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 stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $340.06, for a total value of $815,803.94. Following the transaction, the senior vice president owned 44,391 shares in the company, valued at $15,095,603.46. The trade was a 5.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

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

Apple Stock Down 0.3%

Shares of NASDAQ AAPL traded down $1.10 during trading on Thursday, hitting $335.92. 24,380,295 shares of the company traded hands, compared to its average volume of 49,553,070. The business’s fifty day moving average is $321.36 and its 200 day moving average is $296.51. Apple Inc. has a fifty-two week low of $243.42 and a fifty-two week high of $345.34. The firm has a market capitalization of $4.90 trillion, a price-to-earnings ratio of 38.52, a P/E/G ratio of 2.95 and a beta of 1.08. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00.

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

Apple Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on AAPL shares. Raymond James Financial restated a “market perform” rating on shares of Apple in a report on Friday, July 31st. HSBC reissued a “buy” rating and issued a $366.00 price target on shares of Apple in a research report on Tuesday, September 8th. BTIG Research began coverage on shares of Apple in a research note on Monday, August 17th. They set a “neutral” rating for the company. Daiwa Securities Group upped their price objective on shares of Apple from $325.00 to $335.00 and gave the stock an “outperform” rating in a report on Tuesday, August 11th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Apple in a research note on Tuesday, September 8th. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $340.14.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: iPhone 18 demand remains encouraging. Stronger-than-expected interest in the iPhone 18 Pro and Pro Max, including long queues in India, supports expectations for a healthy product cycle. However, some analysts noted that shipping delays and demand trends are mixed by region. Apple iPhone demand in India
• Positive Sentiment: Analysts remain constructive. JPMorgan reaffirmed its “Buy” rating, while Bank of America maintained its “Buy” rating and a $370 price target, implying further upside from recent levels. Apple analyst ratings
• Positive Sentiment: Qualcomm’s renewed licensing agreement provides stability. Qualcomm (NASDAQ:QCOM) extended its global patent-license agreement with Apple through a new term beginning April 1, 2027. The renewal reduces uncertainty around Apple’s modem and patent relationship, although it primarily benefits Qualcomm’s revenue outlook. Qualcomm and Apple licensing agreement
• Neutral Sentiment: Apple is expanding its services ecosystem. Square (NYSE:XYZ) sellers can now manage listings across Apple Maps, Siri, Apple Wallet and other Apple applications, potentially improving platform engagement but offering no immediate material revenue impact. Square Apple Business integration
• Neutral Sentiment: New AI hardware could broaden Apple’s opportunity. Apple is positioning its latest Mac Studio and Mac mini products for local enterprise AI workloads and may be exploring its own AI server chips. Commercial adoption remains uncertain, especially given Apple’s weaker enterprise presence. Apple AI server chips
• Negative Sentiment: Valuation is becoming a larger risk. Commentary that AAPL could be overvalued after its substantial multiyear advance has increased investor sensitivity to any slowdown in cash-flow growth, AI returns or iPhone demand. Apple valuation concerns
• Negative Sentiment: Competitive and execution concerns persist. Meta Platforms (NASDAQ:META) unveiled new AI-focused smart glasses positioned against Apple’s Vision Pro, while Apple is reportedly conducting another round of layoffs affecting Fitness+. Meta smart glasses competition
• Negative Sentiment: Product issues add near-term pressure. Apple said a software update is coming to address reboot problems affecting some iPhone 18 Pro users. Separately, reports of renewed short interest were inconsistent, showing zero shares outstanding in the latest data and therefore providing no meaningful bearish signal. iPhone 18 Pro reboot issue

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of AAPL. State Street Corp lifted its stake in Apple by 4.7% during the 2nd quarter. State Street Corp now owns 630,662,494 shares of the iPhone maker’s stock valued at $182,897,769,000 after acquiring an additional 28,321,085 shares in the last quarter. Berkshire Hathaway Inc bought a new stake in shares of Apple in the 2nd quarter worth $65,950,297,000. Bank of America Corp DE bought a new stake in shares of Apple in the 2nd quarter worth $36,986,090,000. Legal & General Group Plc purchased a new stake in shares of Apple in the second quarter valued at about $30,443,242,000. Finally, Nuveen LLC raised its holdings in shares of Apple by 3.8% in the fourth quarter. Nuveen LLC now owns 75,000,920 shares of the iPhone maker’s stock valued at $20,389,750,000 after purchasing an additional 2,725,121 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

About Apple

Apple Inc is a technology company that designs, develops and markets consumer electronics, software and digital services. Its principal products include the iPhone, Mac computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and applications that support its hardware products.

Apple’s services business includes the App Store, Apple Music, Apple TV, Apple Arcade, Apple Fitness+, Apple News+, Apple Pay and iCloud. These services provide digital content, payments, cloud storage and subscription offerings across the company’s ecosystem of devices.

Founded in 1976, Apple is headquartered in Cupertino, California, and serves consumers, businesses, educational institutions and government customers worldwide.