Insider Selling: Apple (NASDAQ:AAPL) SVP Sells $781,474.25 in Stock

Apple Inc. (NASDAQ:AAPL – Get Free Report) SVP Jennifer Newstead sold 2,399 shares of the stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $325.75, for a total transaction of $781,474.25. Following the completion of the transaction, the senior vice president directly owned 29,997 shares of the company’s stock, valued at $9,771,522.75. This trade represents a 7.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

  • On Tuesday, October 27th, Jennifer Newstead sold 2,399 shares of Apple stock. The stock was sold at an average price of $343.36, for a total transaction of $823,720.64.
  • On Tuesday, October 20th, Jennifer Newstead sold 2,399 shares of Apple stock. The stock was sold at an average price of $339.62, for a total transaction of $814,748.38.
  • On Tuesday, October 13th, Jennifer Newstead sold 2,399 shares of Apple stock. The shares were sold at an average price of $345.00, for a total value of $827,655.00.
  • 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 value 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 stock was sold at an average price of $340.06, for a total value 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 stock was 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 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.

Apple Price Performance

Apple stock traded down $5.34 during mid-day trading on Thursday, hitting $344.17. 75,405,234 shares of the company were exchanged, compared to its average volume of 48,782,285. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 0.61. The business has a fifty day moving average of $334.84 and a 200 day moving average of $297.58. Apple Inc. has a 1-year low of $243.42 and a 1-year high of $355.38. The company has a market capitalization of $5.02 trillion, a PE ratio of 38.37, a price-to-earnings-growth ratio of 2.75 and a beta of 1.07.

Apple (NASDAQ:AAPL – Get Free Report) last issued its quarterly earnings data on Monday, November 2nd. The iPhone maker reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.11. Apple had a return on equity of 125.35% and a net margin of 27.60%. The company had revenue of $114.48 billion during the quarter, compared to analysts’ expectations of $113.40 billion. During the same period last year, the business earned $1.85 earnings per share. The business’s revenue was up 11.7% on a year-over-year basis. As a group, sell-side analysts expect that Apple Inc. will post 9.61 earnings per share for the current year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Thursday, November 12th will be given a dividend of $0.27 per share. The ex-dividend date is Thursday, November 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. Apple’s dividend payout ratio (DPR) is 12.39%.

Hedge Funds Weigh In On Apple

A number of institutional investors have recently modified their holdings of the stock. Berkshire Hathaway Inc bought a new position in shares of Apple in the 2nd quarter worth $65,950,297,000. Bank of America Corp DE acquired a new stake in shares of Apple during the second quarter worth $36,986,090,000. Legal & General Group Plc bought a new stake in Apple in the second quarter valued at about $30,443,242,000. Deutsche Bank AG bought a new stake in Apple in the second quarter valued at about $13,658,359,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Apple in the second quarter valued at about $10,588,946,000. 67.73% of the stock is owned by institutional investors.

Apple News Summary

Here are the key news stories impacting Apple this week:

  • Positive Sentiment: Apple posted fiscal fourth-quarter revenue of about $114.5 billion, beating expectations, with reports pointing to solid iPhone and Mac demand. This provides a strong sales backdrop heading into the holiday quarter. Article: Apple Shares Fell Despite a Double Beat in Q4
  • Neutral Sentiment: Apple is reportedly seeking up to $7 billion through a seven-part bond offering. The financing comes amid a broader wave of Big Tech borrowing for investment needs; the report does not specify how Apple will use the proceeds. Article: Apple seeks about $7 billion from bond sale
  • Negative Sentiment: Apple flagged supply constraints and sharply higher memory costs ahead of the December quarter. The expense pressure could weigh on margins, with separate coverage citing a 45%–46% holiday-quarter gross-margin outlook. Article: Apple flagged supply constraints and rising memory costs
  • Negative Sentiment: Investors are scrutinizing earnings quality after tariff refunds boosted reported profit metrics. That concern, alongside a premium valuation and reports of slowing Services growth, may make the stock more vulnerable to disappointment despite the revenue beat. Article: Apple Stocks Move Lower as Investors Revisit Earnings Quality

Analyst Ratings Changes

AAPL has been the subject of several recent analyst reports. Melius Research set a $370.00 price objective on shares of Apple in a report on Tuesday. Loop Capital downgraded Apple from a “buy” rating to a “hold” rating and reduced their target price for the stock from $370.00 to $330.00 in a report on Tuesday, October 20th. Sanford C. Bernstein increased their price target on Apple from $370.00 to $380.00 and gave the stock a “buy” rating in a research report on Wednesday. Rothschild & Co Redburn set a $400.00 price target on Apple and gave the company a “buy” rating in a report on Monday, August 17th. Finally, Weiss Ratings upgraded Apple from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $343.74.

View Our Latest Research Report on Apple

About Apple

(Get Free Report)

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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Insider Buying and Selling by Quarter for Apple (NASDAQ:AAPL)

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