Apple (NASDAQ:AAPL) Stock: Insider Jennifer Newstead Sells 2,399 Shares

Apple Inc. (NASDAQ:AAPL – Get Free Report) SVP Jennifer Newstead sold 2,399 shares of the company’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $325.75, for a total transaction of $781,474.25. Following the transaction, the senior vice president owned 29,997 shares in the company, valued at $9,771,522.75. The trade was a 7.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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

  • On Tuesday, October 27th, Jennifer Newstead sold 2,399 shares of Apple stock. The shares were sold at an average price of $343.36, for a total transaction of $823,720.64.
  • On Tuesday, October 20th, Jennifer Newstead sold 2,399 shares of Apple stock. The stock was sold at an average price of $339.62, for a total transaction of $814,748.38.
  • On Tuesday, October 13th, Jennifer Newstead sold 2,399 shares of Apple stock. The stock was sold at an average price of $345.00, for a total transaction of $827,655.00.
  • On Tuesday, October 6th, Jennifer Newstead sold 2,399 shares of Apple stock. The stock was sold at an average price of $332.01, for a total value of $796,491.99.
  • On Tuesday, September 29th, Jennifer Newstead sold 2,399 shares of Apple stock. The shares were sold at an average price of $336.18, for a total value of $806,495.82.
  • On Tuesday, September 22nd, Jennifer Newstead sold 2,399 shares of Apple stock. The shares were sold at an average price of $340.06, for a total value of $815,803.94.
  • On Tuesday, September 15th, Jennifer Newstead sold 1,438 shares of Apple stock. The shares were sold at an average price of $330.19, for a total value of $474,813.22.
  • On Tuesday, September 8th, Jennifer Newstead sold 1,438 shares of Apple stock. The stock was sold at an average price of $317.23, for a total value of $456,176.74.
  • On Tuesday, September 1st, Jennifer Newstead sold 1,439 shares of Apple stock. The stock was 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 shares were sold at an average price of $310.95, for a total value of $447,457.05.

Apple Trading Down 1.5%

Apple stock traded down $5.34 during mid-day trading on Thursday, hitting $344.17. The stock had a trading volume of 75,405,234 shares, compared to its average volume of 48,782,285. The stock has a 50-day simple moving average of $334.84 and a two-hundred day simple moving average of $297.58. The stock has a market capitalization of $5.02 trillion, a PE ratio of 38.37, a P/E/G ratio of 2.75 and a beta of 1.07. Apple Inc. has a 12 month low of $243.42 and a 12 month high of $355.38. The company has a current ratio of 1.02, a quick ratio of 0.93 and a debt-to-equity ratio of 0.61.

Apple (NASDAQ:AAPL – Get Free Report) last announced its quarterly earnings data on Monday, November 2nd. The iPhone maker reported $2.10 EPS for the quarter, topping analysts’ consensus estimates of $1.99 by $0.11. The firm had revenue of $114.48 billion during the quarter, compared to analyst estimates of $113.40 billion. Apple had a return on equity of 125.35% and a net margin of 27.60%. The company’s revenue was up 11.7% on a year-over-year basis. During the same period last year, the company earned $1.85 earnings per share. As a group, sell-side analysts forecast that Apple Inc. will post 9.61 EPS for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Thursday, November 12th will be given a dividend of $0.27 per share. The ex-dividend date is Thursday, November 12th. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. Apple’s payout ratio is currently 12.39%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on AAPL shares. Sanford C. Bernstein increased their price objective on shares of Apple from $370.00 to $380.00 and gave the company a “buy” rating in a report on Wednesday. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Apple in a report on Wednesday, September 9th. Wells Fargo & Company reiterated an “overweight” rating and set a $350.00 target price (up from $310.00) on shares of Apple in a research report on Friday, July 31st. Morgan Stanley set a $350.00 target price on shares of Apple and gave the company an “overweight” rating in a research report on Tuesday. Finally, Evercore reissued an “outperform” rating on shares of Apple in a research note on Tuesday, October 27th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $343.74.

Read Our Latest Stock Analysis on AAPL

More Apple News

Here are the key news stories impacting Apple this week:

  • Positive Sentiment: Apple posted fiscal fourth-quarter revenue of about $114.5 billion, beating expectations, with reports pointing to solid iPhone and Mac demand. This provides a strong sales backdrop heading into the holiday quarter. Article: Apple Shares Fell Despite a Double Beat in Q4
  • Neutral Sentiment: Apple is reportedly seeking up to $7 billion through a seven-part bond offering. The financing comes amid a broader wave of Big Tech borrowing for investment needs; the report does not specify how Apple will use the proceeds. Article: Apple seeks about $7 billion from bond sale
  • Negative Sentiment: Apple flagged supply constraints and sharply higher memory costs ahead of the December quarter. The expense pressure could weigh on margins, with separate coverage citing a 45%–46% holiday-quarter gross-margin outlook. Article: Apple flagged supply constraints and rising memory costs
  • Negative Sentiment: Investors are scrutinizing earnings quality after tariff refunds boosted reported profit metrics. That concern, alongside a premium valuation and reports of slowing Services growth, may make the stock more vulnerable to disappointment despite the revenue beat. Article: Apple Stocks Move Lower as Investors Revisit Earnings Quality

Institutional Trading of Apple

A number of hedge funds have recently modified their holdings of AAPL. Berkshire Hathaway Inc acquired a new stake in shares of Apple during the 2nd quarter worth approximately $65,950,297,000. Bank of America Corp DE bought a new position in Apple in the second quarter worth $36,986,090,000. Legal & General Group Plc acquired a new stake in Apple during the second quarter worth $30,443,242,000. Deutsche Bank AG acquired a new stake in Apple during the second quarter worth $13,658,359,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Apple in the 2nd quarter valued at $10,588,946,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

About Apple

(Get Free Report)

Apple Inc designs, develops and sells consumer electronics, software and digital services. Its best-known products include the iPhone smartphone, Mac personal computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and applications that support its hardware ecosystem.

Apple’s services business includes the App Store, Apple Music, Apple TV, Apple Arcade, iCloud, Apple Pay and other subscription, payment and digital-content offerings.

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Insider Buying and Selling by Quarter for Apple (NASDAQ:AAPL)

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