Apple (NASDAQ:AAPL) SVP Jennifer Newstead Sells 1,439 Shares

Key Points

• Apple SVP Jennifer Newstead sold 1,439 shares at an average price of $307.49, generating approximately $442,478. She retained 38,668 shares worth about $11.89 million, a 3.59% reduction in her holdings.
• Apple reported quarterly EPS of $2.02, exceeding estimates of $1.89, while revenue rose 16.4% year over year to $109.42 billion. The company also paid a quarterly dividend of $0.27 per share.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $330.53, though Apple faces valuation and regulatory concerns, including pressure on App Store fees in the European Union.

Apple Inc. (NASDAQ:AAPL - Get Free Report) SVP Jennifer Newstead sold 1,439 shares of Apple stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $307.49, for a total value of $442,478.11. Following the completion of the transaction, the senior vice president directly owned 38,668 shares in the company, valued at approximately $11,890,023.32. This represents a 3.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• 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 value of $442,852.25.

Apple Stock Performance

Shares of AAPL traded down $5.53 during mid-day trading on Thursday, hitting $311.30. The company's stock had a trading volume of 40,229,896 shares, compared to its average volume of 50,728,223. The stock's 50-day moving average is $309.95 and its two-hundred day moving average is $286.52. The firm has a market capitalization of $4.54 trillion, a PE ratio of 35.70, a price-to-earnings-growth ratio of 2.66 and a beta of 1.09. 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 Inc. has a one year low of $223.78 and a one year high of $344.57.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.89 by $0.13. Apple had a net margin of 27.62% and a return on equity of 135.46%. The business had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. During the same quarter in the previous year, the firm posted $1.57 earnings per share. Apple's revenue was up 16.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Apple Inc. will post 8.76 EPS for the current year.

Apple Announces Dividend

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

Analyst Ratings Changes

Several research firms recently weighed in on AAPL. Rothschild & Co Redburn set a $400.00 target price on shares of Apple and gave the company a "buy" rating in a research note on Monday. Wells Fargo & Company restated an "overweight" rating and set a $350.00 price target (up from $310.00) on shares of Apple in a research note on Friday, July 31st. Phillip Securities cut Apple from a "hold" rating to a "moderate sell" rating in a report on Monday, August 3rd. KGI Securities downgraded Apple from an "outperform" rating to a "hold" rating and set a $315.00 price objective for the company. in a research report on Monday, June 22nd. Finally, Piper Sandler began coverage on Apple in a report on Monday. They set an "overweight" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have issued a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat, Apple currently has a consensus rating of "Moderate Buy" and an average target price of $330.53.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Bank of America reiterated its Buy rating ahead of John Ternus becoming CEO on September 1, arguing that a successful product cycle and renewed innovation could restore Apple’s ability to surprise investors. Apple must relearn how to surprise under new CEO Ternus, says BofA
• Positive Sentiment: An analyst called Apple’s expected foldable iPhone an underappreciated opportunity, with sales projected to reach 14 million units by 2027. Expectations for new iPhone designs, upgraded silicon and a major Siri artificial-intelligence reveal are adding longer-term catalysts. Apple’s foldable iPhone opportunity
• Positive Sentiment: Reports that Apple still plans AI-enabled AirPods for 2027, along with continued strength in iPhone demand and an edge for Apple in India as component costs rise for lower-priced competitors, support the company’s product and geographic growth outlook. Apple AI-powered AirPods report
• Neutral Sentiment: Tim Cook’s planned departure and Ternus’s succession are the central investor focus. Analysts view the transition as an opportunity, but Apple must demonstrate meaningful innovation rather than incremental improvements. Apple’s CEO transition and product strategy
• Negative Sentiment: Apple’s revised European Union App Store terms reduce fees for alternative distribution to 5%, potentially limiting Services revenue and highlighting continuing regulatory pressure. Reports that App Store commission revenue has fallen 18% amplify concerns about the durability of this high-margin business. Apple overhauls its EU App Store fees
• Negative Sentiment: At roughly 35.7 times earnings and a market capitalization above $4 trillion, Apple’s valuation leaves less room for execution missteps. BofA’s warning that the company has become too predictable reinforces concerns that future growth expectations may already be reflected in AAPL.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in AAPL. Berkshire Hathaway Inc acquired a new stake in shares of Apple in the 2nd quarter valued at $65,950,297,000. Norges Bank acquired a new stake in shares of Apple during the 4th quarter worth about $52,266,468,000. Bank of America Corp DE bought a new position in Apple during the 2nd quarter valued at about $36,986,090,000. Legal & General Group Plc bought a new position in Apple during the 2nd quarter valued at about $30,443,242,000. Finally, Nuveen LLC bought a new stake in Apple during the first quarter worth about $17,472,482,000. 67.73% of the stock is owned by institutional investors.

Apple Company Profile

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.

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