 shares.
- KATHERINE L. ADAMS (SVP, GC and Secretary) has traded it 7 times. They made 0 purchases and 7 sales, selling 161,019 shares.
- DEIRDRE O'BRIEN (Senior Vice President) has traded it 2 times. They made 0 purchases and 2 sales, selling 61,019 shares.
- TIMOTHY D COOK (Chief Executive Officer) has traded it 4 times. They made 0 purchases and 4 sales, selling 223,986 shares.
- JEFFREY E WILLIAMS (COO) has traded it 2 times. They made 0 purchases and 2 sales, selling 59,730 shares.
- CHRIS KONDO (Principal Accounting Officer) has traded it 3 times. They made 0 purchases and 3 sales, selling 18,883 shares.
- ARTHUR D LEVINSON sold 75,000 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
Apple Hedge Fund Activity
We have seen 2,287 institutional investors add shares of Apple stock to their portfolio, and 2,446 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BERKSHIRE HATHAWAY INC removed 389,368,450 shares (-49.3%) from their portfolio in Q2 2024
- INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC added 93,886,664 shares (+20372.7%) to their portfolio in Q3 2024
- STATE STREET CORP removed 60,515,600 shares (-10.3%) from their portfolio in Q2 2024
- FMR LLC added 56,655,939 shares (+19.6%) to their portfolio in Q2 2024
- WELLINGTON MANAGEMENT GROUP LLP added 44,108,358 shares (+73.7%) to their portfolio in Q2 2024
- BANK OF AMERICA CORP /DE/ added 41,061,600 shares (+50.3%) to their portfolio in Q2 2024
- CAPITAL RESEARCH GLOBAL INVESTORS added 37,318,050 shares (+117.4%) to their portfolio in Q2 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Should I Buy $AAPL Stock?
The bull case for Apple's stock ($AAPL) highlights its expanding global user base across diverse products, which bolsters its competitive advantage and supports healthy margins and capital allocation strategies. Strong demand for the iPhone 15, fueled by pent-up consumer interest and a trend towards higher-end models, promises a significant rebound in revenue, projected to grow by 8% year-over-year in FY24, backed by a resurgence in iPhone sales and re-accelerating services growth. Conversely, the bear case underscores concerns about declining sales projections, with expectations of a fourth consecutive year-over-year drop in F4Q23 that may carry into F1Q24. The company faces weaknesses in key markets like the U.S. and Japan, alongside potential adverse effects from reduced consumer discretionary spending and the diminishing benefits of work-from-home trends. Additionally, slowing growth in the Americas segment, along with increasing R&D expenditures and a shifting product mix, raises doubts about Apple's financial stability and long-term growth prospects.
Background on $AAPL Stock
Apple Inc. (AAPL) is a multinational technology company that designs, manufactures, and markets a range of consumer electronics, software, and services. Founded in 1976, Apple is best known for its iconic products, including the iPhone, iPad, Mac computers, Apple Watch, and Apple TV. In addition to hardware, Apple develops its own operating systems, such as iOS, macOS, watchOS, and tvOS, and offers various software applications and services like the App Store, Apple Music, iCloud, and Apple Pay. The company's emphasis on innovation, design, and user experience has positioned it as a leader in the tech industry, with a fiercely loyal customer base and a strong brand reputation. Apple's ecosystem integrates its products and services to create a seamless user experience, driving continuous revenue growth and profitability.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
