Apple (NASDAQ:AAPL) SVP Sells $442,852.25 in Stock

Key Points

• Apple SVP Jennifer Newstead sold 1,439 shares at an average price of $307.75, generating $442,852.25. She retained 40,107 shares valued at approximately $12.34 million.
• Apple’s latest quarterly results exceeded expectations, with EPS of $2.02 versus the $1.89 consensus and revenue of $109.42 billion, up 16.4% year over year.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and average price target of $328.60, while investors weigh Apple’s premium valuation against margin and competitive risks.

Apple Inc. (NASDAQ:AAPL - Get Free Report) SVP Jennifer Newstead sold 1,439 shares of the business's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $307.75, for a total transaction of $442,852.25. Following the completion of the transaction, the senior vice president directly owned 40,107 shares in the company, valued at $12,342,929.25. This trade represents a 3.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Apple Stock Performance

NASDAQ AAPL traded up $3.01 during trading hours on Thursday, reaching $305.26. 40,290,264 shares of the company were exchanged, compared to its average volume of 51,009,465. The stock has a market capitalization of $4.46 trillion, a P/E ratio of 35.01, a P/E/G ratio of 2.61 and a beta of 1.09. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. Apple Inc. has a 1 year low of $223.78 and a 1 year high of $344.57. The business's 50 day simple moving average is $309.12 and its 200-day simple moving average is $284.64.

Apple (NASDAQ:AAPL - Get Free Report) last released its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, beating analysts' consensus estimates of $1.89 by $0.13. The firm had revenue of $109.42 billion for the quarter, compared to analysts' expectations of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The company's quarterly revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.57 earnings per share. On average, equities research analysts expect that Apple Inc. will post 8.76 earnings per share for the current year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Monday, August 10th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Monday, August 10th. Apple's dividend payout ratio (DPR) is currently 12.39%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Evercore reissued an "outperform" rating on shares of Apple in a report on Wednesday, July 8th. KGI Securities downgraded shares of Apple from an "outperform" rating to a "hold" rating and set a $315.00 target price for the company. in a research note on Monday, June 22nd. Needham & Company LLC reissued a "hold" rating on shares of Apple in a research report on Friday, July 31st. Royal Bank Of Canada set a $365.00 price objective on shares of Apple in a report on Wednesday, July 15th. Finally, Raymond James Financial reiterated a "market perform" rating on shares of Apple in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, Apple has an average rating of "Moderate Buy" and an average target price of $328.60.

Institutional Investors Weigh In On Apple

Several large investors have recently added to or reduced their stakes in the business. First National Bank of Hutchinson lifted its stake in Apple by 24.6% during the fourth quarter. First National Bank of Hutchinson now owns 35,319 shares of the iPhone maker's stock worth $8,845,000 after purchasing an additional 6,982 shares during the last quarter. Eagle Capital Management LLC increased its position in shares of Apple by 0.5% during the 4th quarter. Eagle Capital Management LLC now owns 54,085 shares of the iPhone maker's stock valued at $13,544,000 after purchasing an additional 272 shares during the last quarter. Brighton Jones LLC increased its position in shares of Apple by 14.8% during the 4th quarter. Brighton Jones LLC now owns 537,314 shares of the iPhone maker's stock valued at $134,554,000 after purchasing an additional 69,207 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of Apple by 4.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 66,857 shares of the iPhone maker's stock valued at $16,742,000 after buying an additional 2,695 shares in the last quarter. Finally, Highview Capital Management LLC DE lifted its position in Apple by 2.4% in the 4th quarter. Highview Capital Management LLC DE now owns 50,264 shares of the iPhone maker's stock worth $12,587,000 after buying an additional 1,155 shares during the last quarter. Institutional investors own 67.73% of the company's stock.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Potential $2.2 billion tariff refund: Apple reportedly received one of the largest refunds in a broader $100 billion corporate tariff-refund wave. The payout could support near-term earnings and cash flow, although the benefit may be nonrecurring. S&P 500 Companies Claim First Payouts From $100 Billion Tariff Refund Wave
• Positive Sentiment: Houston manufacturing facility opens: CEO Tim Cook joined Commerce Secretary Howard Lutnick to open Apple’s new advanced manufacturing plant. The facility is expected to produce Mac Mini computers later this year, reinforcing Apple’s U.S. manufacturing and government-relations strategy. Apple's Tim Cook joined by Howard Lutnick in opening Houston manufacturing plant
• Positive Sentiment: Analyst and AI optimism: A bullish valuation report set a roughly $359 price target, implying meaningful upside from recent levels. Separately, Apple is negotiating pay-per-use content agreements with publishers to improve the rebuilt Siri, potentially strengthening its AI ecosystem and iPhone upgrade appeal. The Lowest-Beta Mega-Cap Just Got a $358 Target Apple in Talks to Pay Publishers to Improve AI-Powered Siri
• Neutral Sentiment: Strong operating backdrop: Apple’s latest reported quarter exceeded consensus EPS and revenue estimates, with revenue rising 16.4% year over year. Investors are nevertheless focused on whether this momentum can continue at the company’s premium valuation.
• Negative Sentiment: Margin and competitive risks: Memory-chip inflation and higher component costs could pressure profitability, while Google’s Pixel 11 launch raises competitive pressure in AI-powered smartphones. Jefferies also recently cut its price target, questioning whether Apple has sufficient product and AI momentum to justify its valuation. Apple Stock's Biggest Risk Is The Memory Bill, Not Demand

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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