Apple (NASDAQ:AAPL) SVP Sells $796,491.99 in Stock

Apple Inc. (NASDAQ:AAPL - Get Free Report) SVP Jennifer Newstead sold 2,399 shares of the firm's stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $332.01, for a total transaction of $796,491.99. Following the completion of the sale, the senior vice president owned 39,593 shares in the company, valued at $13,145,271.93. The trade was a 5.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

• Morgan Stanley Is Bullish on Apple—But With a Catch

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

• 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 value of $815,803.94.
• On Tuesday, September 15th, Jennifer Newstead sold 1,438 shares of Apple stock. The stock was 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 shares were 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 transaction 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 transaction of $447,457.05.
• On Tuesday, August 18th, Jennifer Newstead sold 1,439 shares of Apple stock. The shares were sold at an average price of $307.49, for a total transaction 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 transaction of $442,852.25.

Apple Price Performance

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Shares of NASDAQ:AAPL opened at $340.42 on Friday. Apple Inc. has a 12 month low of $243.42 and a 12 month high of $345.34. The firm has a market capitalization of $4.97 trillion, a P/E ratio of 39.04, a P/E/G ratio of 2.68 and a beta of 1.07. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. The company's fifty day moving average price is $322.06 and its 200 day moving average price is $302.76.

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Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.13. The company had revenue of $109.42 billion during the quarter, compared to the consensus estimate of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. Apple's revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.57 earnings per share. As a group, sell-side analysts predict that Apple Inc. will post 8.75 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, August 10th. Apple's dividend payout ratio (DPR) is currently 12.39%.

Apple News Summary

• MarketBeat Week in Review – 09/28 - 10/02

Here are the key news stories impacting Apple this week:

• Positive Sentiment: AI monetization opportunity: Analyst Dan Ives said Apple could become a “toll collector” for consumer AI by leveraging more than 2.5 billion active devices and its Services ecosystem. He sees the opportunity adding as much as $75 per share to Apple’s valuation. Apple Could Be the Toll Collector of Consumer AI
• Positive Sentiment: Smart-home expansion: Apple is expected to unveil new connected-home products, potentially including a doorbell, thermostat, lock and other accessories developed with LG Electronics, at its October 13 “Welcome Home” event. The initiative could broaden Apple’s hardware and Services opportunity while strengthening HomeKit against Amazon and Google. Apple Smart Home Push
• Positive Sentiment: M&A leadership change: Apple appointed veteran insider Steve Smith as head of mergers and acquisitions, replacing Adrian Perica, who is moving to the Services division. Investors may view the change as support for a more active acquisition strategy and tighter alignment between dealmaking and Services growth. Apple Names Steve Smith New M&A Chief
• Positive Sentiment: Tokenized-stock exposure: Securitize launched tokenized versions of Apple and 11 other major U.S. stocks on Solana. The offering could increase visibility for Apple’s shares and reflects broader demand for digital access to large-cap equities, although the direct financial effect on Apple is limited. Securitize Launches Tokenized U.S. Equities
• Neutral Sentiment: Management is pursuing faster execution: CEO John Ternus is reportedly considering more frequent product releases and fewer management layers. The changes could improve innovation, but commentary also highlights that Siri and Apple’s AI execution remain areas where investors want faster progress. Apple Is Speeding Up, Siri Isn’t
• Negative Sentiment: Valuation and margin risks: Apple trades at a premium earnings multiple after a strong year-to-date advance. Morgan Stanley lowered its price target to $355 despite raising revenue estimates, citing softer iPhone pricing and higher memory-chip costs. Bank of America also warned that Meta’s AI developments could challenge Apple’s Services ecosystem. Morgan Stanley Is Bullish on Apple With a Catch
• Negative Sentiment: Insider selling and concentration concerns: Senior Vice President Jennifer Newstead sold 2,399 shares, a relatively small transaction that may nevertheless add to investor caution. Separately, Apple’s huge weighting in the S&P 500 leaves index investors vulnerable if the stock or other mega-cap technology shares retreat. Apple Insider Transaction Filing

Analyst Ratings Changes

Several equities research analysts have recently weighed in on AAPL shares. Wells Fargo & Company reissued an "overweight" rating and issued a $350.00 price objective (up from $310.00) on shares of Apple in a report on Friday, July 31st. China Renaissance cut shares of Apple from a "buy" rating to a "hold" rating and cut their target price for the company from $329.00 to $280.00 in a report on Tuesday, August 4th. Oppenheimer reiterated a "market perform" rating on shares of Apple in a research note on Thursday, September 10th. Maxim Group increased their price target on shares of Apple from $350.00 to $380.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Finally, DA Davidson reissued a "neutral" rating and issued a $270.00 price objective on shares of Apple in a research note on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $340.02.

Check Out Our Latest Research Report on AAPL

Hedge Funds Weigh In On Apple

A number of hedge funds have recently made changes to their positions in AAPL. Mn Services Vermogensbeheer B.V. grew its stake in shares of Apple by 6.9% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 1,870,967 shares of the iPhone maker's stock valued at $617,281,000 after acquiring an additional 120,541 shares in the last quarter. Acropolis Investment Management LLC lifted its stake in Apple by 5.6% during the third quarter. Acropolis Investment Management LLC now owns 91,423 shares of the iPhone maker's stock worth $30,446,000 after purchasing an additional 4,849 shares during the last quarter. Galvin Gaustad & Stein LLC grew its position in shares of Apple by 12.1% during the 3rd quarter. Galvin Gaustad & Stein LLC now owns 93,467 shares of the iPhone maker's stock valued at $31,127,000 after buying an additional 10,077 shares during the last quarter. Dorato Capital Management raised its position in shares of Apple by 84.6% during the 3rd quarter. Dorato Capital Management now owns 1,113 shares of the iPhone maker's stock worth $343,000 after purchasing an additional 510 shares during the period. Finally, Professional Advisory Services Inc. increased its position in Apple by 88.1% in the third quarter. Professional Advisory Services Inc. now owns 186,613 shares of the iPhone maker's stock worth $62,146,000 after buying an additional 87,398 shares during the period. Hedge funds and other institutional investors own 67.73% of the company's stock.

Apple Company Profile

(Get Free Report)

Apple Inc is a technology company that designs, develops and markets 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 software platforms, including iOS, macOS, iPadOS, watchOS and visionOS.

Apple's services business includes the App Store, Apple Music, Apple TV+, Apple Arcade, Apple News+, Apple Fitness+ and iCloud.

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