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

Posted by Francis Steltz on Aug 11th, 2026

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 Trading Down 1.6%

Shares of AAPL opened at $308.26 on Tuesday. The stock’s 50-day moving average is $309.49 and its two-hundred day moving average is $283.86. The stock has a market cap of $4.50 trillion, a PE ratio of 35.35, a P/E/G ratio of 2.68 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. Apple Inc. has a 12 month low of $223.78 and a 12 month high of $344.57.

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

Apple Dividend Announcement

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 given a $0.27 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $1.08 annualized dividend and a yield of 0.4%. Apple’s dividend payout ratio (DPR) is 12.39%.

More Apple News

Here are the key news stories impacting Apple this week:

Positive Sentiment: Apple is testing memory chips from China’s CXMT for iPhones and MacBooks sold in China, potentially giving it an additional supply source during a global DRAM shortage and helping mitigate component costs. However, U.S. export restrictions and CXMT’s capacity and technology limitations could constrain the opportunity. Apple tests China’s CXMT memory chips for iPhones and MacBooks
Positive Sentiment: Crake Asset Management reportedly increased its Apple position by approximately 890,000 shares, signaling continued institutional confidence, although the transaction is not expected to materially change Apple’s fundamentals. Crake Asset Management boosts Apple stake
Neutral Sentiment: Apple’s next quarterly dividend of $0.27 per share is scheduled for August 13, providing a modest near-term shareholder return but little effect on the stock’s broader outlook. Apple to pay dividends this week
Negative Sentiment: Jefferies downgraded AAPL to Underperform from Hold and reduced its price target to $263.66 from $285.56. The firm cited supply-chain checks suggesting Apple may have abandoned a planned premium all-glass iPhone, weakening a potential catalyst for substantially higher average selling prices. Apple downgraded by Jefferies over canceled all-glass iPhone
Negative Sentiment: Investors are concerned that iPhone 18 production costs could rise by roughly 38% because of soaring memory prices. Apple may need to raise prices—risking demand—or absorb the costs through lower margins. Reports also suggest Apple’s negotiating leverage over memory suppliers has diminished. iPhone 18 costs could jump 38 percent
Negative Sentiment: The combination of a potentially canceled breakthrough iPhone design, higher component expenses, and uncertainty over incoming CEO John Ternus’s product strategy has led analysts to question Apple’s near-term growth and pricing power. These concerns are particularly important because Apple’s valuation leaves limited room for execution disappointments. Apple downgraded at Jefferies over iPhone yields and growth concerns

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Maxim Group restated a “buy” rating and set a $350.00 target price (up from $310.00) on shares of Apple in a research note on Tuesday, June 9th. Jefferies Financial Group cut Apple from a “buy” rating to an “underperform” rating and cut their price target for the stock from $285.56 to $263.66 in a research note on Monday. The Goldman Sachs Group reissued a “buy” rating and issued a $360.00 price target (down from $370.00) on shares of Apple in a report on Friday, July 31st. Evercore reaffirmed an “outperform” rating on shares of Apple in a research report on Wednesday, July 8th. Finally, TD Cowen raised their price objective on shares of Apple from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $328.60.

Get Our Latest Stock Report on Apple

Insider Transactions at Apple

In other news, insider Ben Borders sold 116 shares of the 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 owned 38,713 shares of the company’s stock, valued at approximately $11,425,754.82. This represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 0.06% of the company’s stock.

Institutional Investors Weigh In On Apple

A number of hedge funds have recently added to or reduced their stakes in AAPL. Sterling Wealth Management Inc. boosted its position in shares of Apple by 0.3% during the second quarter. Sterling Wealth Management Inc. now owns 11,579 shares of the iPhone maker’s stock worth $3,351,000 after buying an additional 30 shares during the period. Evansbrook LLC grew its holdings in Apple by 0.4% in the 1st quarter. Evansbrook LLC now owns 8,095 shares of the iPhone maker’s stock worth $2,054,000 after buying an additional 34 shares in the last quarter. JMG Financial Group Ltd. increased its position in Apple by 0.7% in the 1st quarter. JMG Financial Group Ltd. now owns 5,102 shares of the iPhone maker’s stock valued at $1,295,000 after acquiring an additional 35 shares during the period. Reyes Financial Architecture Inc. raised its stake in Apple by 0.4% during the 3rd quarter. Reyes Financial Architecture Inc. now owns 9,898 shares of the iPhone maker’s stock valued at $2,520,000 after acquiring an additional 37 shares in the last quarter. Finally, WESPAC Advisors LLC raised its stake in Apple by 0.3% during the 4th quarter. WESPAC Advisors LLC now owns 12,326 shares of the iPhone maker’s stock valued at $3,351,000 after acquiring an additional 39 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors.

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.

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.