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

Key Points

• Apple SVP Jennifer Newstead sold 2,399 shares at an average price of $332.01, totaling about $796,492. She retained 39,593 shares valued at approximately $13.15 million, following a series of recurring stock sales since August.
• Apple shares rose 1.1% to $340.42, near their 52-week high of $345.34. The company recently exceeded quarterly earnings and revenue expectations, reporting $2.02 in EPS and $109.42 billion in revenue.
• Wall Street maintains a “Moderate Buy” consensus rating with an average price target of $340.02; 25 analysts rate the stock a Buy, while 14 assign a Hold and two assign a Sell rating.

Apple Inc. (NASDAQ:AAPL - Get Free Report) SVP Jennifer Newstead sold 2,399 shares of the business's stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $332.01, for a total value of $796,491.99. Following the completion of the transaction, the senior vice president directly owned 39,593 shares of the company's stock, valued at approximately $13,145,271.93. The trade was a 5.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Tuesday, September 29th, Jennifer Newstead sold 2,399 shares of Apple stock. The stock was sold at an average price of $336.18, for a total value of $806,495.82.
• 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 value of $815,803.94.
• 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 value 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 stock was 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 value 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 value 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 Up 1.1%

NASDAQ:AAPL traded up $3.75 on Thursday, hitting $340.42. 35,268,187 shares of the company's stock were exchanged, compared to its average volume of 48,823,379. Apple Inc. has a 52 week low of $243.42 and a 52 week high of $345.34. The company has a market cap of $4.97 trillion, a P/E ratio of 39.04, a price-to-earnings-growth ratio of 2.66 and a beta of 1.07. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. The firm has a 50-day moving average price of $321.92 and a 200-day moving average price of $302.11.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, beating analysts' consensus estimates of $1.89 by $0.13. The company had revenue of $109.42 billion during the quarter, compared to the consensus estimate 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 quarter last year, the firm posted $1.57 EPS. As a group, analysts expect that Apple Inc. will post 8.75 EPS for the current fiscal year.

Apple Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on AAPL shares. Arete Research increased their price target on shares of Apple from $305.00 to $335.00 and gave the company a "buy" rating in a report on Wednesday, June 24th. Wells Fargo & Company reiterated an "overweight" rating and set a $350.00 target price (up from $310.00) on shares of Apple in a research note on Friday, July 31st. KGI Securities lowered Apple from an "outperform" rating to a "hold" rating and set a $315.00 price objective on the stock. in a report on Monday, June 22nd. Deutsche Bank Aktiengesellschaft downgraded Apple from a "buy" rating to a "hold" rating in a report on Monday, August 17th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Apple in a research report on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Apple presently has a consensus rating of "Moderate Buy" and an average price target of $340.02.

Institutional Investors Weigh In On Apple

A number of large investors have recently bought and sold shares of the company. Prospect Hill Management LLC acquired a new stake in Apple in the second quarter valued at approximately $146,370,000. Focus Partners Advisor Solutions LLC bought a new position in shares of Apple during the second quarter valued at $168,646,000. Wealthfront Advisers LLC acquired a new position in shares of Apple during the second quarter worth $482,388,000. Satovsky Asset Management LLC bought a new stake in shares of Apple in the second quarter worth $16,064,000. Finally, Saranac Partners Ltd bought a new stake in shares of Apple in the second quarter worth $9,513,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Analyst Dan Ives said Apple could become a “toll collector” for consumer AI by monetizing access across more than 2.5 billion active devices. He estimates the opportunity could add as much as $75 per share to Apple’s valuation through services growth. Apple Could Be the Toll Collector of Consumer AI
• Positive Sentiment: Apple’s reported partnership with LG to develop smart-home products—including a doorbell, thermostat, lock and other accessories—could broaden its ecosystem and create a new growth avenue against Amazon and Google. Investor attention is building ahead of Apple’s October 13 “Welcome Home” event. Apple Smart Home Push and AI Strategy
• Positive Sentiment: Apple’s new leadership team is emphasizing more frequent product releases and organizational changes intended to improve coordination between engineers and senior management. A faster product cycle could support innovation, although execution remains unproven. Apple Is Speeding Up
• Neutral Sentiment: Apple appointed insider Steve Smith as head of mergers and acquisitions and moved former M&A chief Adrian Perica to the Services division. The changes may signal a stronger focus on acquisitions and services, but no transaction or financial impact was announced. Apple Names Steve Smith as M&A Chief
• Neutral Sentiment: Securitize launched tokenized versions of Apple and 11 other U.S. stocks on Solana. The offering could increase digital access to Apple shares, but it does not directly change Apple’s operations, earnings or capital structure. Securitize Launches Tokenized U.S. Equities
• Negative Sentiment: Bank of America warned that Meta’s AI agents could challenge Apple’s Services ecosystem and its role in digital commerce. Analysts have also cited rising memory costs and softer iPhone pricing as potential pressure on margins, while Apple’s roughly 39 times trailing earnings multiple leaves limited room for disappointment. BofA Warning for Apple Investors

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.

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.