Key Points
- Apple SVP Jennifer Newstead sold 2,399 shares at an average price of $345, generating approximately $827,655. She retained 37,194 shares, and the transaction reduced her direct ownership by 6.06%.
- Apple shares opened at $342, near their 12-month high of $348.15, with a market capitalization of approximately $4.99 trillion and a P/E ratio of 39.22.
- Apple’s latest quarterly results exceeded expectations, with earnings per share of $2.02 versus the $1.89 consensus and revenue of $109.42 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $340.39.
Apple Inc. (NASDAQ:AAPL - Get Free Report) SVP Jennifer Newstead sold 2,399 shares of the stock in a transaction that occurred on Tuesday, October 13th. The stock was sold at an average price of $345.00, for a total value of $827,655.00. Following the sale, the senior vice president directly owned 37,194 shares of the company's stock, valued at approximately $12,831,930. The trade was a 6.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Jennifer Newstead also recently made the following trade(s):
- 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 shares were 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 shares were 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.
- 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 stock was 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 stock was sold at an average price of $307.75, for a total transaction of $442,852.25.
Apple Trading Down 0.3%
AAPL opened at $342.00 on Friday. The stock has a market capitalization of $4.99 trillion, a P/E ratio of 39.22, a P/E/G ratio of 2.73 and a beta of 1.07. Apple Inc. has a 12 month low of $243.42 and a 12 month high of $348.15. The firm's fifty day simple moving average is $325.23 and its 200 day simple moving average is $305.90. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66.
Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, topping analysts' consensus estimates of $1.89 by $0.13. The firm had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The company's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.57 EPS. As a group, research analysts anticipate that Apple Inc. will post 8.75 EPS for the current fiscal year.
Apple Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, August 10th. Apple's payout ratio is 12.39%.
Analyst Ratings Changes
Several research analysts have recently weighed in on AAPL shares. Piper Sandler initiated coverage on Apple in a research report on Monday, August 17th. They set an "overweight" rating for the company. Rosenblatt Securities reissued a "neutral" rating and issued a $303.00 target price on shares of Apple in a research report on Thursday, September 10th. Citic Securities boosted their target price on Apple from $300.00 to $349.00 in a research note on Thursday, August 6th. Jefferies Financial Group restated an "underperform" rating on shares of Apple in a research note on Wednesday, September 9th. Finally, The Goldman Sachs Group assumed coverage on Apple in a research report on Monday, August 17th. They set a "buy" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $340.39.
View Our Latest Report on Apple
Key Apple News
Here are the key news stories impacting Apple this week:
- Positive Sentiment: Apple and Meta Platforms are collaborating to let developers run Meta’s large Muse AI model locally on high-end Mac computers. The partnership could strengthen the Mac’s appeal for AI workloads while reducing reliance on cloud computing. Apple and Meta team up to make Muse AI model run on Mac computers
- Positive Sentiment: Apple’s first foldable iPhone, the 7.6-inch iPhone Duo, begins preorders Friday. A successful launch could open a new premium product category and support revenue growth, although its high price makes demand uncertain. iPhone Duo preorders begin Friday
- Positive Sentiment: Apple recently closed above a $5 trillion market capitalization, reinforcing investor confidence and highlighting the stock’s recent momentum. Reports also indicate Apple Intelligence may finally launch in mainland China in December, expanding the potential user base. Apple tops $5 trillion valuation
- Neutral Sentiment: The China AI rollout is reportedly limited and may exclude the upgraded Siri and Genmoji features, making the launch strategically important but less compelling than a full-featured release. Apple Intelligence in China
- Negative Sentiment: Analysts and commentators remain concerned that Apple is spending less on AI than rivals and could fall behind in advanced assistants, while the stock’s elevated valuation leaves less room for execution disappointments. Reported iPhone 18 Pro component-order reductions add to demand concerns. Apple reportedly cuts iPhone 18 orders
- Negative Sentiment: Apple is challenging a $5.7 billion damages ruling in a patent case, while OpenAI alleges that a former employee who joined Apple took confidential information about an unreleased device. Both matters create potential financial and reputational risk. Apple challenges Taction damages ruling
- Negative Sentiment: Senior Vice President Jennifer Newstead sold 2,399 Apple shares for approximately $828,000. The transaction is relatively small compared with Apple’s market value, but insider selling can add modest short-term pressure.
Institutional Investors Weigh In On Apple
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Prospect Hill Management LLC acquired a new position in shares of Apple in the second quarter valued at $146,370,000. Focus Partners Advisor Solutions LLC bought a new position in shares of Apple in the second quarter valued at about $168,646,000. Wealthfront Advisers LLC acquired a new stake in shares of Apple during the 2nd quarter worth about $482,388,000. Satovsky Asset Management LLC acquired a new stake in shares of Apple during the 2nd quarter worth about $16,064,000. Finally, Saranac Partners Ltd acquired a new stake in shares of Apple during the 2nd quarter worth about $9,513,000. 67.73% of the stock is owned by institutional investors.
About Apple
(
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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