Apple (NASDAQ:AAPL) CFO Kevan Parekh Sells 1,534 Shares of Stock

Apple Inc. (NASDAQ:AAPL) CFO Kevan Parekh sold 1,534 shares of the stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $275.00, for a total value of $421,850.00. Following the transaction, the chief financial officer owned 13,366 shares of the company’s stock, valued at approximately $3,675,650. This trade represents a 10.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Apple Price Performance

Shares of AAPL opened at $267.50 on Tuesday. The stock has a market capitalization of $3.93 trillion, a P/E ratio of 33.82, a P/E/G ratio of 2.47 and a beta of 1.11. Apple Inc. has a twelve month low of $193.25 and a twelve month high of $288.62. The company has a 50 day moving average of $260.26 and a 200-day moving average of $264.76. The company has a quick ratio of 0.94, a current ratio of 0.97 and a debt-to-equity ratio of 0.87.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, January 29th. The iPhone maker reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.67 by $0.17. The company had revenue of $143.76 billion during the quarter, compared to analysts’ expectations of $138.25 billion. Apple had a net margin of 27.04% and a return on equity of 159.94%. The business’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period last year, the business earned $2.40 EPS. As a group, equities research analysts forecast that Apple Inc. will post 8.52 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Monday, February 9th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, February 9th. Apple’s dividend payout ratio (DPR) is currently 13.15%.

Hedge Funds Weigh In On Apple

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Koshinski Asset Management Inc. grew its holdings in Apple by 1.0% during the first quarter. Koshinski Asset Management Inc. now owns 166,814 shares of the iPhone maker’s stock worth $42,302,000 after purchasing an additional 1,711 shares during the period. Geremia Financial Services LLC grew its holdings in Apple by 0.9% during the first quarter. Geremia Financial Services LLC now owns 39,590 shares of the iPhone maker’s stock worth $10,048,000 after purchasing an additional 341 shares during the period. Beacon Financial Advisory LLC grew its holdings in Apple by 2.4% during the first quarter. Beacon Financial Advisory LLC now owns 35,881 shares of the iPhone maker’s stock worth $9,106,000 after purchasing an additional 845 shares during the period. Tanglewood Legacy Advisors LLC grew its holdings in Apple by 8.6% during the first quarter. Tanglewood Legacy Advisors LLC now owns 16,844 shares of the iPhone maker’s stock worth $4,275,000 after purchasing an additional 1,331 shares during the period. Finally, Evolution Wealth Management Inc. grew its holdings in Apple by 43.9% during the first quarter. Evolution Wealth Management Inc. now owns 5,782 shares of the iPhone maker’s stock worth $1,467,000 after purchasing an additional 1,764 shares during the period. Institutional investors own 67.73% of the company’s stock.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Company guidance and margin outlook remain constructive — Wall Street previews show Apple expecting ~13%–16% revenue growth and healthy gross margins for fiscal Q2, which supports the case for another beat when results arrive. Should You Buy, Sell, or Hold AAPL Stock Before Q2 Earnings?
• Positive Sentiment: iPhone momentum and supply-chain moves are boosting market share — reports note Apple claimed the top global smartphone spot in the March quarter, providing revenue upside and evidence the hardware cycle isn’t dead. Apple is defying a global smartphone slump
• Neutral Sentiment: Leadership change is front‑and‑center — John Ternus will become CEO in September; investors are parsing his product-first background and focus on services/AI as both an opportunity and a source of near-term uncertainty. Execution under new leadership will matter for sentiment but is a longer-term story. John Ternus, Apple’s new CEO, inherits a rebounding China business—and some messy headaches
• Neutral Sentiment: Big Tech earnings week and AI monetization themes raise expectations — analysts expect AI to drive cloud/ad/product revenue; that raises the bar for Apple to show credible AI product/monetization progress. Big Tech faces key earnings test on AI spending and cloud growth
• Negative Sentiment: Competitor moves (Qualcomm + OpenAI) spooked investors — reports that OpenAI is working with Qualcomm/MediaTek on AI-first smartphone chips lifted Qualcomm and raised fears Apple could lose an edge if it doesn’t move faster on on‑device AI. That rotation into chipmakers pressured AAPL sentiment today. Could This New AI Smartphone Compete With Apple? Qualcomm Shares Rise
• Negative Sentiment: Mounting narrative that Apple is lagging on AI execution — commentary and analyst pieces arguing Apple needs an AI breakthrough (and could be slow to integrate third‑party innovations) are feeding investor caution ahead of earnings. Apple Is Falling Behind in AI. Will a New CEO Revive Apple Stock?

Analyst Ratings Changes

AAPL has been the subject of several analyst reports. Maxim Group upgraded Apple from a “hold” rating to a “buy” rating and set a $300.00 price objective for the company in a report on Friday, January 30th. Raymond James Financial restated a “market perform” rating on shares of Apple in a report on Friday, January 2nd. The Goldman Sachs Group restated a “buy” rating on shares of Apple in a report on Monday, March 2nd. Wedbush restated an “outperform” rating and issued a $350.00 price objective on shares of Apple in a report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. raised their price objective on Apple from $315.00 to $325.00 and gave the company an “overweight” rating in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $303.06.

About Apple

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.