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

Key Points

  • Apple SVP Jennifer Newstead sold 2,399 shares at an average price of $351.36, receiving about $842,913. After the sale, she directly held 27,598 shares; the transaction reduced her ownership by 8%.
  • The sale was part of a series of regular share sales: Newstead also sold 2,399 shares in each of the preceding several weeks, according to the article.
  • Apple reported quarterly earnings of $2.10 per share, above the $1.99 consensus, while revenue rose 11.7% year over year to $114.48 billion. It also declared a quarterly dividend of $0.27 per share.

Apple Inc. (NASDAQ:AAPL - Get Free Report) 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 sale, the senior vice president directly owned 27,598 shares in the company, valued at $9,696,833.28. The trade was a 8.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Tuesday, November 3rd, Jennifer Newstead sold 2,399 shares of Apple stock. The shares were 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 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 transaction of $456,176.74.
  • On Tuesday, September 1st, Jennifer Newstead sold 1,439 shares of Apple stock. The shares were sold at an average price of $317.01, for a total transaction of $456,177.39.

Apple Trading Down 0.2%




AAPL stock opened at $354.88 on Friday. The firm's fifty day simple moving average is $338.48 and its two-hundred day simple moving average is $300.56. The stock has a market capitalization of $5.16 trillion, a price-to-earnings ratio of 39.56, a price-to-earnings-growth ratio of 3.42 and a beta of 1.07. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.61. Apple Inc. has a twelve month low of $243.42 and a twelve month high of $359.37.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly 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 firm 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%. The firm's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.85 EPS. As a group, analysts anticipate that Apple Inc. will post 9.45 earnings per share for the current year.

Apple Announces Dividend

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 issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Thursday, November 12th. Apple's dividend payout ratio is presently 12.04%.

More Apple News

Here's some of the latest news about AAPL:

  • 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
  • Negative Sentiment: Higher memory-chip prices are a near-term margin risk. Apple’s December-quarter gross-margin outlook was reported below analyst expectations, despite record quarterly sales, raising concerns that component costs could weigh on profitability. Why Apple Stock Fell Despite a Record Quarter
  • 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 Analysts Forecast Growth

Several analysts have recently weighed in on AAPL shares. Weiss Ratings raised shares of Apple from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, October 8th. Phillip Securities downgraded shares of Apple from a "hold" rating to a "moderate sell" rating in a research report on Friday, November 6th. Melius Research set a $370.00 price target on shares of Apple in a report on Tuesday, November 3rd. Daiwa Securities Group boosted their price target on shares of Apple from $325.00 to $335.00 and gave the company an "outperform" rating in a report on Tuesday, August 11th. Finally, KeyCorp reaffirmed an "underweight" rating on shares of Apple in a research report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, twelve have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, Apple has an average rating of "Moderate Buy" and an average target price of $347.11.

Get Our Latest Analysis on AAPL

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in AAPL. Prospect Hill Management LLC purchased a new position in Apple in the second quarter worth $146,370,000. Focus Partners Advisor Solutions LLC purchased a new stake in shares of Apple during the 2nd quarter valued at $168,646,000. Wealthfront Advisers LLC purchased a new stake in shares of Apple during the 2nd quarter valued at $482,388,000. Satovsky Asset Management LLC acquired a new stake in shares of Apple in the 2nd quarter worth $16,064,000. Finally, Gouws Capital LLC boosted its position in shares of Apple by 136.9% in the 3rd quarter. Gouws Capital LLC now owns 37,504 shares of the iPhone maker's stock worth $12,490,000 after purchasing an additional 21,676 shares in the last quarter. 67.73% of the stock is owned by institutional investors.

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.

Further Reading

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

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