Apple Inc. (NASDAQ:AAPL – Get Free Report) SVP Jennifer Newstead sold 1,439 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $307.75, for a total transaction of $442,852.25. Following the completion of the sale, the senior vice president directly owned 40,107 shares of the company’s stock, valued at $12,342,929.25. This represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Apple Trading Up 1.0%
Shares of NASDAQ AAPL traded up $3.01 during midday trading on Thursday, reaching $305.26. The company had a trading volume of 40,290,264 shares, compared to its average volume of 51,009,465. Apple Inc. has a one year low of $223.78 and a one year high of $344.57. 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 firm’s fifty day moving average price is $309.12 and its 200-day moving average price is $284.64. The stock has a market cap of $4.46 trillion, a PE ratio of 35.01, a price-to-earnings-growth ratio of 2.61 and a beta of 1.09.
Apple (NASDAQ:AAPL – Get Free Report) last posted its quarterly 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. The business had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.Apple’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period last year, the company earned $1.57 EPS. On average, equities research analysts anticipate that Apple Inc. will post 8.76 earnings per share for the current year.
Apple Announces Dividend
Apple News Roundup
Here are the key news stories impacting Apple this week:
- Positive Sentiment: Potential $2.2 billion tariff refund: Apple reportedly received one of the largest refunds in a broader $100 billion corporate tariff-refund wave. The payout could support near-term earnings and cash flow, although the benefit may be nonrecurring. S&P 500 Companies Claim First Payouts From $100 Billion Tariff Refund Wave
- Positive Sentiment: Houston manufacturing facility opens: CEO Tim Cook joined Commerce Secretary Howard Lutnick to open Apple’s new advanced manufacturing plant. The facility is expected to produce Mac Mini computers later this year, reinforcing Apple’s U.S. manufacturing and government-relations strategy. Apple’s Tim Cook joined by Howard Lutnick in opening Houston manufacturing plant
- Positive Sentiment: Analyst and AI optimism: A bullish valuation report set a roughly $359 price target, implying meaningful upside from recent levels. Separately, Apple is negotiating pay-per-use content agreements with publishers to improve the rebuilt Siri, potentially strengthening its AI ecosystem and iPhone upgrade appeal. The Lowest-Beta Mega-Cap Just Got a $358 Target Apple in Talks to Pay Publishers to Improve AI-Powered Siri
- Neutral Sentiment: Strong operating backdrop: Apple’s latest reported quarter exceeded consensus EPS and revenue estimates, with revenue rising 16.4% year over year. Investors are nevertheless focused on whether this momentum can continue at the company’s premium valuation.
- Negative Sentiment: Margin and competitive risks: Memory-chip inflation and higher component costs could pressure profitability, while Google’s Pixel 11 launch raises competitive pressure in AI-powered smartphones. Jefferies also recently cut its price target, questioning whether Apple has sufficient product and AI momentum to justify its valuation. Apple Stock’s Biggest Risk Is The Memory Bill, Not Demand
Hedge Funds Weigh In On Apple
A number of institutional investors have recently bought and sold shares of AAPL. Capstone Wealth Management Inc. purchased a new stake in Apple in the second quarter worth about $281,000. D.B. Root & Company LLC purchased a new position in shares of Apple during the 2nd quarter worth approximately $11,464,000. Flavin Financial Services Inc. bought a new position in shares of Apple in the 2nd quarter worth approximately $7,706,000. GSG Advisors LLC bought a new position in shares of Apple in the 2nd quarter worth approximately $25,718,000. Finally, Asset One Wealth Management LLC purchased a new position in shares of Apple in the 2nd quarter valued at approximately $33,851,000. 67.73% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several analysts recently issued reports on the company. Maxim Group reissued a “buy” rating and issued a $350.00 target price (up from $310.00) on shares of Apple in a research note on Tuesday, June 9th. BNP Paribas Exane raised Apple from a “neutral” rating to an “outperform” rating and set a $300.00 price target for the company in a research report on Friday, April 17th. Wells Fargo & Company reiterated an “overweight” rating and issued a $350.00 price objective (up from $310.00) on shares of Apple in a report on Friday, July 31st. China Renaissance lowered Apple from a “buy” rating to a “hold” rating and set a $280.00 price objective on the stock. in a research report on Tuesday, August 4th. Finally, Jefferies Financial Group cut Apple from a “buy” rating to an “underperform” rating and reduced their target price for the company from $285.56 to $263.66 in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, ten have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $328.60.
Check Out Our Latest Stock Report on Apple
Apple Company Profile
Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.
Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.
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