2,121 Shares in Apple Inc. $AAPL Bought by Kings Path Partners LLC

Kings Path Partners LLC purchased a new position in Apple Inc. (NASDAQ:AAPL) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,121 shares of the iPhone maker’s stock, valued at approximately $706,000.

Several other institutional investors have also recently added to or reduced their stakes in AAPL. Sterling Wealth Management Inc. increased its position in shares of Apple by 0.3% in the 2nd quarter. Sterling Wealth Management Inc. now owns 11,579 shares of the iPhone maker’s stock worth $3,351,000 after purchasing an additional 30 shares during the last quarter. Thor Investment Management Inc. OH ADV lifted its position in shares of Apple by 1.6% during the third 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 during the last quarter. Evansbrook LLC grew its stake in Apple by 0.4% in the first quarter. Evansbrook LLC now owns 8,095 shares of the iPhone maker’s stock worth $2,054,000 after purchasing an additional 34 shares in the last quarter. JMG Financial Group Ltd. grew its stake in Apple by 0.7% in the first quarter. JMG Financial Group Ltd. now owns 5,102 shares of the iPhone maker’s stock worth $1,295,000 after purchasing an additional 35 shares in the last quarter. Finally, Wealth Forward LLC grew its stake in Apple by 0.3% in the third quarter. Wealth Forward LLC now owns 13,327 shares of the iPhone maker’s stock worth $4,438,000 after purchasing an additional 35 shares in the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Jennifer Newstead sold 2,399 shares of the company’s stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $325.75, for a total transaction of $781,474.25. Following the completion of the transaction, the senior vice president directly owned 29,997 shares in the company, valued at $9,771,522.75. This represents a 7.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John Ternus sold 25,412 shares of the stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $332.94, for a total value of $8,460,671.28. Following the completion of the sale, the chief executive officer directly owned 59,567 shares in the company, valued at $19,832,236.98. This represents a 29.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 291,651 shares of company stock worth $97,082,537. 0.06% of the stock is currently owned by insiders.

Analyst Ratings Changes

AAPL has been the topic of several research reports. Deutsche Bank Aktiengesellschaft cut Apple from a “buy” rating to a “hold” rating in a research note on Monday, August 17th. Jefferies Financial Group reiterated an “underperform” rating on shares of Apple in a research report on Wednesday, September 9th. DA Davidson boosted their price target on Apple from $270.00 to $295.00 and gave the company a “neutral” rating in a report on Tuesday, November 3rd. Moffett Nathanson set a $283.00 price target on Apple and gave the company a “neutral” rating in a research report on Tuesday, October 20th. Finally, Rothschild & Co Redburn set a $400.00 price objective on Apple and gave the stock a “buy” rating in a research note on Monday, August 17th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, thirteen have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and a consensus price target of $343.74.

Apple Price Performance

AAPL opened at $342.37 on Monday. The firm has a market cap of $4.98 trillion, a price-to-earnings ratio of 38.17, a price-to-earnings-growth ratio of 3.22 and a beta of 1.07. Apple Inc. has a fifty-two week low of $243.42 and a fifty-two week high of $355.38. The company’s 50-day moving average price is $336.01 and its 200 day moving average price is $298.50. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.61.

Apple (NASDAQ:AAPL) last issued its earnings results on Monday, November 2nd. The iPhone maker reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $1.99 by $0.11. The company had revenue of $114.48 billion during the quarter, compared to the consensus estimate of $113.40 billion. Apple had a return on equity of 125.35% and a net margin of 27.60%. Apple’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.85 earnings per share. As a group, sell-side analysts expect that Apple Inc. will post 9.68 earnings per share for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Thursday, November 12th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. Apple’s dividend payout ratio (DPR) is 12.04%.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple beat fiscal fourth-quarter earnings and revenue estimates, with solid iPhone and Mac demand. Apple also says more apps optimized for its new foldable iPhone are coming, potentially improving the product’s appeal. Apple earnings beat
• Positive Sentiment: Apple has held up better than many chipmakers amid the AI-stock sell-off, and Bernstein raised its price target to $380 while maintaining a Buy rating. This relative strength may support investor sentiment. Apple holds up amid market weakness
• Neutral Sentiment: Apple is reportedly seeking about $7.5 billion through a bond offering. The financing provides flexibility, though the reports do not specify its use. The company is also limiting some employees’ AI-tool budgets, a move that could help control costs but raises questions about its internal AI investment. Apple bond sale report
• Negative Sentiment: Management warned of unprecedented memory-chip costs and supply constraints heading into the holiday quarter, putting gross margins at risk despite healthy demand. Investors are also weighing slower Services growth and Apple’s premium valuation. Memory costs and supply constraints

Apple Profile

Apple Inc designs, manufactures and markets consumer electronics, software and digital services. Its products include the iPhone, Mac computers, iPad, Apple Watch and AirPods, along with operating systems and applications such as iOS, macOS and iPadOS.

The company also offers services including the App Store, Apple Music, Apple TV+, iCloud and Apple Pay. These products and services are integrated across Apple’s devices and are sold to consumers, businesses and institutions around the world.

Founded in 1976 and headquartered in Cupertino, California, Apple serves customers globally through online and retail stores, wireless carriers and other resellers.