Rep. Michael A. Rulli Unloads Shares of Apple Inc. (NASDAQ:AAPL)

Representative Michael A. Rulli (Republican-Ohio) recently sold shares of Apple Inc. (NASDAQ:AAPL). In a filing disclosed on August 07th, the Representative disclosed that they had sold between $1,001 and $15,000 in Apple stock on June 25th. The trade occurred in the Representative’s “MERRILL LYNCH MANAGED ACCOUNT” account.

Representative Michael A. Rulli also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Crown Castle (NYSE:CCI) on 8/6/2026.
• Sold $1,001 – $15,000 in shares of Eli Lilly and Company (NYSE:LLY) on 7/1/2026.
• Purchased $1,001 – $15,000 in shares of KLA (NASDAQ:KLAC) on 7/1/2026.
• Purchased $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 6/29/2026.
• Purchased $1,001 – $15,000 in shares of Micron Technology (NASDAQ:MU) on 6/25/2026.
• Purchased $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 6/25/2026.
• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 6/25/2026.
• Purchased $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 6/25/2026.
• Sold $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 6/25/2026.

Apple Stock Down 0.5%

Apple stock traded down $1.65 during mid-day trading on Tuesday, hitting $306.61. The company had a trading volume of 8,568,984 shares, compared to its average volume of 50,940,422. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. The stock’s 50 day moving average price is $309.49 and its two-hundred day moving average price is $283.86. Apple Inc. has a 12 month low of $223.78 and a 12 month high of $344.57. The company has a market capitalization of $4.47 trillion, a PE ratio of 35.18, a price-to-earnings-growth ratio of 2.68 and a beta of 1.09.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.13. The firm had revenue of $109.42 billion during the quarter, compared to the consensus estimate of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.The company’s revenue was up 16.4% on a year-over-year basis. During the same period last year, the company earned $1.57 earnings per share. As a group, sell-side analysts anticipate that Apple Inc. will post 8.76 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Monday, August 10th will be paid a dividend of $0.27 per share. The ex-dividend date is Monday, August 10th. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. Apple’s payout ratio is presently 12.39%.

Institutional Investors Weigh In On Apple

A number of institutional investors and hedge funds have recently bought and sold shares of AAPL. Longfellow Investment Management Co. LLC bought a new stake in shares of Apple in the second quarter worth about $30,000. Lifetime Wealth Management P.C. bought a new position in Apple during the fourth quarter valued at $41,000. ROSS JOHNSON & Associates LLC grew its stake in shares of Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after buying an additional 180 shares in the last quarter. Timmons Wealth Management LLC purchased a new position in shares of Apple in the 4th quarter worth $69,000. Finally, LSV Asset Management bought a new stake in shares of Apple in the 4th quarter worth about $65,000. 67.73% of the stock is owned by institutional investors.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s strong June-quarter results and long-term track record remain key supports for the stock. The company exceeded EPS and revenue estimates, with revenue rising 16.4% year over year. Some analysts and investors view the recent pullback as an accumulation opportunity ahead of a potentially strong iPhone upgrade cycle. Apple accumulation opportunity
• Positive Sentiment: Apple received investor-led recognition for responsible mineral sourcing in East Africa, potentially reinforcing its environmental, social and governance credentials. Separately, Crake Asset Management reportedly increased its Apple position by 890,000 shares, signaling confidence from at least one institutional investor. Responsible mineral sourcing recognition
• Neutral Sentiment: Apple is testing memory chips from China’s CXMT for some iPhones and MacBooks sold in China. The move could diversify supply and reduce exposure to a global DRAM shortage caused partly by AI demand, but U.S. restrictions, CXMT’s limited capacity and technology gap may constrain the benefit. Apple tests CXMT memory chips
• Neutral Sentiment: Apple’s quarterly dividend of $0.27 per share is scheduled for August 13, while Erste Group made only a minor reduction to its FY2027 EPS forecast, to $9.54 from $9.57. These developments provide limited near-term trading impact.
• Negative Sentiment: Jefferies downgraded Apple to Underperform from Hold and cut its price target to $263.66 from $285.56. The firm cited reports that Apple scrapped a planned high-end, all-glass iPhone, weakening the expected path toward higher average selling prices and greater profitability. Jefferies Apple downgrade
• Negative Sentiment: Surging memory and storage costs could raise iPhone 18 production expenses by approximately 38%. Apple may need to increase prices, accept lower margins or risk weaker demand, while reduced pricing power in China adds to investor concerns. iPhone 18 cost concerns

Analysts Set New Price Targets

AAPL has been the subject of a number of analyst reports. Tigress Financial restated a “strong-buy” rating and set a $375.00 price objective (up from $305.00) on shares of Apple in a research note on Thursday, May 14th. China Renaissance lowered Apple from a “buy” rating to a “hold” rating and set a $280.00 target price for the company. in a report on Tuesday, August 4th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $350.00 price target (up from $310.00) on shares of Apple in a report on Friday, July 31st. UBS Group reiterated a “neutral” rating on shares of Apple in a report on Friday, July 31st. Finally, Phillip Securities lowered Apple from a “hold” rating to a “moderate sell” rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $328.60.

Insider Activity

In other news, insider Ben Borders sold 116 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total transaction of $34,236.24. Following the sale, the insider directly owned 38,713 shares in the company, valued at approximately $11,425,754.82. This represents a 0.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 0.06% of the company’s stock.

About Representative Rulli

Michael Rulli (Republican Party) is a member of the U.S. House, representing Ohio’s 6th Congressional District. He assumed office on June 25, 2024. His current term ends on January 3, 2027.

Rulli (Republican Party) is running for re-election to the U.S. House to represent Ohio’s 6th Congressional District. He declared candidacy for the 2026 election.

Michael Rulli graduated from Poland Seminary High School. He earned a degree from Emerson College. Rulli’s career experience includes working as the director of operations with Rulli Bros. Markets.

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.