Apple (NASDAQ:AAPL) SVP Sells $456,176.74 in Stock

Apple Inc. (NASDAQ:AAPL) SVP Jennifer Newstead sold 1,438 shares of the stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $317.23, for a total value of $456,176.74. Following the completion of the transaction, the senior vice president directly owned 34,352 shares of the company’s stock, valued at approximately $10,897,484.96. The trade was a 4.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• 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 stock was sold at an average price of $310.95, for a total transaction 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 shares were sold at an average price of $307.75, for a total transaction of $442,852.25.

Apple Price Performance

Shares of AAPL stock traded up $11.23 during midday trading on Thursday, reaching $326.57. 69,880,793 shares of the company were exchanged, compared to its average volume of 50,030,746. The company’s 50 day moving average price is $317.37 and its two-hundred day moving average price is $291.73. The company has a market cap of $4.77 trillion, a P/E ratio of 37.45, a PEG ratio of 2.74 and a beta of 1.08. Apple Inc. has a 12 month low of $226.65 and a 12 month high of $344.57. 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 posted its quarterly earnings data 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. Apple had a net margin of 27.62% and a return on equity of 135.46%. The business had revenue of $109.42 billion during the quarter, compared to analysts’ expectations of $109.04 billion. During the same period last year, the firm posted $1.57 earnings per share. The business’s revenue was up 16.4% on a year-over-year basis. On average, sell-side analysts expect that Apple Inc. will post 8.74 earnings per share for the current year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, August 10th. Apple’s dividend payout ratio (DPR) is presently 12.39%.

Institutional Investors Weigh In On Apple

Several large investors have recently modified their holdings of AAPL. Sterling Wealth Management Inc. raised its holdings in Apple by 0.3% during the 2nd quarter. Sterling Wealth Management Inc. now owns 11,579 shares of the iPhone maker’s stock worth $3,351,000 after buying an additional 30 shares during the period. Evansbrook LLC lifted its stake in Apple by 0.4% during the first quarter. Evansbrook LLC now owns 8,095 shares of the iPhone maker’s stock valued at $2,054,000 after buying an additional 34 shares in the last quarter. JMG Financial Group Ltd. boosted its holdings in shares of Apple by 0.7% in the first quarter. JMG Financial Group Ltd. now owns 5,102 shares of the iPhone maker’s stock worth $1,295,000 after buying an additional 35 shares during the period. Reyes Financial Architecture Inc. boosted its holdings in shares of Apple by 0.4% in the third quarter. Reyes Financial Architecture Inc. now owns 9,898 shares of the iPhone maker’s stock worth $2,520,000 after buying an additional 37 shares during the period. Finally, Advocate Investing Services LLC increased its position in shares of Apple by 0.5% in the second quarter. Advocate Investing Services LLC now owns 7,847 shares of the iPhone maker’s stock worth $2,271,000 after acquiring an additional 39 shares in the last quarter. 67.73% of the stock is owned by institutional investors.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple introduced the $1,999 iPhone Duo, its first foldable smartphone, alongside the iPhone 18 Pro and Pro Max. Analysts say the new form factor could stimulate upgrades, expand ecosystem engagement and eventually represent a meaningful portion of iPhone revenue. How Wall Street viewed Apple’s foldable iPhone
• Positive Sentiment: Several analysts remained constructive after the launch. TD Cowen reiterated a Buy rating with a $400 price target, while Citi maintained its Buy rating and a $365 target. Gene Munster said the Duo could ultimately account for about 10% of iPhone sales, and Dan Ives suggested it could generate up to 20% of iPhone revenue. TD Cowen reiterates Buy on Apple
• Positive Sentiment: The launch also included upgraded Siri AI capabilities, Apple Watch Series 12 and Ultra 4 health features, AirPods 5 and a new C2 modem that reduces reliance on Qualcomm. Apple gained even as broader markets faced pressure from rising oil prices and Treasury yields, suggesting the product event was a meaningful company-specific catalyst. Apple unveils foldable iPhone and pricier iPhone 18 Pro
• Neutral Sentiment: Wall Street remains divided. Bank of America kept its Buy rating but lowered its price target to $370, while Rosenblatt maintained Neutral with a $303 target. The disagreement reflects uncertainty over demand for an expensive foldable device and the strength of the overall iPhone 18 cycle. Apple’s iPhone Duo came too cheap for Wall Street
• Negative Sentiment: Apple raised iPhone Pro prices by $100, but memory and other component costs are also climbing. Investors worry that higher costs could offset pricing benefits and pressure margins, particularly during the initial foldable ramp. Apple raised iPhone Pro prices as memory costs rise
• Negative Sentiment: Investors still view Apple’s AI strategy as unfinished, and early commentary questioned whether the Duo’s premium price, supply-chain complexity and potential overlap with iPad demand will limit adoption. Broader macroeconomic pressure from oil and higher interest rates could also restrain technology valuations.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AAPL. Weiss Ratings upgraded Apple from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, August 3rd. Piper Sandler initiated coverage on Apple in a report on Monday, August 17th. They set an “overweight” rating on the stock. Oppenheimer reiterated a “market perform” rating on shares of Apple in a research report on Thursday. Morgan Stanley reissued an “overweight” rating and issued a $360.00 price target on shares of Apple in a report on Wednesday, September 2nd. Finally, Evercore restated an “outperform” rating on shares of Apple in a research report on Tuesday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $331.26.

Apple Company Profile

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.