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

Key Points

• Apple SVP Jennifer Newstead sold 2,399 shares at an average price of $336.18, generating approximately $806,496. She retained 41,992 shares, and the transaction reduced her ownership by 5.4%.
• Apple reported quarterly EPS of $2.02 and revenue of $109.42 billion, exceeding analyst expectations, with revenue up 16.4% year over year. The company also pays a quarterly dividend of $0.27 per share, yielding approximately 0.3%.
• AAPL recently traded at $330.32, while analysts maintained a “Moderate Buy” consensus and an average price target of $340.02. Key risks include rising component costs, potential AI disruption to the App Store ecosystem, and a $5.7 billion patent verdict.

Apple Inc. (NASDAQ:AAPL - Get Free Report) SVP Jennifer Newstead sold 2,399 shares of the business's stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $336.18, for a total transaction of $806,495.82. Following the completion of the sale, the senior vice president owned 41,992 shares in the company, valued at approximately $14,116,870.56. This trade represents a 5.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Tuesday, September 22nd, Jennifer Newstead sold 2,399 shares of Apple stock. The stock was 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 shares were 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 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 transaction 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 stock was sold at an average price of $307.75, for a total value of $442,852.25.

Apple Trading Down 0.8%

Shares of AAPL stock traded down $2.70 on Thursday, hitting $330.32. The stock had a trading volume of 35,535,349 shares, compared to its average volume of 49,230,836. The company's 50 day moving average price is $321.97 and its 200-day moving average price is $299.21. Apple Inc. has a 1 year low of $243.42 and a 1 year high of $345.34. 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 market capitalization of $4.82 trillion, a P/E ratio of 37.88, a P/E/G ratio of 2.86 and a beta of 1.08.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results 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 analysts' expectations of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.Apple's revenue for the quarter was up 16.4% on a year-over-year basis. During the same period last year, the business posted $1.57 EPS. Analysts anticipate that Apple Inc. will post 8.74 earnings per share for the current year.

Apple Announces Dividend

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

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Morgan Stanley retained its Overweight rating and expects Apple’s fall product cycle to support revenue growth. The firm modestly increased revenue estimates following the launches, although it largely left earnings estimates unchanged. Apple’s Fall Product Cycle Could Support Revenue Growth
• Positive Sentiment: Apple is expanding Apple Watch health features, including “health age” and a Readiness score, while planning a redesigned Health app. The updates could strengthen its wearables ecosystem and support Watch sales. Apple Is Betting Improved Heart and Health Insights Will Boost Watch Sales
• Positive Sentiment: Early demand indicators remain favorable: Counterpoint estimates Apple could sell about 6 million first-generation iPhone Duo foldables this year, while iPhone 18 Pro sales in China reportedly rose 12% year over year during launch week. Apple Predicted To Sell 6 Million iPhone Duo Handsets This Year
• Neutral Sentiment: Apple reportedly plans to unveil a smart-home hub at an October 13 event, potentially broadening its connected-device ecosystem. However, investors appear to be waiting for evidence that the new category can materially add to revenue. Apple Plans to Make Push Into Smart-Home Market
• Negative Sentiment: Morgan Stanley reduced its Apple price target to $355 from $360. Analysts cited higher memory and component costs, iPhone pricing pressure and limited incremental earnings upside after the strong product-cycle gains. Morgan Stanley Adjusts Price Target on Apple
• Negative Sentiment: Analysts warned that AI agents such as Meta’s Muse could bypass Apple’s App Store, payment and services infrastructure, threatening one of the company’s most valuable profit engines. This adds to concerns that Siri and Apple’s broader AI strategy need to accelerate. Could AI Agents Cut Apple Out of the Checkout?
• Negative Sentiment: A jury ordered Apple to pay $5.7 billion in a patent case involving Taction Technology’s Taptic Engine patents. Investors are also assessing whether ongoing royalties could pressure hardware margins. Apple’s $5.7 Billion Patent Verdict Raises a Bigger Royalty Question

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AAPL. State Street Corp lifted its holdings in Apple by 4.7% during the 2nd quarter. State Street Corp now owns 630,662,494 shares of the iPhone maker's stock worth $182,897,769,000 after buying an additional 28,321,085 shares during the last quarter. Berkshire Hathaway Inc purchased a new position in shares of Apple in the 2nd quarter valued at about $65,950,297,000. Bank of America Corp DE purchased a new position in shares of Apple in the 2nd quarter valued at about $36,986,090,000. Legal & General Group Plc purchased a new position in shares of Apple in the 2nd quarter valued at about $30,443,242,000. Finally, Nuveen LLC raised its position in shares of Apple by 3.8% during the 4th quarter. Nuveen LLC now owns 75,000,920 shares of the iPhone maker's stock worth $20,389,750,000 after acquiring an additional 2,725,121 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on AAPL shares. Wells Fargo & Company reiterated an "overweight" rating and set a $350.00 target price (up from $310.00) on shares of Apple in a report on Friday, July 31st. Daiwa Securities Group boosted their price target on shares of Apple from $325.00 to $335.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 11th. Rosenblatt Securities reaffirmed a "neutral" rating and set a $303.00 price objective on shares of Apple in a research report on Thursday, September 10th. Argus increased their price objective on Apple from $325.00 to $375.00 in a research note on Monday, June 8th. Finally, Robert W. Baird lifted their target price on Apple from $310.00 to $330.00 and gave the company an "outperform" rating in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $340.02.

About Apple

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.

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