Key Points
- Apple SVP Jennifer Newstead sold 2,399 shares for $781,474 at an average price of $325.75, reducing her position by 7.41%; she still owns 29,997 shares.
- The sale followed a series of weekly sales by Newstead dating back to August, including multiple recent transactions of 2,399 shares each.
- Apple’s latest quarterly results beat analyst expectations: earnings were $2.10 per share versus $1.99 expected, while revenue reached $114.48 billion and rose 11.7% year over year.
Apple Inc. (NASDAQ:AAPL - Get Free Report) SVP Jennifer Newstead sold 2,399 shares of the firm's stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $325.75, for a total value of $781,474.25. Following the completion of the sale, the senior vice president directly owned 29,997 shares of the company's stock, valued at $9,771,522.75. The trade was a 7.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $343.36, for a total value 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 value of $814,748.38.
- On Tuesday, October 13th, Jennifer Newstead sold 2,399 shares of Apple stock. The shares were sold at an average price of $345.00, for a total value of $827,655.00.
- On Tuesday, October 6th, Jennifer Newstead sold 2,399 shares of Apple stock. The shares were 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 stock was 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 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 transaction of $447,457.05.
Apple Stock Performance
AAPL opened at $344.17 on Friday. The company has a market cap of $5.02 trillion, a P/E ratio of 38.37, a price-to-earnings-growth ratio of 3.30 and a beta of 1.07. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 0.61. The firm's 50-day moving average price is $335.46 and its 200-day moving average price is $298.03. Apple Inc. has a 52-week low of $243.42 and a 52-week high of $355.38.
Apple (NASDAQ:AAPL - Get Free Report) last released its earnings results 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 company had revenue of $114.48 billion during the quarter, compared to analysts' expectations of $113.40 billion. Apple had a net margin of 27.60% and a return on equity of 125.35%. Apple's revenue for the quarter was up 11.7% on a year-over-year basis. During the same period last year, the business earned $1.85 EPS. As a group, equities analysts anticipate that Apple Inc. will post 9.64 EPS for the current fiscal year.
Apple Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Thursday, November 12th will be paid a dividend of $0.27 per share. The ex-dividend date is Thursday, November 12th. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. Apple's dividend payout ratio is presently 12.04%.
Institutional Trading of Apple
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Artemis Wealth Advisors LLC grew its holdings in Apple by 1.0% in the third quarter. Artemis Wealth Advisors LLC now owns 40,096 shares of the iPhone maker's stock valued at $13,353,000 after purchasing an additional 412 shares during the period. Endeavor Private Wealth Inc. increased its position in shares of Apple by 3.1% in the third quarter. Endeavor Private Wealth Inc. now owns 16,810 shares of the iPhone maker's stock valued at $5,598,000 after buying an additional 499 shares in the last quarter. FDx Advisors Inc. raised its stake in shares of Apple by 3.4% during the 3rd quarter. FDx Advisors Inc. now owns 9,524 shares of the iPhone maker's stock worth $3,172,000 after buying an additional 316 shares during the period. Banyan Capital Management Inc. acquired a new position in shares of Apple during the 3rd quarter worth approximately $13,466,000. Finally, Spectrum Planning & Advisory Services Inc. raised its stake in shares of Apple by 9.8% during the 3rd quarter. Spectrum Planning & Advisory Services Inc. now owns 5,259 shares of the iPhone maker's stock worth $1,751,000 after buying an additional 471 shares during the period. 67.73% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities research analysts have recently commented on AAPL shares. KeyCorp reiterated an "underweight" rating and set a $250.00 price objective on shares of Apple in a research note on Tuesday. Rothschild & Co Redburn set a $400.00 target price on Apple and gave the company a "buy" rating in a research report on Monday, August 17th. Barclays raised their target price on Apple from $245.00 to $261.00 and gave the stock an "underweight" rating in a research note on Tuesday. Argus raised their target price on Apple from $375.00 to $400.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and set a $350.00 price target (up from $310.00) on shares of Apple in a research report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $343.74.
Read Our Latest Research Report on Apple
Trending Headlines about Apple
Here are the key news stories impacting Apple this week:
- Positive Sentiment: Apple beat fiscal fourth-quarter earnings and revenue expectations, with revenue of $114.5 billion and solid iPhone and Mac demand. The results support the view that product demand remains healthy. Apple shares fell despite a double beat in Q4
- Positive Sentiment: Bernstein raised its price target to $380 and kept a Buy rating, citing potential upside from Apple’s business prospects. Bernstein rating and price target
- Neutral Sentiment: Apple is reportedly seeking up to $7 billion through a bond offering. The borrowing adds financing flexibility, but the reports did not specify how proceeds would be used. Apple seeks about $7 billion from bond sale
- Negative Sentiment: Management flagged memory-chip costs that could keep rising, along with supply constraints ahead of the December quarter. These pressures may weigh on margins even as demand remains strong. Supply constraints and rising memory costs
- Negative Sentiment: Investors are also scrutinizing earnings quality: tariff refunds boosted reported profit metrics, making the underlying results less straightforward to assess. Investors revisit Apple earnings quality
- Negative Sentiment: Analyst caution and valuation concerns add to the headwinds. DZ Bank cut Apple to Sell, while coverage also points to slower Services growth and a premium share valuation. DZ Bank downgrades Apple
About Apple
(
Get Free Report)
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.
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