Apple (NASDAQ:AAPL) Insider Ben Borders Sells 1,274 Shares

Apple Inc. (NASDAQ:AAPL) insider Ben Borders sold 1,274 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $290.00, for a total transaction of $369,460.00. Following the transaction, the insider directly owned 38,713 shares in the company, valued at approximately $11,226,770. The trade was a 3.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Apple Stock Up 0.7%

NASDAQ AAPL traded up $2.12 during trading on Tuesday, reaching $294.80. The company’s stock had a trading volume of 45,677,366 shares, compared to its average volume of 47,295,297. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $4.33 trillion, a PE ratio of 35.65, a PEG ratio of 2.55 and a beta of 1.06. Apple Inc. has a 1-year low of $193.46 and a 1-year high of $295.27. The business has a 50-day moving average price of $262.63 and a 200-day moving average price of $266.47.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, April 30th. The iPhone maker reported $2.01 EPS for the quarter, topping the consensus estimate of $1.95 by $0.06. Apple had a net margin of 27.15% and a return on equity of 146.69%. The company had revenue of $111.18 billion for the quarter, compared to analyst estimates of $109.46 billion. During the same quarter in the prior year, the business posted $1.65 EPS. Apple’s quarterly revenue was up 16.6% on a year-over-year basis. On average, research analysts forecast that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Monday, May 11th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.4%. This is an increase from Apple’s previous quarterly dividend of $0.26. The ex-dividend date is Monday, May 11th. Apple’s dividend payout ratio is 12.58%.

Institutional Investors Weigh In On Apple

Several hedge funds and other institutional investors have recently modified their holdings of AAPL. First National Bank of Hutchinson increased its holdings in shares of Apple by 24.6% during the 4th quarter. First National Bank of Hutchinson now owns 35,319 shares of the iPhone maker’s stock worth $8,845,000 after purchasing an additional 6,982 shares during the period. Eagle Capital Management LLC increased its stake in Apple by 0.5% during the fourth quarter. Eagle Capital Management LLC now owns 54,085 shares of the iPhone maker’s stock valued at $13,544,000 after acquiring an additional 272 shares during the period. Brighton Jones LLC raised its holdings in Apple by 14.8% in the 4th quarter. Brighton Jones LLC now owns 537,314 shares of the iPhone maker’s stock valued at $134,554,000 after acquiring an additional 69,207 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in Apple by 4.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 66,857 shares of the iPhone maker’s stock valued at $16,742,000 after acquiring an additional 2,695 shares in the last quarter. Finally, Highview Capital Management LLC DE lifted its position in shares of Apple by 2.4% in the 4th quarter. Highview Capital Management LLC DE now owns 50,264 shares of the iPhone maker’s stock worth $12,587,000 after acquiring an additional 1,155 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Analyst Ratings Changes

AAPL has been the topic of a number of analyst reports. Robert W. Baird set a $310.00 price objective on Apple in a report on Friday, May 1st. Stifel Nicolaus set a $330.00 price target on Apple in a report on Monday, March 2nd. Morgan Stanley reissued an “overweight” rating and issued a $330.00 price target (up from $315.00) on shares of Apple in a research report on Friday, May 1st. Needham & Company LLC reaffirmed a “hold” rating on shares of Apple in a report on Friday, May 1st. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Apple in a report on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $305.74.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Investors are looking ahead to WWDC, where Apple may finally lay out a clearer AI strategy and new growth roadmap, which could reinforce the recent rally. The Event That Could Redefine Apple’s Summer Rally
• Positive Sentiment: Reports that iOS 26.5 will bring end-to-end encrypted RCS messaging between iPhone and Android users highlight continued software improvements and ecosystem strength. Apple And Google Finally Close SMS Security Gap As iOS 26.5 Brings End-To-End Encrypted RCS Messaging For Android And iPhone Conversations
• Positive Sentiment: Apple’s planned iOS 27 camera redesign could give users more pro-level controls, adding another potential hardware-software upgrade catalyst. Apple’s (AAPL) iOS 27 Camera App Could Bring Pro-Level Controls to iPhone Users
• Neutral Sentiment: Apple also announced a renewable-energy partnership with CleanMax in India, which supports sustainability goals but is unlikely to move the stock on its own. Apple Inc (AAPL) Partners with CleanMax to Enhance Renewable Energy Capacity in India
• Negative Sentiment: A federal appeals court temporarily kept Trump’s 10% global tariffs in place, which may leave Apple exposed to higher import-related costs on consumer electronics supply chains. Appeals Court Temporarily Reinstates Trump’s 10% Global Tariffs During Ongoing Legal Fight

About Apple

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.