Apple (NASDAQ:AAPL) Insider Ben Borders Sells 116 Shares

Apple Inc. (NASDAQ:AAPL) insider Ben Borders sold 116 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total transaction of $34,236.24. Following the transaction, the insider directly owned 38,713 shares of the company’s stock, valued at $11,425,754.82. The trade was a 0.30% decrease in their position. The transaction was disclosed in a document filed 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.

Ben Borders also recently made the following trade(s):

• On Friday, May 8th, Ben Borders sold 1,274 shares of Apple stock. The stock was sold at an average price of $290.00, for a total transaction of $369,460.00.

Apple Trading Down 1.1%

Shares of NASDAQ:AAPL traded down $3.29 during mid-day trading on Wednesday, reaching $295.95. 42,643,266 shares of the company were exchanged, compared to its average volume of 47,675,168. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 1.02. The firm has a market cap of $4.35 trillion, a price-to-earnings ratio of 35.79, a P/E/G ratio of 2.58 and a beta of 1.09. The firm’s 50-day simple moving average is $287.32 and its 200 day simple moving average is $272.54. Apple Inc. has a 1 year low of $195.07 and a 1 year high of $317.40.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.06. The firm had revenue of $111.18 billion during the quarter, compared to analysts’ expectations of $109.46 billion. Apple had a net margin of 27.15% and a return on equity of 146.69%. The firm’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter last year, the company posted $1.65 EPS. Equities research analysts forecast that Apple Inc. will post 8.75 EPS for the current year.

Apple Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Monday, May 11th were given a $0.27 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.08 annualized dividend and a yield of 0.4%. This is a boost from Apple’s previous quarterly dividend of $0.26. Apple’s dividend payout ratio is 13.06%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on AAPL shares. Maxim Group reissued a “buy” rating and issued a $350.00 price target (up from $310.00) on shares of Apple in a research report on Tuesday, June 9th. Stifel Nicolaus set a $330.00 price target on shares of Apple in a research report on Monday, March 2nd. Oppenheimer reissued a “market perform” rating on shares of Apple in a research report on Tuesday, June 9th. Wells Fargo & Company reissued an “overweight” rating and issued a $310.00 price target (up from $300.00) on shares of Apple in a research report on Friday, May 1st. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $276.00 price target on shares of Apple in a research report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $314.59.

Institutional Investors Weigh In On Apple

Several institutional investors have recently modified their holdings of the company. Overbrook Management Corp grew its position in shares of Apple by 57.4% in the fourth quarter. Overbrook Management Corp now owns 104,648 shares of the iPhone maker’s stock valued at $28,449,000 after purchasing an additional 38,174 shares during the last quarter. Tufton Capital Management grew its position in shares of Apple by 4.3% in the third quarter. Tufton Capital Management now owns 100,130 shares of the iPhone maker’s stock valued at $25,496,000 after purchasing an additional 4,157 shares during the last quarter. Torren Management LLC acquired a new stake in shares of Apple in the fourth quarter valued at approximately $1,178,000. Adventist Health System Sunbelt Healthcare Corp acquired a new stake in shares of Apple in the fourth quarter valued at approximately $105,482,000. Finally, KBC Group NV grew its position in shares of Apple by 3.1% in the fourth quarter. KBC Group NV now owns 7,044,697 shares of the iPhone maker’s stock valued at $1,915,172,000 after purchasing an additional 214,215 shares during the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Analysts say Apple may be better positioned than rivals to manage the AI-driven memory shortage, helped by strong inventory levels and supply-chain control. Apple Seen Best Positioned To Navigate AI Memory Crunch: Analyst
• Positive Sentiment: Wall Street has been increasingly receptive to Apple’s AI roadmap, with some analysts saying the post-WWDC selloff looks overdone and could support a recovery. After an Initial Panic, Wall Street’s Leaning Into Apple’s New Siri AI
• Neutral Sentiment: Apple is reportedly preparing major future product updates, including camera-equipped AirPods and a foldable iPhone, which supports the long-term innovation story. Apple (AAPL) Plans Camera AirPods and a Foldable iPhone for 2027 in Major Product Push
• Negative Sentiment: Apple may need to raise prices because soaring memory-chip costs are making current pricing unsustainable, which could pressure demand and margins. Apple to Raise Prices Due to Memory Chip Crunch, Tim Cook Says
• Negative Sentiment: Italy has opened a Digital Markets Act probe into Apple’s cloud practices, adding regulatory risk in Europe. Italy’s antitrust regulator probes Apple over cloud services under Digital Market rules

Apple Company Profile

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.