Apple (NASDAQ:AAPL) SVP Jennifer Newstead Sells 2,399 Shares of Stock

Apple Inc. (NASDAQ:AAPL) SVP Jennifer Newstead sold 2,399 shares of the firm’s stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $340.06, for a total transaction of $815,803.94. Following the sale, the senior vice president owned 44,391 shares in the company, valued at approximately $15,095,603.46. The trade was a 5.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• 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 transaction 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.
• 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 stock was sold at an average price of $307.75, for a total value of $442,852.25.

Apple Stock Down 0.3%

Apple stock traded down $1.10 during midday trading on Thursday, reaching $335.92. The stock had a trading volume of 24,380,295 shares, compared to its average volume of 49,553,070. The firm’s fifty day simple moving average is $321.36 and its 200-day simple moving average is $296.51. Apple Inc. has a 1-year low of $243.42 and a 1-year high of $345.34. The stock has a market capitalization of $4.90 trillion, a P/E ratio of 38.52, a price-to-earnings-growth ratio of 2.95 and a beta of 1.08. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.13. The firm had revenue of $109.42 billion during the quarter, compared to the consensus estimate of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.The business’s revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.57 EPS. As a group, analysts expect that Apple Inc. will post 8.74 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were given 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 of this dividend was Monday, August 10th. Apple’s payout ratio is currently 12.39%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Sterling Wealth Management Inc. boosted its position in Apple by 0.3% during the second quarter. Sterling Wealth Management Inc. now owns 11,579 shares of the iPhone maker’s stock valued at $3,351,000 after acquiring an additional 30 shares during the last quarter. Evansbrook LLC raised its position in shares of Apple by 0.4% in the 1st quarter. Evansbrook LLC now owns 8,095 shares of the iPhone maker’s stock worth $2,054,000 after acquiring an additional 34 shares in the last quarter. JMG Financial Group Ltd. raised its position in shares of Apple by 0.7% in the 1st quarter. JMG Financial Group Ltd. now owns 5,102 shares of the iPhone maker’s stock worth $1,295,000 after acquiring an additional 35 shares in the last quarter. Advocate Investing Services LLC lifted its stake in shares of Apple by 0.5% in the 2nd quarter. Advocate Investing Services LLC now owns 7,847 shares of the iPhone maker’s stock valued at $2,271,000 after purchasing an additional 39 shares during the period. Finally, Interactive Financial Advisors Inc. lifted its stake in shares of Apple by 4.0% in the 4th quarter. Interactive Financial Advisors Inc. now owns 1,051 shares of the iPhone maker’s stock valued at $286,000 after purchasing an additional 40 shares during the period. Institutional investors own 67.73% of the company’s stock.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: iPhone 18 demand remains encouraging. Stronger-than-expected interest in the iPhone 18 Pro and Pro Max, including long queues in India, supports expectations for a healthy product cycle. However, some analysts noted that shipping delays and demand trends are mixed by region. Apple iPhone demand in India
• Positive Sentiment: Analysts remain constructive. JPMorgan reaffirmed its “Buy” rating, while Bank of America maintained its “Buy” rating and a $370 price target, implying further upside from recent levels. Apple analyst ratings
• Positive Sentiment: Qualcomm’s renewed licensing agreement provides stability. Qualcomm (NASDAQ:QCOM) extended its global patent-license agreement with Apple through a new term beginning April 1, 2027. The renewal reduces uncertainty around Apple’s modem and patent relationship, although it primarily benefits Qualcomm’s revenue outlook. Qualcomm and Apple licensing agreement
• Neutral Sentiment: Apple is expanding its services ecosystem. Square (NYSE:XYZ) sellers can now manage listings across Apple Maps, Siri, Apple Wallet and other Apple applications, potentially improving platform engagement but offering no immediate material revenue impact. Square Apple Business integration
• Neutral Sentiment: New AI hardware could broaden Apple’s opportunity. Apple is positioning its latest Mac Studio and Mac mini products for local enterprise AI workloads and may be exploring its own AI server chips. Commercial adoption remains uncertain, especially given Apple’s weaker enterprise presence. Apple AI server chips
• Negative Sentiment: Valuation is becoming a larger risk. Commentary that AAPL could be overvalued after its substantial multiyear advance has increased investor sensitivity to any slowdown in cash-flow growth, AI returns or iPhone demand. Apple valuation concerns
• Negative Sentiment: Competitive and execution concerns persist. Meta Platforms (NASDAQ:META) unveiled new AI-focused smart glasses positioned against Apple’s Vision Pro, while Apple is reportedly conducting another round of layoffs affecting Fitness+. Meta smart glasses competition
• Negative Sentiment: Product issues add near-term pressure. Apple said a software update is coming to address reboot problems affecting some iPhone 18 Pro users. Separately, reports of renewed short interest were inconsistent, showing zero shares outstanding in the latest data and therefore providing no meaningful bearish signal. iPhone 18 Pro reboot issue

Analyst Ratings Changes

A number of research firms recently weighed in on AAPL. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Apple in a research report on Monday. Needham & Company LLC restated a “hold” rating on shares of Apple in a research note on Tuesday, September 8th. Morgan Stanley restated an “overweight” rating and issued a $360.00 price objective on shares of Apple in a report on Wednesday, September 2nd. Seaport Research Partners downgraded Apple from a “buy” rating to a “neutral” rating in a research report on Monday, August 17th. Finally, Rothschild & Co Redburn set a $400.00 target price on Apple and gave the stock a “buy” rating in a report on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $340.14.

About Apple

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.