Manchester Capital Management LLC Sells 4,175 Shares of Apple Inc. $AAPL

Manchester Capital Management LLC trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.7% during the third quarter, Holdings Channel reports. The firm owned 244,427 shares of the iPhone maker’s stock after selling 4,175 shares during the quarter. Apple comprises 11.0% of Manchester Capital Management LLC’s portfolio, making the stock its 2nd largest holding. Manchester Capital Management LLC’s holdings in Apple were worth $81,399,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. State Street Corp raised its stake in Apple by 4.7% during the second quarter. State Street Corp now owns 630,662,494 shares of the iPhone maker’s stock worth $182,897,769,000 after acquiring an additional 28,321,085 shares during the period. Berkshire Hathaway Inc bought a new position in Apple in the second quarter worth about $65,950,297,000. Bank of America Corp DE acquired a new position in Apple in the second quarter valued at approximately $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. Finally, Amundi boosted its stake in Apple by 23.2% in the first quarter. Amundi now owns 73,082,616 shares of the iPhone maker’s stock valued at $18,547,637,000 after acquiring an additional 13,780,080 shares during the period. 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 dated Tuesday, October 6th. The shares were sold at an average price of $332.01, for a total value of $796,491.99. Following the completion of the sale, the senior vice president owned 39,593 shares of the company’s stock, valued at $13,145,271.93. This represents a 5.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Deirdre O’brien sold 46,389 shares of the company’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $333.42, for a total transaction of $15,467,020.38. Following the completion of the sale, the senior vice president directly owned 136,810 shares of the company’s stock, valued at $45,615,190.20. The trade was a 25.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 292,611 shares of company stock valued at $97,482,597 over the last three months. 0.06% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on AAPL. China Renaissance raised Apple from a “hold” rating to a “buy” rating and set a $425.00 target price for the company in a report on Wednesday. Guggenheim set a $400.00 price target on Apple in a report on Tuesday, November 3rd. DA Davidson boosted their price objective on Apple from $270.00 to $295.00 and gave the company a “neutral” rating in a research report on Tuesday, November 3rd. BTIG Research started coverage on Apple in a research report on Monday, August 17th. They set a “neutral” rating for the company. 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 equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, twelve have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $347.11.

Top Apple Stories

Here are a few of the latest stories about AAPL:

• Positive Sentiment: Apple recently reached a record high, with one analyst describing the stock as a “safe haven” amid market turmoil. CIBC also included AAPL among its post-election stock picks. Apple Stock Called ‘Safe Haven,’ Hits Record High
• Positive Sentiment: China Renaissance upgraded Apple to Buy from Hold and set a $425 price target, citing potential from the first foldable iPhone. Coverage also points to strong interest in the new iPhone lineup as a possible catalyst for continued growth. Apple stock gains as analyst sets a $425 target
• Negative Sentiment: Some analysts and investors view AAPL as expensive after its strong run, while recent coverage shows disagreement on the outlook, including a DZ Bank downgrade to Sell. Rich valuation leaves less room for disappointment. Apple Shares Look Expensive Heading into 2027

Apple Stock Down 0.2%

AAPL opened at $354.88 on Friday. Apple Inc. has a 12 month low of $243.42 and a 12 month high of $359.37. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.02 and a quick ratio of 0.94. The stock has a market cap of $5.16 trillion, a P/E ratio of 39.56, a P/E/G ratio of 3.42 and a beta of 1.07. The stock’s 50 day moving average price is $338.48 and its 200 day moving average price is $300.56.

Apple (NASDAQ:AAPL) last announced its earnings results on Monday, November 2nd. The iPhone maker reported $2.10 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.11. Apple had a return on equity of 125.35% and a net margin of 27.60%. The firm had revenue of $114.48 billion for the quarter, compared to the consensus estimate of $113.40 billion. During the same quarter in the previous year, the business earned $1.85 EPS. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, research analysts predict that Apple Inc. will post 9.45 earnings per share for the current year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Thursday, November 12th will be paid 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 is presently 12.04%.

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.