Rep. Pete Sessions Sells Off Shares of Apple Inc. (NASDAQ:AAPL)

Representative Pete Sessions (Republican-Texas) recently sold shares of Apple Inc. (NASDAQ:AAPL). In a filing disclosed on September 22nd, the Representative disclosed that they had sold between $100,001 and $250,000 in Apple stock on September 22nd. The trade occurred in the Representative’s “IRA ONE” account.

Representative Pete Sessions also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of AbbVie (NYSE:ABBV) on 9/14/2026.
• Sold $15,001 – $50,000 in shares of Alphabet (NASDAQ:GOOGL) on 9/14/2026.
• Sold $1,001 – $15,000 in shares of Ares Capital (NASDAQ:ARCC) on 7/24/2026.

Apple Stock Performance

Shares of Apple stock opened at $337.02 on Thursday. Apple Inc. has a 12 month low of $243.42 and a 12 month high of $345.34. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The stock has a market cap of $4.92 trillion, a PE ratio of 38.65, a price-to-earnings-growth ratio of 2.95 and a beta of 1.08. The business has a fifty day simple moving average of $321.36 and a 200-day simple moving average of $296.51.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping 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 business’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.57 EPS. On average, sell-side analysts anticipate that Apple Inc. will post 8.74 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were issued a $0.27 dividend. The ex-dividend date 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 is presently 12.39%.

Insiders Place Their Bets

In other Apple news, SVP Jennifer Newstead sold 1,438 shares of the business’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $330.19, for a total value of $474,813.22. Following the completion of the transaction, the senior vice president directly owned 32,914 shares of the company’s stock, valued at approximately $10,867,873.66. The trade was a 4.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 8,632 shares of company stock valued at $2,719,955. Company insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

AAPL has been the subject of a number of research analyst reports. Bank of America reiterated a “buy” rating and issued a $370.00 target price on shares of Apple in a research report on Wednesday. Sanford C. Bernstein upped their price target on shares of Apple from $350.00 to $370.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Piper Sandler initiated coverage on Apple in a research report on Monday, August 17th. They set an “overweight” rating for the company. The Goldman Sachs Group assumed coverage on Apple in a research note on Monday, August 17th. They issued a “buy” rating for the company. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $303.00 price objective on shares of Apple in a research report on Thursday, September 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $340.14.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Bank of America reaffirmed its Buy rating and assigned a $370 price target, implying further upside. The firm highlighted improving iPhone 18 Pro Max availability trends, while premium demand remains relatively resilient. BofA Sends Stark Message to Apple Stock Investors on iPhone 18
• Positive Sentiment: Apple’s new M6 Mac mini and M5 Mac Studio are being marketed as lower-cost alternatives to cloud-based AI infrastructure, potentially expanding Apple’s enterprise opportunity. Their ability to run large AI models locally could create a new hardware growth driver. With new Macs, Apple aims to take on Microsoft and Nvidia
• Positive Sentiment: Reports that Apple is developing a screenless fitness tracker to compete with Whoop and Oura point to potential long-term expansion in health and wearables, although a launch may not occur until 2028. Apple could take on Whoop with a new fitness tracker

Institutional Trading of Apple

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Avenir Tech Ltd acquired a new position in shares of Apple during the second quarter valued at about $29,000. Longfellow Investment Management Co. LLC acquired a new stake in Apple during the 2nd quarter valued at $30,000. Lifetime Wealth Management P.C. acquired a new stake in shares of Apple in the fourth quarter valued at $41,000. Ascentis Wealth Management LLC raised its holdings in shares of Apple by 822.7% in the second quarter. Ascentis Wealth Management LLC now owns 292,493 shares of the iPhone maker’s stock valued at $85,000 after buying an additional 260,792 shares during the last quarter. Finally, Basso Capital Management L.P. acquired a new position in Apple during the 4th quarter worth about $88,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

About Representative Sessions

Pete Sessions (Republican Party) is a member of the U.S. House, representing Texas’ 17th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027.

Sessions (Republican Party) ran for re-election to the U.S. House to represent Texas’ 17th Congressional District. He won in the general election on November 5, 2024.

On October 20, 2023, Sessions announced he was running to replace Kevin McCarthy (R) as speaker of the U.S. House in the 118th Congress. Sessions lost the first round of nomination voting on October 24, 2023.

Pete Sessions was born and lives in Waco, Texas. Sessions earned a B.S. from Southwestern University in 1978. Sessions’ career experience includes working as an executive with AT&T.

Apple Company Profile

Apple Inc is a technology company that designs, develops and markets consumer electronics, software and digital services. Its principal products include the iPhone, Mac computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and applications that support its hardware products.

Apple’s services business includes the App Store, Apple Music, Apple TV, Apple Arcade, Apple Fitness+, Apple News+, Apple Pay and iCloud. These services provide digital content, payments, cloud storage and subscription offerings across the company’s ecosystem of devices.

Founded in 1976, Apple is headquartered in Cupertino, California, and serves consumers, businesses, educational institutions and government customers worldwide.