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

Apple Inc. (NASDAQ:AAPL) SVP Jennifer Newstead sold 1,438 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $330.19, for a total value of $474,813.22. Following the completion of the sale, the senior vice president directly owned 32,914 shares in the company, valued at approximately $10,867,873.66. The trade was a 4.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Tuesday, September 8th, Jennifer Newstead sold 1,438 shares of Apple stock. The shares were 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 shares were sold at an average price of $307.49, for a total transaction 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 transaction of $442,852.25.

Apple Stock Performance

AAPL opened at $337.00 on Friday. 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 company has a market cap of $4.92 trillion, a price-to-earnings ratio of 38.65, a PEG ratio of 2.89 and a beta of 1.08. Apple Inc. has a 52-week low of $236.65 and a 52-week high of $344.57. The firm’s fifty day simple moving average is $319.82 and its two-hundred day simple moving average is $294.40.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.13. The business had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.57 earnings per share. Equities analysts anticipate that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, August 10th. Apple’s dividend payout ratio (DPR) is 12.39%.

Institutional Trading of Apple

A number of large investors have recently modified their holdings of AAPL. Wellington Altus USA Inc. increased its holdings in Apple by 78.4% during the 2nd quarter. Wellington Altus USA Inc. now owns 10,633 shares of the iPhone maker’s stock worth $3,077,000 after purchasing an additional 4,674 shares during the period. Reynders McVeigh Capital Management LLC raised its holdings in Apple by 29.2% in the second quarter. Reynders McVeigh Capital Management LLC now owns 600,912 shares of the iPhone maker’s stock valued at $177,300,000 after acquiring an additional 135,884 shares in the last quarter. Revere Asset Management Inc lifted its stake in Apple by 5.1% in the second quarter. Revere Asset Management Inc now owns 1,443 shares of the iPhone maker’s stock worth $418,000 after acquiring an additional 70 shares during the last quarter. Bullseye Investment Management LLC acquired a new position in Apple during the 2nd quarter worth approximately $284,000. Finally, Talon Private Wealth LLC grew its holdings in Apple by 11.5% during the 2nd quarter. Talon Private Wealth LLC now owns 24,561 shares of the iPhone maker’s stock worth $7,107,000 after acquiring an additional 2,543 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Bank of America reiterated its Buy rating and set a $370 price target, citing carrier incentives of up to $1,200, a potentially strong iPhone upgrade cycle, capital returns and opportunities for edge AI. Apple’s iPhone Upgrade Cycle Looks Strong As Carrier Incentives Hit $1,200
• Positive Sentiment: Carrier promotions are helping offset higher iPhone 18 Pro prices, supporting expectations for sales despite concerns that consumers could be waiting for Apple’s foldable iPhone Duo. Apple also reportedly gained smartphone market share, even as overall industry shipments declined. Apple iPhone 18 Pro Sales Helped By Carrier Promotions
• Positive Sentiment: Reports that Apple is developing AI servers powered by M8 Ultra chips provided a longer-term growth narrative. The planned infrastructure, potentially using NVIDIA networking technology, could reduce cloud costs, protect Services margins and create an enterprise-server opportunity around 2029. Apple Is Quietly Building an AI Advantage Few Expected
• Positive Sentiment: Apple remains a core Berkshire Hathaway holding, representing more than half of Warren Buffett’s portfolio along with American Express and Alphabet. This reinforces the perception of Apple as a high-quality, cash-generating long-term investment. Warren Buffett Has More Than 50% of His Portfolio in These 3 Stocks
• Neutral Sentiment: Early iPhone 18 Pro preorder signals are mixed. Some analysts see shorter wait times as a sign of softer demand, while others believe carrier discounts and customers delaying purchases for the foldable model explain the pattern. Bank of America flags surprising iPhone 18 pre-order trend
• Negative Sentiment: Apple’s premium valuation leaves limited room for disappointment, while a $2.7 billion UK lawsuit over app-tracking rules and continuing European scrutiny add regulatory risk. An executive’s stock sale was disclosed, although it was conducted to cover tax withholding on vested equity and is not necessarily a bearish signal. Apple Faces a $2.7 Billion UK Lawsuit

Analysts Set New Price Targets

AAPL has been the topic of several recent research reports. Royal Bank Of Canada set a $365.00 target price on shares of Apple in a research note on Wednesday, July 15th. BTIG Research started coverage on shares of Apple in a research note on Monday, August 17th. They set a “neutral” rating for the company. Argus raised their target price on shares of Apple from $325.00 to $375.00 in a research note on Monday, June 8th. Maxim Group boosted their target price on Apple from $350.00 to $380.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Finally, Bank of America reiterated a “buy” rating and issued a $370.00 target price on shares of Apple in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and an average target price of $338.80.

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.