Rep. Ed Case Acquires Apple Inc. (NASDAQ:AAPL) Shares

Posted by Francis Steltz on Aug 20th, 2026

Representative Ed Case (Democratic-Hawaii) recently bought shares of Apple Inc. (NASDAQ:AAPL). In a filing disclosed on August 18th, the Representative disclosed that they had bought between $1,001 and $15,000 in Apple stock on August 13th.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $316.83 on Thursday. The company has a market cap of $4.62 trillion, a P/E ratio of 36.33, a P/E/G ratio of 2.66 and a beta of 1.09. Apple Inc. has a 52 week low of $223.78 and a 52 week high of $344.57. 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 business has a fifty day simple moving average of $309.95 and a 200-day simple moving average of $286.52.

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

Apple Announces Dividend

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

Analysts Set New Price Targets

Several brokerages recently weighed in on AAPL. 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. Deutsche Bank Aktiengesellschaft downgraded shares of Apple from a “buy” rating to a “hold” rating in a research report on Monday. Tigress Financial restated a “strong-buy” rating and issued a $375.00 target price (up from $305.00) on shares of Apple in a report on Thursday, May 14th. JPMorgan Chase & Co. decreased their price objective on Apple from $345.00 to $340.00 and set an “overweight” rating for the company in a report on Friday, July 31st. Finally, Wedbush reissued an “outperform” rating and issued a $400.00 price objective on shares of Apple in a report on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $330.53.

Get Our Latest Stock Analysis on AAPL

Key Apple News

Here are the key news stories impacting Apple this week:

Positive Sentiment: Rothschild & Co Redburn upgraded Apple from “neutral” to “buy” and set a $400 price target, implying substantial potential upside. Apple upgrade details
Positive Sentiment: Analysts and market commentators are highlighting Apple as an underappreciated AI mega-cap. Its restrained infrastructure spending may make the company a defensive alternative to rivals committing hundreds of billions of dollars to AI, while still allowing Apple to benefit from AI-enabled products and services. Apple AI analyst commentary
Positive Sentiment: Investor sentiment toward the iPhone remains firm. Gerber Kawasaki CEO Ross Gerber said iPhone 17 sales are robust despite higher prices, while potential price increases for future models—including a foldable iPhone—could lift average selling prices and revenue. iPhone demand and pricing
Positive Sentiment: Apple may gain share in India as a chip shortage raises costs for Chinese smartphone makers, particularly in the low-end market. India’s average smartphone selling price has reached a record $315, supporting a more favorable premium-market backdrop. India smartphone market
Positive Sentiment: Technical and macro conditions have also helped: Apple has rebounded near key moving-average support, while lower Treasury yields encouraged investors to rebuild exposure to mega-cap technology stocks. Apple technical outlook

Institutional Investors Weigh In On Apple

Several institutional investors and hedge funds have recently modified their holdings of the stock. Berkshire Hathaway Inc purchased a new stake in Apple in the 2nd quarter worth about $65,950,297,000. Norges Bank purchased a new stake in Apple in the fourth quarter valued at about $52,266,468,000. Bank of America Corp DE purchased a new stake in shares of Apple during the second quarter worth about $36,986,090,000. Legal & General Group Plc acquired a new stake in Apple in the 2nd quarter worth approximately $30,443,242,000. Finally, Nuveen LLC purchased a new position in Apple in the 1st quarter worth $17,472,482,000. Institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling at Apple

In other news, SVP Jennifer Newstead sold 1,439 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $307.75, for a total value of $442,852.25. Following the transaction, the senior vice president owned 40,107 shares of the company’s stock, valued at $12,342,929.25. This represents a 3.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ben Borders sold 116 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total transaction of $34,236.24. Following the transaction, the insider owned 38,713 shares of the company’s stock, valued at $11,425,754.82. This trade represents a 0.30% decrease in their position. 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 company insiders.

About Representative Case

Ed Case (Democratic Party) is a member of the U.S. House, representing Hawaii’s 1st Congressional District. He assumed office on January 3, 2019. His current term ends on January 3, 2027.

Case (Democratic Party) ran for re-election to the U.S. House to represent Hawaii’s 1st Congressional District. He won in the general election on November 5, 2024.

After serving in the state legislature for eight years, Case represented Hawaii’s 2nd Congressional District in the U.S. House of Representatives from 2003 to 2007. He also graduated from the UC Hastings College of Law and worked as a managing attorney at Bays Lung Rose & Holma and Carlsmith Ball, two law firms in Honolulu.

Apple Company Profile

(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.