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

Apple Inc. (NASDAQ:AAPL) SVP Jennifer Newstead sold 2,399 shares of the business’s stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $343.36, for a total transaction of $823,720.64. Following the completion of the transaction, the senior vice president owned 32,396 shares of the company’s stock, valued at approximately $11,123,490.56. This represents a 6.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 transaction 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 transaction 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 transaction 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 transaction 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 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 transaction 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 transaction 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 transaction of $442,478.11.

Apple Stock Performance

NASDAQ:AAPL opened at $348.91 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. The stock has a market capitalization of $5.09 trillion, a PE ratio of 40.01, a P/E/G ratio of 2.72 and a beta of 1.07. Apple Inc. has a fifty-two week low of $243.42 and a fifty-two week high of $351.73. The company has a fifty day moving average of $332.37 and a two-hundred day moving average of $295.96.

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. As a group, research analysts forecast that Apple Inc. will post 8.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Apple

A number of large investors have recently made changes to their positions in AAPL. Prospect Hill Management LLC purchased a new position in Apple during the 2nd quarter worth $146,370,000. Focus Partners Advisor Solutions LLC acquired a new stake in shares of Apple in the 2nd quarter worth $168,646,000. Wealthfront Advisers LLC purchased a new stake in shares of Apple in the second quarter valued at about $482,388,000. Satovsky Asset Management LLC purchased a new stake in shares of Apple in the second quarter valued at about $16,064,000. Finally, Gouws Capital LLC boosted its holdings in shares of Apple by 136.9% in the third quarter. Gouws Capital LLC now owns 37,504 shares of the iPhone maker’s stock valued at $12,490,000 after acquiring an additional 21,676 shares in the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Analysts remain optimistic ahead of earnings, citing strong demand for Apple’s new iPhone Duo, continued Services growth and potential AI-related momentum. Options activity also points to expectations for a post-earnings rally. Apple’s Q4 Earnings Loom
• Positive Sentiment: Goldman Sachs reaffirmed its Buy rating, while Monness raised its price target to $355. Apple is also attracting attention as it approaches Nvidia in market capitalization, with revenue growth described as its fastest in about five years. Apple Stock Heads Toward All-Time High
• Positive Sentiment: Apple launched its first touchscreen MacBook Pro, featuring OLED displays and M5 Pro and M5 Max chips. The move expands the Mac product cycle and could support higher average selling prices, despite the premium starting price. Apple Shows First Touchscreen Laptops
• Neutral Sentiment: Forty-seven exchange-traded funds added to their Apple holdings, indicating continued institutional demand, although the purchases do not necessarily signal near-term changes in fundamentals. 47 ETFs Add to Apple Holdings
• Negative Sentiment: Investors face margin and valuation concerns. AI-driven flash-memory demand has sharply increased component costs, while Apple’s roughly 40-times earnings multiple leaves limited room for disappointing guidance. AI Has Made Flash Memory More Expensive
• Negative Sentiment: South Korea fined Apple and Google a combined $47.6 million over alleged unfair app-payment practices. Early reports of cracked iPhone Duo screens and an executive stock sale add smaller sources of investor caution. South Korea Fines Google and Apple

Wall Street Analysts Forecast Growth

AAPL has been the topic of a number of research analyst reports. Piper Sandler assumed coverage on Apple in a research note on Monday, August 17th. They issued an “overweight” rating on the stock. Morgan Stanley reissued an “overweight” rating on shares of Apple in a research note on Wednesday, October 21st. Deutsche Bank Aktiengesellschaft lowered Apple from a “buy” rating to a “hold” rating in a report on Monday, August 17th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $303.00 target price on shares of Apple in a research note on Thursday, September 10th. Finally, Loop Capital lowered shares of Apple from a “buy” rating to a “hold” rating and dropped their target price for the stock from $370.00 to $330.00 in a report on Tuesday, October 20th. One analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Apple has an average rating of “Moderate Buy” and a consensus target price of $340.59.

About Apple

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.