Georgia Representative Sells Apple Stock Amid Quarterly Earnings Beat

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 in their 'GROWTH PARTNERS ROTH IRA' account.

This is not an isolated incident as Representative McCormick also made trades for other companies, including Medtronic (NYSE: MDT), NextEra Energy (NYSE: NEE), PepsiCo (NASDAQ: PEP), Abbott Laboratories (NYSE: ABT), McDonald's (NYSE: MCD), L3Harris Technologies (NYSE: LHX), Johnson & Johnson (NYSE: JNJ), Intercontinental Exchange (NYSE: ICE), Illinois Tool Works (NYSE: ITW), and Home Depot (NYSE: HD) all on July 30th.

Apple Inc. has a market cap 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 had revenue of $109.42 billion during the quarter, compared to the consensus estimate of $109.04 billion.