Jennifer Newstead Sells 1,438 Shares of Apple (NASDAQ:AAPL) Stock

Apple Inc. (NASDAQ:AAPL) SVP Jennifer Newstead sold 1,438 shares of the business’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $317.23, for a total transaction of $456,176.74. Following the transaction, the senior vice president directly owned 34,352 shares of the company’s stock, valued at approximately $10,897,484.96. This represents a 4.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jennifer Newstead also recently made the following trade(s):

• On Tuesday, September 1st, Jennifer Newstead sold 1,439 shares of Apple stock. The shares were sold at an average price of $317.01, for a total value of $456,177.39.
• On Tuesday, August 25th, Jennifer Newstead sold 1,439 shares of Apple stock. The stock was sold at an average price of $310.95, for a total value of $447,457.05.
• On Tuesday, August 18th, Jennifer Newstead sold 1,439 shares of Apple stock. The stock was sold at an average price of $307.49, for a total value of $442,478.11.
• On Tuesday, August 11th, Jennifer Newstead sold 1,439 shares of Apple stock. The shares were sold at an average price of $307.75, for a total value of $442,852.25.

Apple Stock Performance

AAPL opened at $332.27 on Friday. The firm has a market capitalization of $4.85 trillion, a P/E ratio of 38.10, a price-to-earnings-growth ratio of 2.83 and a beta of 1.08. The stock’s 50 day moving average price is $318.20 and its two-hundred day moving average price is $292.45. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. Apple Inc. has a 12-month low of $229.02 and a 12-month high of $344.57.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.13. Apple had a return on equity of 135.46% and a net margin of 27.62%.The company had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. During the same period in the previous year, the company earned $1.57 earnings per share. The company’s quarterly revenue was up 16.4% compared to the same quarter last year. On average, equities analysts forecast that Apple Inc. will post 8.74 earnings per share for the current year.

Apple Announces Dividend

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

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: iPhone Duo creates a potential new growth cycle. Apple’s $1,999 foldable iPhone, scheduled to arrive October 23, could drive upgrades, deepen ecosystem engagement and add a high-margin premium product category. Some analysts believe foldables could eventually account for 10% to 20% of iPhone revenue. How Wall Street viewed Apple’s foldable iPhone
• Positive Sentiment: Analysts see renewed hardware momentum. Alongside the Duo, Apple unveiled the iPhone 18 Pro lineup, new Apple Watch models, AirPods 5 and expanded Siri AI features. TD Cowen maintained a Buy rating with a $400 target, supporting the bullish reaction. TD Cowen reiterates Buy rating
• Positive Sentiment: Carrier promotions could reduce sticker-price resistance. T-Mobile, AT&T and Verizon are offering installment and trade-in incentives for the expensive Duo, potentially broadening access without an immediate industrywide price war. Wireless carrier promotions
• Neutral Sentiment: Wall Street remains divided. Bank of America retained a Buy rating but lowered its price target to $370, while Rosenblatt kept a Neutral rating and $303 target. The debate centers on Duo demand, supply constraints, valuation and the durability of the upgrade cycle.
• Negative Sentiment: Margin pressure remains the main risk. Apple raised iPhone Pro prices by $100, but memory and other component costs are rising rapidly. Management has already guided to lower gross margins, raising concerns that pricing may not fully offset higher costs. Apple margin pressure from memory costs
• Negative Sentiment: Premium valuation and competition limit upside. Apple trades near the upper end of its historical earnings multiple, while Huawei, Xiaomi and Samsung remain strong competitors in China and the foldable market.
• Negative Sentiment: Insider selling is a modest cautionary signal. SVP Jennifer Newstead sold approximately $456,000 of stock, reducing her direct holdings by about 4%, although she retains a substantial position.

Hedge Funds Weigh In On Apple

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sterling Wealth Management Inc. boosted its stake in Apple by 0.3% in the 2nd quarter. Sterling Wealth Management Inc. now owns 11,579 shares of the iPhone maker’s stock valued at $3,351,000 after buying an additional 30 shares in the last quarter. Evansbrook LLC raised its stake in Apple by 0.4% during the first quarter. Evansbrook LLC now owns 8,095 shares of the iPhone maker’s stock worth $2,054,000 after acquiring an additional 34 shares in the last quarter. JMG Financial Group Ltd. lifted its holdings in shares of Apple by 0.7% during the first 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. lifted its holdings in shares of Apple by 0.4% during the third 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 during the period. Finally, Advocate Investing Services LLC boosted its stake in shares of Apple by 0.5% in the 2nd quarter. Advocate Investing Services LLC now owns 7,847 shares of the iPhone maker’s stock valued at $2,271,000 after purchasing an additional 39 shares in the last quarter. 67.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on AAPL. BTIG Research began coverage on shares of Apple in a report on Monday, August 17th. They set a “neutral” rating on the stock. Sanford C. Bernstein reiterated an “outperform” rating on shares of Apple in a research note on Monday, June 8th. Robert W. Baird lifted their target price on Apple from $310.00 to $330.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. TD Cowen restated a “buy” rating and set a $400.00 price target on shares of Apple in a research note on Thursday. Finally, Moffett Nathanson reaffirmed a “neutral” rating and issued a $304.00 price target on shares of Apple in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and a consensus price target of $334.91.

Apple Company Profile

Apple Inc is a technology company that designs, develops and markets consumer electronics, software and digital services. Its principal products include the iPhone, Mac computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and applications that support its hardware products.

Apple’s services business includes the App Store, Apple Music, Apple TV, Apple Arcade, Apple Fitness+, Apple News+, Apple Pay and iCloud. These services provide digital content, payments, cloud storage and subscription offerings across the company’s ecosystem of devices.

Founded in 1976, Apple is headquartered in Cupertino, California, and serves consumers, businesses, educational institutions and government customers worldwide.