Apple Inc. $AAPL Shares Sold by Robbins Farley

Robbins Farley trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 14.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,887 shares of the iPhone maker’s stock after selling 2,809 shares during the period. Apple comprises approximately 2.0% of Robbins Farley’s investment portfolio, making the stock its 18th largest holding. Robbins Farley’s holdings in Apple were worth $5,624,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sterling Wealth Management Inc. raised its position in Apple by 0.3% in the second quarter. Sterling Wealth Management Inc. now owns 11,579 shares of the iPhone maker’s stock worth $3,351,000 after acquiring an additional 30 shares during the period. Thor Investment Management Inc. OH ADV boosted its stake in Apple by 1.6% in the third quarter. Thor Investment Management Inc. OH ADV now owns 1,912 shares of the iPhone maker’s stock valued at $637,000 after acquiring an additional 30 shares during the last quarter. Evansbrook LLC boosted its stake in Apple by 0.4% in the first quarter. Evansbrook LLC now owns 8,095 shares of the iPhone maker’s stock valued at $2,054,000 after acquiring an additional 34 shares during the last quarter. JMG Financial Group Ltd. grew its position in shares of Apple by 0.7% during the 1st quarter. JMG Financial Group Ltd. now owns 5,102 shares of the iPhone maker’s stock valued at $1,295,000 after acquiring an additional 35 shares during the period. Finally, Wealth Forward LLC grew its position in shares of Apple by 0.3% during the 3rd quarter. Wealth Forward LLC now owns 13,327 shares of the iPhone maker’s stock valued at $4,438,000 after acquiring an additional 35 shares during the period. 67.73% of the stock is owned by hedge funds and other institutional investors.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $342.37 on Friday. The firm has a market capitalization of $4.98 trillion, a PE ratio of 38.17, a P/E/G ratio of 3.21 and a beta of 1.07. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 0.61. The company has a 50-day moving average price of $336.01 and a two-hundred day moving average price of $298.50. Apple Inc. has a twelve month low of $243.42 and a twelve month high of $355.38.

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

Apple Announces Dividend

The firm also recently disclosed 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 yield of 0.3%. Apple’s dividend payout ratio (DPR) is 12.04%.

Insider Buying and Selling at Apple

In related news, insider Timothy Cook sold 191,753 shares of Apple stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $332.96, for a total value of $63,846,078.88. Following the completion of the transaction, the insider directly owned 3,264,168 shares in the company, valued at approximately $1,086,837,377.28. The trade was a 5.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Deirdre O’brien sold 46,389 shares of the business’s stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $333.42, for a total transaction of $15,467,020.38. Following the sale, the senior vice president directly owned 136,810 shares in the company, valued at $45,615,190.20. The trade was a 25.32% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 291,651 shares of company stock valued at $97,082,537 over the last 90 days. 0.06% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

AAPL has been the subject of several research analyst reports. JPMorgan Chase & Co. decreased their price target on shares of Apple from $360.00 to $355.00 and set an “overweight” rating for the company in a research note on Tuesday, November 3rd. Citic Securities upped their price objective on Apple from $300.00 to $349.00 in a research note on Thursday, August 6th. HSBC reissued a “buy” rating on shares of Apple in a report on Tuesday, October 27th. Rosenblatt Securities reissued a “neutral” rating and issued a $303.00 target price on shares of Apple in a research report on Tuesday, November 3rd. Finally, Bank of America restated a “buy” rating and issued a $370.00 target price on shares of Apple in a research note on Wednesday, September 23rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, thirteen have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $343.74.

Apple News Roundup

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

About Apple

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.