Rep. Cleo Fields Purchases Shares of Apple Inc. (NASDAQ:AAPL)

Representative Cleo Fields (Democratic-Louisiana) recently bought shares of Apple Inc. (NASDAQ:AAPL). In a filing disclosed on September 02nd, the Representative disclosed that they had bought between $1,001 and $15,000 in Apple stock on August 13th. The trade occurred in the Representative’s “MORGAN STANLEY – E*TRADE #2” account.

Representative Cleo Fields also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) on 7/10/2026.
• Purchased $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 6/26/2026.
• Purchased $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOG) on 6/15/2026.
• Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 6/11/2026.
• Purchased $1,001 – $15,000 in shares of Quantinuum (NASDAQ:QNT) on 6/4/2026.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $328.21 on Friday. Apple Inc. has a twelve month low of $225.95 and a twelve month high of $344.57. The stock’s 50 day moving average is $314.94 and its 200-day moving average is $290.13. 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 firm has a market capitalization of $4.79 trillion, a price-to-earnings ratio of 37.64, a PEG ratio of 2.81 and a beta of 1.08.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.13. Apple had a net margin of 27.62% and a return on equity of 135.46%. The business had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. During the same quarter in the previous year, the business posted $1.57 EPS. Apple’s quarterly revenue was up 16.4% on a year-over-year basis. Sell-side analysts forecast that Apple Inc. will post 8.74 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were issued a dividend of $0.27 per share. The ex-dividend date was Monday, August 10th. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. Apple’s payout ratio is currently 12.39%.

Insiders Place Their Bets

In other news, insider Ben Borders sold 116 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 1,439 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $317.01, for a total transaction of $456,177.39. Following the sale, the senior vice president owned 35,790 shares of the company’s stock, valued at approximately $11,345,787.90. This represents a 3.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 5,872 shares of company stock valued at $1,823,201. Corporate insiders own 0.06% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. First National Bank of Hutchinson grew its holdings in Apple by 24.6% in the 4th quarter. First National Bank of Hutchinson now owns 35,319 shares of the iPhone maker’s stock worth $8,845,000 after acquiring an additional 6,982 shares during the last quarter. Eagle Capital Management LLC increased its stake in shares of Apple by 0.5% in the 4th quarter. Eagle Capital Management LLC now owns 54,085 shares of the iPhone maker’s stock worth $13,544,000 after acquiring an additional 272 shares in the last quarter. Brighton Jones LLC lifted its holdings in shares of Apple by 14.8% during the fourth quarter. Brighton Jones LLC now owns 537,314 shares of the iPhone maker’s stock valued at $134,554,000 after purchasing an additional 69,207 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in Apple by 4.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 66,857 shares of the iPhone maker’s stock worth $16,742,000 after acquiring an additional 2,695 shares in the last quarter. Finally, Highview Capital Management LLC DE boosted its stake in Apple by 2.4% in the 4th quarter. Highview Capital Management LLC DE now owns 50,264 shares of the iPhone maker’s stock worth $12,587,000 after purchasing an additional 1,155 shares in the last quarter. 67.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AAPL. Evercore reiterated an “outperform” rating on shares of Apple in a report on Tuesday, August 25th. KGI Securities lowered shares of Apple from an “outperform” rating to a “hold” rating and set a $315.00 target price on the stock. in a report on Monday, June 22nd. KeyCorp reiterated an “underweight” rating on shares of Apple in a research note on Friday. DZ Bank lowered Apple from a “buy” rating to a “hold” rating and set a $310.00 price objective for the company. in a report on Tuesday, August 4th. Finally, China Renaissance downgraded Apple from a “buy” rating to a “hold” rating and set a $280.00 price objective for the company. in a research note on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $330.61.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Anticipation is building for Apple’s September 9 product event, Ternus’s first major launch as CEO. He called the upcoming release “phenomenal,” raising expectations for new premium iPhones and potentially Apple’s first foldable iPhone. Apple’s New CEO Teases Phenomenal iPhone Launch
• Positive Sentiment: The foldable iPhone represents a potential new growth engine. Morgan Stanley estimates it could contribute about $14 billion in December-quarter revenue, while other projections point to premium pricing and substantial unit sales if consumer demand is strong. Apple Foldable iPhone Revenue Estimate
• Positive Sentiment: Morgan Stanley reaffirmed an Overweight rating with a $360 price target. Recent quarterly results also showed strong momentum, including revenue growth of 16.4% year over year and earnings above consensus estimates. Morgan Stanley Reiterates Overweight Rating
• Neutral Sentiment: Ternus formally succeeded Tim Cook on September 1, with Cook remaining executive chairman. The arrangement offers continuity, but investors are watching whether Ternus’s product-focused approach can improve Apple’s position in artificial intelligence and sustain growth. John Ternus Takes the Helm at Apple
• Negative Sentiment: Memory costs have reportedly surged, potentially pushing iPhone production expenses sharply higher. Apple may need to raise prices, accept lower margins or risk weaker demand; higher prices could also slow device sales and the services revenue tied to Apple’s installed base. Apple Memory Costs and iPhone Pricing
• Negative Sentiment: Jefferies downgraded Apple to Underperform after reports that Apple canceled two MacBook projects, including a large foldable model, and questioned whether the foldable iPhone will appeal beyond a niche market. Jefferies Downgrades Apple
• Negative Sentiment: Apple faces a £2 billion ($2.7 billion) UK lawsuit alleging that its App Tracking Transparency rules disadvantage third-party developers. BASF has separately sued Apple over alleged infringement of face-authentication patents, adding regulatory and litigation uncertainty. Apple UK App-Tracking Lawsuit
• Negative Sentiment: Apple SVP Jennifer Newstead sold 1,439 shares worth approximately $456,000, reducing her direct ownership by 3.87%. The sale is modest relative to her remaining stake and is unlikely to materially change the investment outlook, but it is a minor cautionary signal. Apple Insider Trading Filing

About Representative FIELDS

Cleo Fields (Democratic Party) is a member of the U.S. House, representing Louisiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Fields (Democratic Party) is running for re-election to the U.S. House to represent Louisiana’s 6th Congressional District. He declared candidacy for the primary scheduled on November 3, 2026.

Cleo Fields graduated from McKinley High School in 1980. He earned a bachelor’s degree in mass communications from Southern University in 1984 and a J.D. from the Southern University Law Center in 1987. His career experience includes working as a state legislator and U.S. congressman. When Fields was elected to the Louisiana State Senate in 1986, he was the youngest person ever elected to the State Senate in Louisiana’s history. In 1995, Fields ran for governor of Louisiana, becoming the first African American since reconstruction to make the runoff.

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.