Apple (NASDAQ:AAPL) Insider Ben Borders Sells 1,274 Shares of Stock

Apple Inc. (NASDAQ:AAPL) insider Ben Borders sold 1,274 shares of Apple stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $290.00, for a total value of $369,460.00. Following the transaction, the insider owned 38,713 shares in the company, valued at $11,226,770. This trade represents a 3.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Apple Trading Up 0.7%

NASDAQ:AAPL opened at $294.80 on Wednesday. Apple Inc. has a fifty-two week low of $193.46 and a fifty-two week high of $295.27. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 1.02. The stock has a market capitalization of $4.33 trillion, a PE ratio of 35.65, a price-to-earnings-growth ratio of 2.55 and a beta of 1.06. The business’s 50-day simple moving average is $263.24 and its 200-day simple moving average is $266.73.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.06. Apple had a return on equity of 146.69% and a net margin of 27.15%.The business had revenue of $111.18 billion for the quarter, compared to analysts’ expectations of $109.46 billion. During the same quarter in the previous year, the business posted $1.65 EPS. Apple’s revenue for the quarter was up 16.6% on a year-over-year basis. Sell-side analysts expect that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Investors of record on Monday, May 11th will be given a $0.27 dividend. The ex-dividend date of this dividend is Monday, May 11th. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. This is a boost from Apple’s previous quarterly dividend of $0.26. Apple’s payout ratio is 13.06%.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s upcoming WWDC is seen as a major catalyst that could reset investor expectations around its AI roadmap and support another leg higher if management delivers a stronger vision for Siri, iOS, and future devices. The Event That Could Redefine Apple’s Summer Rally
• Positive Sentiment: Apple is also being viewed more favorably after reports highlighted strong supply-chain execution, continued AI-services potential, and a growing case for the stock as a momentum name. Apple (AAPL) Gains Wall Street Confidence on Supply Chain Strength and AI Services Potential
• Positive Sentiment: Apple and Google are rolling out end-to-end encrypted RCS messaging between iPhone and Android users, which should improve the messaging experience and support the ecosystem value proposition. Apple And Google Finally Close SMS Security Gap…
• Neutral Sentiment: Reports say Apple is planning customizable camera controls and Siri design changes in iOS 27, which could help future product appeal but are still early-stage software rumors. Apple Plans Customizable Camera for Pros, Siri Design Changes in iOS 27
• Neutral Sentiment: Apple’s director and an insider both sold shares recently, which can create some caution, but the sales appear modest relative to Apple’s overall size and recent record earnings. Apple Board Veteran Sells $71 Million in Stock After Record Earnings
• Negative Sentiment: A new federal appeals-court decision temporarily keeping Trump’s 10% global tariffs in place could preserve cost pressure on imported consumer electronics, including Apple products. Appeals Court Temporarily Reinstates Trump’s 10% Global Tariffs
• Negative Sentiment: Apple’s insider Ben Borders sold 1,274 shares, a small signal that may slightly dampen sentiment, though it is not large enough on its own to change the broader bullish narrative. SEC insider filing

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in AAPL. Overbrook Management Corp lifted its position in shares of Apple by 57.4% during the 4th quarter. Overbrook Management Corp now owns 104,648 shares of the iPhone maker’s stock valued at $28,449,000 after acquiring an additional 38,174 shares during the period. Citizens Financial Group Inc. RI raised its holdings in shares of Apple by 48.4% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 1,426,605 shares of the iPhone maker’s stock worth $363,256,000 after buying an additional 465,393 shares in the last quarter. Tufton Capital Management raised its holdings in shares of Apple by 4.3% during the 3rd quarter. Tufton Capital Management now owns 100,130 shares of the iPhone maker’s stock worth $25,496,000 after buying an additional 4,157 shares in the last quarter. Montis Financial LLC raised its holdings in shares of Apple by 15.8% during the 3rd quarter. Montis Financial LLC now owns 77,919 shares of the iPhone maker’s stock worth $19,841,000 after buying an additional 10,640 shares in the last quarter. Finally, KBC Group NV raised its holdings in shares of Apple by 3.1% during the 4th quarter. KBC Group NV now owns 7,044,697 shares of the iPhone maker’s stock worth $1,915,172,000 after buying an additional 214,215 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on AAPL shares. Stephens set a $315.00 target price on Apple in a research report on Monday, January 26th. KGI Securities raised Apple to an “outperform” rating and set a $306.00 target price on the stock in a research report on Friday, January 30th. UBS Group set a $296.00 target price on Apple and gave the company a “neutral” rating in a research report on Friday, May 1st. TD Cowen reissued a “buy” rating and issued a $335.00 target price (up from $325.00) on shares of Apple in a research report on Friday, May 1st. Finally, Morgan Stanley reissued an “overweight” rating and issued a $330.00 target price (up from $315.00) on shares of Apple in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $305.74.

About Apple

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.