Apple (NASDAQ:AAPL) CFO Kevan Parekh Sells 1,392 Shares of Stock

Apple Inc. (NASDAQ:AAPL) CFO Kevan Parekh sold 1,392 shares of Apple stock in a transaction that occurred 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 in the company, valued at approximately $6,051,831.95. This represents a 7.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Apple Price Performance

Shares of NASDAQ AAPL traded down $0.52 during mid-day trading on Monday, reaching $342.94. The company had a trading volume of 34,535,310 shares, compared to its average volume of 48,554,250. The firm has a market cap of $5.00 trillion, a price-to-earnings ratio of 39.33, a PEG ratio of 2.72 and a beta of 1.07. The business’s 50-day simple moving average is $325.83 and its 200 day simple moving average is $306.58. Apple Inc. has a one year low of $243.42 and a one year high of $348.15. 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 announced its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 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 the consensus estimate of $109.04 billion. During the same period in the previous year, the business earned $1.57 earnings per share. The company’s revenue was up 16.4% on a year-over-year basis. On average, research analysts predict that Apple Inc. will post 8.75 earnings per share for the current fiscal year.

Apple Announces Dividend

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

Institutional Investors Weigh In On Apple

Several hedge funds and other institutional investors have recently made changes to their positions in AAPL. Berkshire Hathaway Inc acquired a new stake in Apple in the second quarter valued at approximately $65,950,297,000. Bank of America Corp DE purchased a new position in shares of Apple during the second quarter worth $36,986,090,000. Legal & General Group Plc acquired a new position in Apple in the second quarter valued at approximately $30,443,242,000. Deutsche Bank AG purchased a new stake in shares of Apple during the 2nd quarter worth about $13,658,359,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Apple during the second quarter valued at $10,588,946,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Preorders for Apple’s $1,999 foldable iPhone Duo reportedly sold out quickly, with delivery estimates extending into January 2027. Analysts described demand as strong, potentially supporting higher iPhone revenue and margins. Apple’s iPhone Duo Demand Soars as Deliveries Stretch Into January 2027
• Positive Sentiment: Bank of America reiterated a Buy rating and a $370 price target, citing robust iPhone Duo demand and Apple’s longer-term artificial-intelligence opportunity. JPMorgan also maintained an Overweight rating and a $360 target. Apple Maintained at Buy With Unchanged $370 Price Target
• Positive Sentiment: Apple announced a “Pro and Tell” event for October 28. Expectations for new Macs, including a possible touchscreen MacBook Pro, could create a near-term product catalyst and reinforce growth in the Mac business. Apple Announces Product Launch Event for Oct. 28
• Neutral Sentiment: Apple is reportedly developing a higher-end HomeView device with a robotic arm that could launch in 2027. The product may expand Apple’s smart-home ecosystem, but it remains an early-stage report. Apple Already Developing Higher-End HomeView
• Negative Sentiment: A KeyBanc survey indicated that consumer intentions to upgrade iPhones over the next year may weaken, despite better early iPhone 18 adoption. The concern is significant because AAPL trades near record highs at an elevated valuation. Apple Stock in Red: Why This Analyst Thinks iPhone Demand Will Weaken
• Negative Sentiment: UK regulators are expected to push Apple to allow alternative default payment services on the iPhone, potentially pressuring Apple Pay-related revenue and its control over the iOS ecosystem. UK Regulator Set to Push Apple to Open iPhone Payment Technology

Wall Street Analyst Weigh In

Several equities analysts recently commented on AAPL shares. Phillip Securities boosted their price objective on shares of Apple from $290.00 to $300.00 and gave the company a “neutral” rating in a research note on Monday, September 14th. Morgan Stanley set a $355.00 price target on Apple and gave the stock an “overweight” rating in a research report on Thursday, October 1st. Deutsche Bank Aktiengesellschaft downgraded Apple from a “buy” rating to a “hold” rating in a report on Monday, August 17th. Citic Securities increased their target price on Apple from $300.00 to $349.00 in a research note on Thursday, August 6th. Finally, Needham & Company LLC restated a “hold” rating on shares of Apple in a research note on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and an average price target of $341.81.

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.