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

Posted by Amy Steele on Aug 18th, 2026

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 Down 0.1%

AAPL opened at $305.59 on Tuesday. The company has a market capitalization of $4.46 trillion, a P/E ratio of 35.04, a P/E/G ratio of 2.62 and a beta of 1.09. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. The firm’s fifty day moving average price is $309.06 and its two-hundred day moving average price is $285.73. Apple Inc. has a fifty-two week low of $223.78 and a fifty-two week high of $344.57.

Apple (NASDAQ:AAPL – Get Free Report) last announced its quarterly earnings data 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 company had revenue of $109.42 billion during the quarter, compared to analysts’ expectations of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The business’s revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.57 EPS. On average, analysts anticipate that Apple Inc. will post 8.76 EPS for the current year.

Apple Announces Dividend

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

Insider Buying and Selling

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 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 legal filing with the SEC, which is available through this link. Also, insider Ben Borders sold 116 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total value of $34,236.24. Following the completion of the transaction, the insider directly owned 38,713 shares of the company’s stock, valued at $11,425,754.82. The trade was a 0.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.06% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Needham & Company LLC restated a “hold” rating on shares of Apple in a research report on Friday, July 31st. Wells Fargo & Company restated an “overweight” rating and issued a $350.00 target price (up from $310.00) on shares of Apple in a research note on Friday, July 31st. UBS Group reiterated a “neutral” rating on shares of Apple in a research report on Friday, July 31st. Sanford C. Bernstein reiterated an “outperform” rating on shares of Apple in a research report on Monday, June 8th. Finally, Oppenheimer reissued a “market perform” rating on shares of Apple in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and an average target price of $330.53.

Read Our Latest Stock Analysis on Apple

Institutional Investors Weigh In On Apple

Several large investors have recently made changes to their positions in AAPL. Bank OZK bought a new position in Apple during the 2nd quarter valued at $17,395,000. Hamilton Capital LLC purchased a new position in shares of Apple in the 2nd quarter worth about $13,162,000. Hayek Kallen Investment Management purchased a new position in shares of Apple in the 2nd quarter worth about $38,366,000. Old North State Trust LLC purchased a new position in Apple in the second quarter valued at about $17,771,000. Finally, Caitlin John LLC bought a new position in shares of Apple during the 2nd quarter valued at approximately $1,742,000. Institutional investors own 67.73% of the company’s stock.

Key Stories Impacting Apple

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 to $400 from $260. The firm cited potential growth from a premium foldable iPhone and a strategic reset of Apple Intelligence, while suggesting Apple could use Nvidia’s open-source AI models to improve its position. Apple Stock Got an Upgrade. It Could Be the AI Gatekeeper.
Positive Sentiment: Antitrust relief removes a legal overhang. Apple reportedly won significant relief in an antitrust battle, potentially reducing regulatory risk around its App Store and business practices. Apple Wins Major Relief in Antitrust Battle
Positive Sentiment: Pre-iPhone event demand appears supportive. A KeyBanc survey indicated improving consumer spending ahead of Apple’s expected September product launch, providing a potential near-term catalyst for iPhone sales. Why Investors Should Consider Buying Apple Stock Ahead of Its September iPhone Event
Neutral Sentiment: Apple is changing European app-tracking consent rules following a German competition investigation. The changes may benefit Meta and advertisers, but could reduce some of Apple’s control over data-related monetization. Apple to change app data consent rules, German regulator says
Negative Sentiment: Memory-chip sourcing is a growing risk. The Trump administration urged Apple not to buy Chinese memory chips because of national-security concerns. Complying could raise component costs, while defying the request could create political or supply-chain complications. Apple May Buy Chinese Memory Chips Despite US Request
Negative Sentiment: Valuation and execution concerns remain. At roughly $306 and about 35 times earnings, bearish commentary argues that much of Apple’s quality is already reflected in the price and that AI progress may not justify a higher multiple. Apple’s Red Flags Are Real and Signal Trouble
Negative Sentiment: Security and App Store-management reports add reputational risk. Investigators reported an unusually large number of spyware alerts affecting Apple users, while DefiLlama said fake apps delayed its launch. Apple has also patched a critical macOS flaw exploited for cryptocurrency mining. Unprecedented number of Apple users received recent spyware alert

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.

About Apple

(Get Free Report)

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.