Apple (NASDAQ:AAPL) SVP Jennifer Newstead Sells 2,399 Shares of Company Stock

Key Points

• Apple SVP Jennifer Newstead sold 2,399 shares at an average price of $345, generating $827,655. After the transaction, she retained 37,194 shares; the sale follows a series of similar disposals since August.
• Apple shares fell 0.3% to $342, while the company reported quarterly revenue of $109.42 billion, up 16.4% year over year, and earnings per share of $2.02, exceeding analyst expectations.
• Analysts maintain a broadly positive view, with Apple receiving a “Moderate Buy” consensus rating and an average price target of $340.39; institutional investors own approximately 67.73% of the stock.

Apple Inc. (NASDAQ:AAPL - Get Free Report) SVP Jennifer Newstead sold 2,399 shares of the company's stock in a transaction on Tuesday, October 13th. The stock was sold at an average price of $345.00, for a total transaction of $827,655.00. Following the completion of the transaction, the senior vice president directly owned 37,194 shares of the company's stock, valued at $12,831,930. This represents a 6.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Tuesday, October 6th, Jennifer Newstead sold 2,399 shares of Apple stock. The shares were sold at an average price of $332.01, for a total transaction of $796,491.99.
• On Tuesday, September 29th, Jennifer Newstead sold 2,399 shares of Apple stock. The shares were 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 transaction 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 value 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 transaction of $442,478.11.
• On Tuesday, August 11th, Jennifer Newstead sold 1,439 shares of Apple stock. The stock was sold at an average price of $307.75, for a total value of $442,852.25.

Apple Stock Down 0.3%

NASDAQ:AAPL traded down $0.96 during midday trading on Thursday, reaching $342.00. 39,665,224 shares of the stock traded hands, compared to its average volume of 48,566,875. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. The stock has a market capitalization of $4.99 trillion, a PE ratio of 39.22, a price-to-earnings-growth ratio of 2.72 and a beta of 1.07. Apple Inc. has a 12-month low of $243.42 and a 12-month high of $348.15. The business has a 50-day moving average of $324.64 and a two-hundred day moving average of $305.24.

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, topping the consensus estimate of $1.89 by $0.13. Apple had a net margin of 27.62% and a return on equity of 135.46%. The company had revenue of $109.42 billion for the quarter, compared to the consensus estimate of $109.04 billion. During the same quarter in the previous year, the firm earned $1.57 EPS. Apple's revenue was up 16.4% compared to the same quarter last year. On average, equities analysts forecast that Apple Inc. will post 8.75 earnings per share for the current fiscal year.

Apple Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on AAPL shares. Citigroup restated a "buy" rating on shares of Apple in a report on Thursday, September 10th. Weiss Ratings upgraded Apple from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, October 8th. Seaport Research Partners cut shares of Apple from a "buy" rating to a "neutral" rating in a report on Monday, August 17th. DZ Bank downgraded Apple from a "buy" rating to a "hold" rating and set a $310.00 price target on the stock. in a report on Tuesday, August 4th. Finally, Wells Fargo & Company reissued an "overweight" rating and issued a $350.00 price objective (up from $310.00) on shares of Apple in a research report on Friday, July 31st. One investment 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 company's stock. Based on data from MarketBeat.com, Apple presently has an average rating of "Moderate Buy" and a consensus price target of $340.39.

Hedge Funds Weigh In On Apple

Large investors have recently modified their holdings of the business. State Street Corp increased its stake in shares of Apple by 4.7% during the second quarter. State Street Corp now owns 630,662,494 shares of the iPhone maker's stock worth $182,897,769,000 after acquiring an additional 28,321,085 shares during the period. Berkshire Hathaway Inc purchased a new position in shares of Apple in the second quarter valued at $65,950,297,000. Bank of America Corp DE acquired a new position in Apple during the second quarter worth about $36,986,090,000. Legal & General Group Plc purchased a new stake in Apple in the 2nd quarter valued at approximately $30,443,242,000. Finally, Amundi raised its stake in Apple by 23.2% in the 1st quarter. Amundi now owns 73,082,616 shares of the iPhone maker's stock valued at $18,547,637,000 after purchasing an additional 13,780,080 shares during the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple and Meta Platforms are partnering to bring Meta’s Muse Spark open-weight AI model to high-end Macs. Developers will be able to run the massive model locally, reducing reliance on cloud computing. The agreement could strengthen Mac hardware demand and gives Apple a credible AI ecosystem partner, even as it highlights the company’s limited progress developing a leading proprietary model. Apple and Meta team up to make Muse AI model run on Mac computers
• Positive Sentiment: Apple reached the $5 trillion market-cap milestone and remains close to Nvidia in the global value ranking. The milestone and a recent analyst upgrade reinforce bullish momentum, while prediction-market activity reflects growing expectations that Apple could eventually reclaim the title of the world’s most valuable company. Apple tops US$5 trillion valuation
• Positive Sentiment: Apple Intelligence is reportedly headed to mainland China in December. Even a delayed and limited launch could expand the addressable user base and improve Apple’s competitive position in an important market. iPhone Duo preorders beginning October 16 also provide a near-term sales catalyst. Apple Intelligence reportedly nears China debut
• Neutral Sentiment: Management is emphasizing hardware and ecosystem integration rather than chasing every new AI model. The strategy may support Apple’s established strengths in devices, services, and customer loyalty, but investors are looking for evidence that CEO John Ternus can generate a new growth cycle after Tim Cook’s substantial revenue expansion. Apple's Ternus retains focus on hardware
• Negative Sentiment: China’s version of Apple Intelligence reportedly will exclude the upgraded Siri and Genmoji. The limited rollout reduces the immediate AI benefit in China and may reinforce concerns that Apple is behind competitors in generative and agentic AI. Analysts also question whether Apple’s premium valuation is justified by its comparatively ordinary growth rate and lower AI spending. Apple Intelligence China launch
• Negative Sentiment: Legal and product-related risks remain overhangs. Apple is challenging a reported $5.7 billion Taction Technology patent damages award, while OpenAI alleges that a former employee took confidential device files to Apple. Separately, concerns about expensive new products, including HomeView and the folding iPhone Duo, could limit adoption. Apple fights $5.7 billion damages ruling

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.