Apple (NASDAQ:AAPL) SVP Sells $842,912.64 in Stock

Apple Inc. (NASDAQ:AAPL) SVP Jennifer Newstead sold 2,399 shares of the business’s stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $351.36, for a total value of $842,912.64. Following the completion of the sale, the senior vice president owned 27,598 shares of the company’s stock, valued at $9,696,833.28. The trade was a 8.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, November 3rd, Jennifer Newstead sold 2,399 shares of Apple stock. The stock was sold at an average price of $325.75, for a total value of $781,474.25.
• 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 transaction of $796,491.99.
• On Tuesday, September 29th, Jennifer Newstead sold 2,399 shares of Apple stock. The stock was sold at an average price of $336.18, for a total transaction 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 transaction 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 transaction 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 transaction 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 transaction of $456,177.39.

Apple Trading Down 0.2%

NASDAQ AAPL traded down $0.75 during trading on Thursday, hitting $354.88. 31,760,706 shares of the company’s stock traded hands, compared to its average volume of 48,597,884. The stock has a fifty day moving average of $338.48 and a two-hundred day moving average of $300.56. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.02 and a quick ratio of 0.94. Apple Inc. has a 12-month low of $243.42 and a 12-month high of $359.37. The firm has a market cap of $5.16 trillion, a P/E ratio of 40.37, a PEG ratio of 3.42 and a beta of 1.07.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Monday, November 2nd. The iPhone maker reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.11. The firm had revenue of $114.48 billion for the quarter, compared to analysts’ expectations of $113.40 billion. Apple had a return on equity of 125.35% and a net margin of 27.60%. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period last year, the firm earned $1.85 earnings per share. As a group, sell-side analysts expect that Apple Inc. will post 9.45 EPS for the current year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Thursday, November 12th will be issued a dividend of $0.27 per share. The ex-dividend date is Thursday, November 12th. This represents a $1.08 annualized dividend and a yield of 0.3%. Apple’s dividend payout ratio is currently 12.04%.

Institutional Investors Weigh In On Apple

A number of large investors have recently made changes to their positions in the business. Compass Wealth Management LLC GA boosted its holdings in Apple by 0.8% in the third quarter. Compass Wealth Management LLC GA now owns 3,549 shares of the iPhone maker’s stock valued at $1,182,000 after acquiring an additional 29 shares in the last quarter. Sterling Wealth Management Inc. increased its position in Apple by 0.3% during the 2nd quarter. Sterling Wealth Management Inc. now owns 11,579 shares of the iPhone maker’s stock valued at $3,351,000 after purchasing an additional 30 shares during the period. Thor Investment Management Inc. OH ADV raised its holdings in Apple by 1.6% in the 3rd quarter. Thor Investment Management Inc. OH ADV now owns 1,912 shares of the iPhone maker’s stock worth $637,000 after purchasing an additional 30 shares in the last quarter. Evansbrook LLC raised its holdings in Apple by 0.4% in the 1st quarter. Evansbrook LLC now owns 8,095 shares of the iPhone maker’s stock worth $2,054,000 after purchasing an additional 34 shares in the last quarter. Finally, JMG Financial Group Ltd. raised its holdings in Apple by 0.7% in the 1st quarter. JMG Financial Group Ltd. now owns 5,102 shares of the iPhone maker’s stock worth $1,295,000 after purchasing an additional 35 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors.

Key Headlines Impacting Apple

These are some of the AAPL headlines that stood out recently:

• Positive Sentiment: China Renaissance upgraded Apple to Buy from Hold and set a $425 price target, citing potential from the first foldable iPhone. Coverage also points to strong interest in the new iPhone lineup as a possible catalyst for continued growth. Apple stock gains as analyst sets a $425 target
• Neutral Sentiment: Google is bringing its Gemini assistant to Apple CarPlay, adding a new AI feature for iPhone users. The partnership may improve CarPlay’s utility, though the assistant is Google’s service rather than Apple’s. Google Brings Gemini Live to Apple CarPlay
• Negative Sentiment: Some analysts and investors view AAPL as expensive after its strong run, while recent coverage shows disagreement on the outlook, including a DZ Bank downgrade to Sell. Rich valuation leaves less room for disappointment. Apple Shares Look Expensive Heading into 2027

Wall Street Analyst Weigh In

A number of equities analysts have commented on AAPL shares. Maxim Group lifted their price target on Apple from $350.00 to $380.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Yorkville Ives began coverage on Apple in a research note on Tuesday, October 6th. They set an “outperform” rating and a $400.00 price objective for the company. Citic Securities raised their target price on shares of Apple from $300.00 to $349.00 in a report on Thursday, August 6th. Bank of America reaffirmed a “buy” rating and issued a $370.00 target price on shares of Apple in a research note on Wednesday, September 23rd. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $350.00 target price (up from $310.00) on shares of Apple in a research note on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $347.11.

About Apple

Apple Inc. designs, manufactures and markets consumer electronics, software and digital services. Its products include the iPhone, Mac computers, iPad, Apple Watch and AirPods, along with operating systems and applications such as iOS, macOS and iPadOS. The company also offers services including the App Store, Apple Music, Apple TV+, iCloud and Apple Pay. These products and services are integrated across Apple’s devices and are sold to consumers, businesses and institutions around the world. Founded in 1976 and headquartered in Cupertino, California, Apple serves customers globally through online and retail stores, wireless carriers and other resellers.