Rep. Dan Crenshaw Sells Off Apple Inc. (NASDAQ:AAPL) Stock

Representative Dan Crenshaw (Republican-Texas) recently sold shares of Apple Inc. (NASDAQ:AAPL). In a filing disclosed on July 16th, the Representative disclosed that they had sold between $1,001 and $15,000 in Apple stock on June 1st.

Representative Dan Crenshaw also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of United States 3x Oil Fund (NYSEARCA:USOU) on 6/1/2026.
• Sold $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 6/1/2026.
• Sold $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOG) on 6/1/2026.
• Sold $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 6/1/2026.

Apple Stock Performance

NASDAQ AAPL traded up $1.10 during midday trading on Tuesday, hitting $327.69. The company had a trading volume of 22,501,719 shares, compared to its average volume of 50,401,145. The stock has a market cap of $4.81 trillion, a price-to-earnings ratio of 39.62, a P/E/G ratio of 2.90 and a beta of 1.10. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 0.70. The firm has a fifty day simple moving average of $304.29 and a two-hundred day simple moving average of $277.50. Apple Inc. has a fifty-two week low of $201.50 and a fifty-two week high of $334.99.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, April 30th. The iPhone maker reported $2.01 EPS for the quarter, topping the consensus estimate of $1.95 by $0.06. The company had revenue of $111.18 billion during the quarter, compared to analysts’ expectations of $109.46 billion. Apple had a net margin of 27.15% and a return on equity of 146.69%. Apple’s revenue was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.65 EPS. Equities analysts forecast that Apple Inc. will post 8.76 earnings per share for the current fiscal year.

Apple Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were paid a $0.27 dividend. The ex-dividend date was Monday, May 11th. This is a positive change from Apple’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. Apple’s dividend payout ratio is presently 13.06%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AAPL. Jefferies Financial Group reissued a “hold” rating on shares of Apple in a research report on Tuesday, June 9th. Tigress Financial reiterated a “strong-buy” rating and set a $375.00 price objective (up from $305.00) on shares of Apple in a research note on Thursday, May 14th. Evercore reissued an “outperform” rating on shares of Apple in a report on Wednesday, July 8th. BNP Paribas Exane upgraded shares of Apple from a “neutral” rating to an “outperform” rating and set a $300.00 price target on the stock in a research note on Friday, April 17th. Finally, Raymond James Financial set a $380.00 price target on Apple in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $322.43.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is launching a new “Apple Upgrade” leasing program with Klarna to make iPhone, iPad, Mac, and Apple Watch upgrades cheaper and easier, which could lift hardware replacement demand and support sales. Apple to launch ‘Upgrade’ device leasing program to spur sales, Bloomberg News reports
• Positive Sentiment: HSBC reportedly upgraded Apple and said the company is entering a powerful new upgrade cycle, with AI and a stronger product roadmap seen as catalysts for renewed growth. HSBC Says Apple Is Entering a Powerful New Upgrade Cycle. What That Means for AAPL Stock.
• Positive Sentiment: Apple’s AI push in China is gaining traction after reports that Apple Intelligence received regulatory approval there, which could improve the company’s growth outlook in a key market. China’s New AI Breakthrough Shows Tim Cook’s Risky Final Bet Might Actually Be Genius
• Positive Sentiment: Apple briefly reclaimed the title of world’s most valuable company, reinforcing investor confidence in its brand strength and monetization model. Apple Reclaims World’s Most Valuable Company Title at $4.9 Trillion
• Neutral Sentiment: Several commentary pieces ahead of Apple’s July 30 earnings report focus on valuation, margin trends, and whether the stock’s recent rally has already priced in much of the upside. Apple Stock Hits All-Time Highs: ‘End Of An Era’ with Tim Cook’s Final Quarter, Analyst Says Focus on iPhone, Gross Margins
• Neutral Sentiment: Apple continues to attract “top stock” and “momentum” coverage, but these are mostly sentiment-driven pieces rather than new fundamental developments. Why Apple (AAPL) is a Top Momentum Stock for the Long-Term
• Negative Sentiment: Apple is also facing caution around stretched valuation and potential margin pressure, with some analysts warning the stock could be vulnerable if growth or AI adoption disappoints. Apple: Moat Keeps Doing The Heavy Lifting

Insider Transactions at Apple

In other news, insider Ben Borders sold 116 shares of the company’s stock in a transaction dated 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 sale, the insider owned 38,713 shares of the company’s stock, valued at $11,425,754.82. This represents a 0.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Kevan Parekh sold 1,534 shares of the stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $275.00, for a total transaction of $421,850.00. Following the completion of the transaction, the chief financial officer owned 13,366 shares in the company, valued at $3,675,650. This trade represents a 10.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 2,924 shares of company stock valued at $825,546. Corporate insiders own 0.06% of the company’s stock.

Institutional Trading of Apple

A number of hedge funds have recently bought and sold shares of the business. First National Bank of Hutchinson grew its stake in shares of Apple by 24.6% during the fourth quarter. First National Bank of Hutchinson now owns 35,319 shares of the iPhone maker’s stock valued at $8,845,000 after buying an additional 6,982 shares during the last quarter. Eagle Capital Management LLC grew its position in 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 purchasing an additional 272 shares during the period. Brighton Jones LLC raised its stake in Apple by 14.8% during the 4th quarter. Brighton Jones LLC now owns 537,314 shares of the iPhone maker’s stock valued at $134,554,000 after buying an additional 69,207 shares during the last quarter. Revolve Wealth Partners LLC lifted 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 valued at $16,742,000 after acquiring an additional 2,695 shares during the period. Finally, Highview Capital Management LLC DE boosted its position in Apple by 2.4% in the fourth 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 during the last quarter. 67.73% of the stock is currently owned by institutional investors.

About Representative Crenshaw

Daniel Crenshaw (Republican Party) is a member of the U.S. House, representing Texas’ 2nd Congressional District. He assumed office on January 3, 2019. His current term ends on January 3, 2027.

Crenshaw (Republican Party) is running for re-election to the U.S. House to represent Texas’ 2nd Congressional District. He declared candidacy for the 2026 election.

Crenshaw defeated Todd Litton (D), Patrick Gunnels (L), and Scott Cubbler (Independent) in the general election on November 6, 2018. He advanced to a Republican primary runoff on May 22, 2018, where he defeated Kevin Roberts. The runoff election was called after no candidate won 50 percent of the vote in the Republican primary on March 6, 2018.

A retired lieutenant commander in the U.S. Navy, Crenshaw served in the Navy SEALs for ten years. Prior to running in 2018, Crenshaw had not previously served in elected office. Crenshaw’s candidacy received media attention, including an appearance on Fox and Friends. U.S. Reps. Pete Sessions (R-Texas), whom he previously worked for as a military legislative assistant, and Scott Taylor (R-Virg.) endorsed Crenshaw’s candidacy.

Crenshaw served as a Navy SEAL from 2006 to 2016. He was deployed to Iraq and Afghanistan and lost his right eye in an IED explosion in Afghanistan. He earned a bachelor’s degree in international affairs from Tufts University and an M.P.A. from Harvard.

About Apple

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.