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

Apple Inc. (NASDAQ:AAPL) SVP Jennifer Newstead sold 2,399 shares of the firm’s stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $336.18, for a total transaction of $806,495.82. Following the sale, the senior vice president directly owned 41,992 shares in the company, valued at approximately $14,116,870.56. The trade was a 5.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• 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 shares were 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 shares were 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 stock was sold at an average price of $307.75, for a total value of $442,852.25.

Apple Stock Performance

Shares of AAPL traded down $2.70 during midday trading on Thursday, reaching $330.32. 35,535,349 shares of the stock were exchanged, compared to its average volume of 49,230,836. The business’s 50-day moving average price is $321.97 and its 200 day moving average price is $299.21. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. Apple Inc. has a twelve month low of $243.42 and a twelve month high of $345.34. The company has a market capitalization of $4.82 trillion, a price-to-earnings ratio of 37.88, a PEG ratio of 2.86 and a beta of 1.08.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.13. The business had revenue of $109.42 billion during the quarter, compared to the consensus estimate of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.The business’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.57 EPS. On average, sell-side analysts expect that Apple Inc. will post 8.74 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were paid a $0.27 dividend. The ex-dividend date was Monday, August 10th. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. Apple’s payout ratio is currently 12.39%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Citigroup restated a “buy” rating on shares of Apple in a research report on Thursday, September 10th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Apple in a research report on Monday, September 21st. Citic Securities increased their price target on shares of Apple from $300.00 to $349.00 in a research note on Thursday, August 6th. Phillip Securities raised their price objective on shares of Apple from $290.00 to $300.00 and gave the stock a “neutral” rating in a research report on Monday, September 14th. Finally, Robert W. Baird lifted their price objective on shares of Apple from $310.00 to $330.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $340.02.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of AAPL. Avenir Tech Ltd purchased a new stake in shares of Apple in the second quarter valued at approximately $29,000. Longfellow Investment Management Co. LLC purchased a new stake in shares of Apple during the 2nd quarter worth $30,000. Lifetime Wealth Management P.C. acquired a new position in shares of Apple during the 4th quarter worth $41,000. ABS Investment Management LLC purchased a new position in shares of Apple in the 2nd quarter valued at about $376,168,000. Finally, Basso Capital Management L.P. acquired a new stake in shares of Apple in the fourth quarter valued at about $88,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Morgan Stanley retained its Overweight rating and expects Apple’s fall product cycle to support revenue growth. The firm modestly increased revenue estimates following the launches, although it largely left earnings estimates unchanged. Apple’s Fall Product Cycle Could Support Revenue Growth
• Positive Sentiment: Apple is expanding Apple Watch health features, including “health age” and a Readiness score, while planning a redesigned Health app. The updates could strengthen its wearables ecosystem and support Watch sales. Apple Is Betting Improved Heart and Health Insights Will Boost Watch Sales
• Positive Sentiment: Early demand indicators remain favorable: Counterpoint estimates Apple could sell about 6 million first-generation iPhone Duo foldables this year, while iPhone 18 Pro sales in China reportedly rose 12% year over year during launch week. Apple Predicted To Sell 6 Million iPhone Duo Handsets This Year
• Neutral Sentiment: Apple reportedly plans to unveil a smart-home hub at an October 13 event, potentially broadening its connected-device ecosystem. However, investors appear to be waiting for evidence that the new category can materially add to revenue. Apple Plans to Make Push Into Smart-Home Market
• Negative Sentiment: Morgan Stanley reduced its Apple price target to $355 from $360. Analysts cited higher memory and component costs, iPhone pricing pressure and limited incremental earnings upside after the strong product-cycle gains. Morgan Stanley Adjusts Price Target on Apple
• Negative Sentiment: Analysts warned that AI agents such as Meta’s Muse could bypass Apple’s App Store, payment and services infrastructure, threatening one of the company’s most valuable profit engines. This adds to concerns that Siri and Apple’s broader AI strategy need to accelerate. Could AI Agents Cut Apple Out of the Checkout?
• Negative Sentiment: A jury ordered Apple to pay $5.7 billion in a patent case involving Taction Technology’s Taptic Engine patents. Investors are also assessing whether ongoing royalties could pressure hardware margins. Apple’s $5.7 Billion Patent Verdict Raises a Bigger Royalty Question

Apple Company Profile

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.