Apple (NASDAQ:AAPL) CFO Sells $480,309.60 in Stock

Apple Inc. (NASDAQ:AAPL) CFO Kevan Parekh sold 1,392 shares of the stock in a transaction on Friday, October 16th. The shares were sold at an average price of $345.05, for a total value of $480,309.60. Following the completion of the sale, the chief financial officer directly owned 17,539 shares of the company’s stock, valued at $6,051,831.95. The trade was a 7.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $343.99 on Thursday. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. The stock has a market cap of $5.02 trillion, a PE ratio of 39.45, a price-to-earnings-growth ratio of 2.69 and a beta of 1.07. The stock’s fifty day simple moving average is $328.05 and its two-hundred day simple moving average is $308.42. Apple Inc. has a 1-year low of $243.42 and a 1-year high of $348.15.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. During the same quarter in the prior year, the business posted $1.57 EPS. The business’s revenue was up 16.4% compared to the same quarter last year. As a group, analysts forecast that Apple Inc. will post 8.75 EPS for the current fiscal year.

Apple Dividend Announcement

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

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Strong iPhone Duo demand: Apple said only limited quantities of its $1,999 foldable iPhone Duo will be available for walk-in customers when it launches October 23. Online orders reportedly sold out within minutes, with some delivery estimates extending into January 2027. The demand signals support premium pricing and could make the new product a meaningful revenue catalyst. Apple will have limited iPhone Duo units available in stores
• Positive Sentiment: Upcoming product catalyst: Apple’s October 28 event is expected to feature new Pro Macs, potentially including a touchscreen MacBook Pro and M6-powered systems. A successful launch could strengthen expectations for renewed Mac growth and broaden Apple’s hardware lineup. Apple product event scheduled for October 28
• Positive Sentiment: Expansion and ecosystem support: Apple’s India business reportedly delivered 31% revenue growth and 66% profit growth in fiscal 2026. Separately, Apple Wallet car-key support is expanding to selected General Motors vehicles, extending the reach of Apple’s services ecosystem.
• Neutral Sentiment: Supply-chain investment: Apple plans to commit up to $100 million to a U.S. titanium supplier over three years. The move may improve domestic sourcing and support iPhone Duo production, but it also highlights manufacturing constraints and does not immediately change earnings expectations. Apple commits to U.S. titanium manufacturing
• Neutral Sentiment: Insider selling: Two Apple insiders sold shares, with at least one transaction identified as covering tax withholding on vested equity awards. The sales are relatively small and do not clearly indicate weakening confidence.
• Negative Sentiment: Downgrade and valuation concerns: Loop Capital cut AAPL to Hold and lowered its price target to $330, citing weaker iPhone shipment expectations. UBS also warned that rising memory and component costs could pressure gross margins ahead of the November 2 earnings report. With Apple trading at roughly 39 times earnings and near its annual high, investors may demand stronger growth to justify the premium valuation. Loop Capital downgrades Apple on iPhone concerns
• Negative Sentiment: Regulatory risk: UK competition regulators are proposing easier access for rival contactless payment services on the iPhone, which could increase competition for Apple Pay and modestly weaken the services ecosystem.

Institutional Trading of Apple

A number of large investors have recently bought and sold shares of AAPL. Sterling Wealth Management Inc. boosted its holdings in shares of Apple by 0.3% in the second quarter. Sterling Wealth Management Inc. now owns 11,579 shares of the iPhone maker’s stock worth $3,351,000 after acquiring an additional 30 shares during the period. Thor Investment Management Inc. OH ADV boosted its holdings in shares of Apple by 1.6% in the 3rd quarter. Thor Investment Management Inc. OH ADV now owns 1,912 shares of the iPhone maker’s stock worth $637,000 after purchasing an additional 30 shares in the last quarter. Evansbrook LLC grew its position 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 acquiring an additional 34 shares during the last quarter. JMG Financial Group Ltd. grew its holdings in shares of Apple by 0.7% during the 1st quarter. JMG Financial Group Ltd. now owns 5,102 shares of the iPhone maker’s stock valued at $1,295,000 after purchasing an additional 35 shares during the last quarter. Finally, Wealth Forward LLC grew its stake in shares of Apple by 0.3% during the third quarter. Wealth Forward LLC now owns 13,327 shares of the iPhone maker’s stock valued at $4,438,000 after buying an additional 35 shares during the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on AAPL. KeyCorp reaffirmed an “underweight” rating on shares of Apple in a research report on Thursday, October 15th. BTIG Research began coverage on Apple in a research report on Monday, August 17th. They issued a “neutral” rating on the stock. UBS Group reissued a “neutral” rating on shares of Apple in a research report on Tuesday, October 6th. Bank of America restated a “buy” rating and issued a $370.00 price objective on shares of Apple in a research note on Wednesday, September 23rd. Finally, Loop Capital lowered Apple from a “buy” rating to a “hold” rating and decreased their target price for the company from $370.00 to $330.00 in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $340.12.

Apple Company Profile

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.