Insider Selling: Apple (NASDAQ:AAPL) Insider Sells 1,280 Shares of Stock

Key Points

• Apple insider Ben Borders sold 1,280 shares at an average price of $345.40, totaling $442,112. The sale reduced his holdings by 3.23% and was made to cover tax withholding obligations tied to vested equity awards.
• Apple shares declined 0.2% to $342.94, while the company trades near its 12-month high with a market capitalization of approximately $5 trillion and a P/E ratio of 39.33.
• Apple recently exceeded quarterly earnings and revenue expectations, and analysts maintain a consensus “Moderate Buy” rating with a $341.81 price target. Institutional investors own 67.73% of the company.

Apple Inc. (NASDAQ:AAPL - Get Free Report) insider Ben Borders sold 1,280 shares of the stock in a transaction on Friday, October 16th. The shares were sold at an average price of $345.40, for a total value of $442,112.00. Following the completion of the sale, the insider owned 38,288 shares of the company's stock, valued at approximately $13,224,675.20. This represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Apple Stock Down 0.2%

Shares of NASDAQ AAPL traded down $0.52 on Monday, hitting $342.94. The company had a trading volume of 34,535,310 shares, compared to its average volume of 48,554,250. 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 12-month low of $243.42 and a 12-month high of $348.15. The firm has a market capitalization of $5.00 trillion, a P/E ratio of 39.33, a PEG ratio of 2.72 and a beta of 1.07. The business has a 50 day moving average of $325.83 and a two-hundred day moving average of $306.58.

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 the consensus estimate of $1.89 by $0.13. Apple had a return on equity of 135.46% and a net margin of 27.62%. The business had revenue of $109.42 billion for the quarter, compared to the consensus estimate of $109.04 billion. During the same period last year, the business posted $1.57 EPS. The company's revenue was up 16.4% on a year-over-year basis. As a group, equities research analysts forecast that Apple Inc. will post 8.75 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company 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. The ex-dividend date was Monday, August 10th. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. Apple's payout ratio is currently 12.39%.

Institutional Investors Weigh In On Apple

Several institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp raised its stake in shares of Apple by 4.7% in 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 in the last quarter. Berkshire Hathaway Inc acquired a new stake in Apple during the 2nd quarter worth about $65,950,297,000. Bank of America Corp DE acquired a new stake in shares of Apple during the second quarter valued at approximately $36,986,090,000. Legal & General Group Plc acquired a new stake in shares of Apple during the second quarter valued at approximately $30,443,242,000. Finally, Amundi grew its position in Apple by 23.2% during the 1st quarter. Amundi now owns 73,082,616 shares of the iPhone maker's stock worth $18,547,637,000 after purchasing an additional 13,780,080 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Preorders for Apple’s $1,999 foldable iPhone Duo reportedly sold out quickly, with delivery estimates extending into January 2027. Analysts described demand as strong, potentially supporting higher iPhone revenue and margins. Apple’s iPhone Duo Demand Soars as Deliveries Stretch Into January 2027
• Positive Sentiment: Bank of America reiterated a Buy rating and a $370 price target, citing robust iPhone Duo demand and Apple’s longer-term artificial-intelligence opportunity. JPMorgan also maintained an Overweight rating and a $360 target. Apple Maintained at Buy With Unchanged $370 Price Target
• Positive Sentiment: Apple announced a “Pro and Tell” event for October 28. Expectations for new Macs, including a possible touchscreen MacBook Pro, could create a near-term product catalyst and reinforce growth in the Mac business. Apple Announces Product Launch Event for Oct. 28
• Neutral Sentiment: Apple is reportedly developing a higher-end HomeView device with a robotic arm that could launch in 2027. The product may expand Apple’s smart-home ecosystem, but it remains an early-stage report. Apple Already Developing Higher-End HomeView
• Negative Sentiment: A KeyBanc survey indicated that consumer intentions to upgrade iPhones over the next year may weaken, despite better early iPhone 18 adoption. The concern is significant because AAPL trades near record highs at an elevated valuation. Apple Stock in Red: Why This Analyst Thinks iPhone Demand Will Weaken
• Negative Sentiment: UK regulators are expected to push Apple to allow alternative default payment services on the iPhone, potentially pressuring Apple Pay-related revenue and its control over the iOS ecosystem. UK Regulator Set to Push Apple to Open iPhone Payment Technology

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on AAPL shares. CICC Research lifted their price objective on Apple from $310.00 to $340.00 and gave the stock an "outperform" rating in a report on Tuesday, August 4th. Evercore set a $380.00 target price on Apple and gave the company an "outperform" rating in a research note on Friday, September 18th. Weiss Ratings raised shares of Apple from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, October 8th. Phillip Securities lifted their price target on shares of Apple from $290.00 to $300.00 and gave the stock a "neutral" rating in a research note on Monday, September 14th. Finally, Jefferies Financial Group restated an "underperform" rating on shares of Apple in a research note on Wednesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $341.81.

About Apple

Apple Inc designs, develops and sells 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 applications that support its hardware ecosystem.

Apple's services business includes the App Store, Apple Music, Apple TV, Apple Arcade, iCloud, Apple Pay and other subscription, payment and digital-content offerings.

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