Jennifer Newstead Sells 1,438 Shares of Apple (NASDAQ:AAPL) Stock

Key Points

• Apple SVP Jennifer Newstead sold 1,438 shares on September 8 at an average price of $317.23, totaling approximately $456,177. She retained 34,352 shares, and the transaction reduced her direct ownership by 4.02%.
• Newstead has made several similar sales since August, each involving roughly 1,439 shares and proceeds of about $442,000–$456,000.
• Apple shares recently rose 3.6% to $326.57, while analysts maintained a generally positive outlook with a “Moderate Buy” consensus and an average price target of $331.26. The company’s new foldable iPhone is viewed as a potential growth catalyst, though its high price, rising component costs and unfinished AI strategy remain concerns.

Apple Inc. (NASDAQ:AAPL - Get Free Report) SVP Jennifer Newstead sold 1,438 shares of Apple stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $317.23, for a total value of $456,176.74. Following the sale, the senior vice president directly owned 34,352 shares in the company, valued at approximately $10,897,484.96. The trade was a 4.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Tuesday, September 1st, Jennifer Newstead sold 1,439 shares of Apple stock. The shares were sold at an average price of $317.01, for a total value of $456,177.39.
• On Tuesday, August 25th, Jennifer Newstead sold 1,439 shares of Apple stock. The shares were 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 stock was 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 value of $442,852.25.

Apple Stock Up 3.6%

Shares of Apple stock traded up $11.23 on Thursday, hitting $326.57. 69,880,793 shares of the company's stock traded hands, compared to its average volume of 50,030,746. Apple Inc. has a 52-week low of $226.65 and a 52-week high of $344.57. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The stock has a market cap of $4.77 trillion, a P/E ratio of 37.45, a PEG ratio of 2.74 and a beta of 1.08. The firm's 50-day moving average is $317.37 and its 200 day moving average is $291.73.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.89 by $0.13. Apple had a net margin of 27.62% and a return on equity of 135.46%. The business had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. During the same quarter in the previous year, the firm earned $1.57 earnings per share. The business's revenue was up 16.4% compared to the same quarter last year. Equities analysts anticipate that Apple Inc. will post 8.74 earnings per share for the current year.

Apple Dividend Announcement

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

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple introduced the $1,999 iPhone Duo, its first foldable smartphone, alongside the iPhone 18 Pro and Pro Max. Analysts say the new form factor could stimulate upgrades, expand ecosystem engagement and eventually represent a meaningful portion of iPhone revenue. How Wall Street viewed Apple's foldable iPhone
• Positive Sentiment: Several analysts remained constructive after the launch. TD Cowen reiterated a Buy rating with a $400 price target, while Citi maintained its Buy rating and a $365 target. Gene Munster said the Duo could ultimately account for about 10% of iPhone sales, and Dan Ives suggested it could generate up to 20% of iPhone revenue. TD Cowen reiterates Buy on Apple
• Positive Sentiment: The launch also included upgraded Siri AI capabilities, Apple Watch Series 12 and Ultra 4 health features, AirPods 5 and a new C2 modem that reduces reliance on Qualcomm. Apple gained even as broader markets faced pressure from rising oil prices and Treasury yields, suggesting the product event was a meaningful company-specific catalyst. Apple unveils foldable iPhone and pricier iPhone 18 Pro
• Neutral Sentiment: Wall Street remains divided. Bank of America kept its Buy rating but lowered its price target to $370, while Rosenblatt maintained Neutral with a $303 target. The disagreement reflects uncertainty over demand for an expensive foldable device and the strength of the overall iPhone 18 cycle. Apple's iPhone Duo came too cheap for Wall Street
• Negative Sentiment: Apple raised iPhone Pro prices by $100, but memory and other component costs are also climbing. Investors worry that higher costs could offset pricing benefits and pressure margins, particularly during the initial foldable ramp. Apple raised iPhone Pro prices as memory costs rise
• Negative Sentiment: Investors still view Apple’s AI strategy as unfinished, and early commentary questioned whether the Duo’s premium price, supply-chain complexity and potential overlap with iPad demand will limit adoption. Broader macroeconomic pressure from oil and higher interest rates could also restrain technology valuations.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AAPL. Citigroup reissued a "buy" rating on shares of Apple in a report on Thursday. DA Davidson reiterated a "neutral" rating and issued a $270.00 target price on shares of Apple in a research report on Wednesday, September 2nd. The Goldman Sachs Group began coverage on Apple in a report on Monday, August 17th. They issued a "buy" rating for the company. DZ Bank lowered Apple from a "buy" rating to a "hold" rating and set a $310.00 price target on the stock. in a research report on Tuesday, August 4th. Finally, Raymond James Financial restated a "market perform" rating on shares of Apple in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $331.26.

Hedge Funds Weigh In On Apple

A number of hedge funds and other institutional investors have recently bought and sold shares of AAPL. First National Bank of Hutchinson increased its holdings in shares of Apple by 24.6% in the 4th quarter. First National Bank of Hutchinson now owns 35,319 shares of the iPhone maker's stock worth $8,845,000 after acquiring an additional 6,982 shares during the period. Eagle Capital Management LLC increased its stake in shares of Apple by 0.5% in the fourth 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 period. Brighton Jones LLC increased its stake in shares of Apple by 14.8% in the fourth 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 period. Revolve Wealth Partners LLC raised its holdings in shares of Apple by 4.2% during the fourth 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 during the last quarter. Finally, Highview Capital Management LLC DE boosted its position in shares of Apple by 2.4% during the fourth 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 period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Company Profile

Apple Inc is a technology company that designs, develops and markets consumer electronics, software and digital services. Its principal products include the iPhone, Mac computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and applications that support its hardware products.

Apple's services business includes the App Store, Apple Music, Apple TV, Apple Arcade, Apple Fitness+, Apple News+, Apple Pay and iCloud. These services provide digital content, payments, cloud storage and subscription offerings across the company's ecosystem of devices.

Founded in 1976, Apple is headquartered in Cupertino, California, and serves consumers, businesses, educational institutions and government customers worldwide.

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