Apple Inc. $AAPL Stock Sold by Investors Research Corp

Investors Research Corp lowered its position in Apple Inc. (NASDAQ:AAPL) by 12.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,539 shares of the iPhone maker’s stock after selling 1,695 shares during the period. Investors Research Corp’s holdings in Apple were worth $3,843,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AAPL. State Street Corp raised its holdings in shares of Apple by 4.7% during the 2nd quarter. State Street Corp now owns 630,662,494 shares of the iPhone maker’s stock valued at $182,897,769,000 after purchasing an additional 28,321,085 shares in the last quarter. Berkshire Hathaway Inc acquired a new stake in shares of Apple in the 2nd quarter valued at $65,950,297,000. Bank of America Corp DE acquired a new stake in shares of Apple in the 2nd quarter valued at $36,986,090,000. Legal & General Group Plc bought a new stake in Apple in the second quarter worth $30,443,242,000. Finally, Amundi boosted its holdings in Apple by 23.2% in the first quarter. Amundi now owns 73,082,616 shares of the iPhone maker’s stock worth $18,547,637,000 after purchasing an additional 13,780,080 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Insiders Place Their Bets

In other Apple news, SVP Deirdre O’brien sold 46,389 shares of the firm’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $333.42, for a total value of $15,467,020.38. Following the sale, the senior vice president owned 136,810 shares of the company’s stock, valued at $45,615,190.20. This trade represents a 25.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 2,399 shares of Apple stock in a transaction that occurred on Tuesday, October 13th. The stock was sold at an average price of $345.00, for a total value of $827,655.00. Following the completion of the transaction, the senior vice president directly owned 37,194 shares in the company, valued at approximately $12,831,930. This represents a 6.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 281,782 shares of company stock worth $93,740,172 in the last 90 days. 0.06% of the stock is owned by company insiders.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple and Meta Platforms are collaborating to let developers run Meta’s large Muse AI model locally on high-end Mac computers. The partnership could strengthen the Mac’s appeal for AI workloads while reducing reliance on cloud computing. Apple and Meta team up to make Muse AI model run on Mac computers
• Positive Sentiment: Apple’s first foldable iPhone, the 7.6-inch iPhone Duo, begins preorders Friday. A successful launch could open a new premium product category and support revenue growth, although its high price makes demand uncertain. iPhone Duo preorders begin Friday
• Positive Sentiment: Apple recently closed above a $5 trillion market capitalization, reinforcing investor confidence and highlighting the stock’s recent momentum. Reports also indicate Apple Intelligence may finally launch in mainland China in December, expanding the potential user base. Apple tops $5 trillion valuation
• Neutral Sentiment: The China AI rollout is reportedly limited and may exclude the upgraded Siri and Genmoji features, making the launch strategically important but less compelling than a full-featured release. Apple Intelligence in China
• Negative Sentiment: Analysts and commentators remain concerned that Apple is spending less on AI than rivals and could fall behind in advanced assistants, while the stock’s elevated valuation leaves less room for execution disappointments. Reported iPhone 18 Pro component-order reductions add to demand concerns. Apple reportedly cuts iPhone 18 orders
• Negative Sentiment: Apple is challenging a $5.7 billion damages ruling in a patent case, while OpenAI alleges that a former employee who joined Apple took confidential information about an unreleased device. Both matters create potential financial and reputational risk. Apple challenges Taction damages ruling
• Negative Sentiment: Senior Vice President Jennifer Newstead sold 2,399 Apple shares for approximately $828,000. The transaction is relatively small compared with Apple’s market value, but insider selling can add modest short-term pressure.

Wall Street Analyst Weigh In

Several equities analysts have commented on AAPL shares. Needham & Company LLC reissued a “hold” rating on shares of Apple in a research report on Thursday, October 1st. Seaport Research Partners cut Apple from a “buy” rating to a “neutral” rating in a research report on Monday, August 17th. Oppenheimer reiterated a “market perform” rating on shares of Apple in a research note on Thursday, September 10th. China Renaissance downgraded Apple from a “buy” rating to a “hold” rating and decreased their price target for the stock from $329.00 to $280.00 in a research note on Tuesday, August 4th. Finally, Robert W. Baird increased their price objective on Apple from $310.00 to $330.00 and gave the company an “outperform” rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Apple has an average rating of “Moderate Buy” and a consensus target price of $340.39.

Apple Stock Down 0.3%

AAPL stock opened at $342.00 on Friday. The stock has a market capitalization of $4.99 trillion, a price-to-earnings ratio of 39.22, a price-to-earnings-growth ratio of 2.73 and a beta of 1.07. The company has a 50-day moving average of $325.23 and a two-hundred day moving average of $305.90. Apple Inc. has a 52-week low of $243.42 and a 52-week high of $348.15. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.13. The business had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.57 earnings per share. As a group, equities research analysts anticipate that Apple Inc. will post 8.75 EPS for the current year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were paid 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 dividend payout ratio is presently 12.39%.

About Apple

Apple Inc is a technology company that designs, develops and markets 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 software platforms, including iOS, macOS, iPadOS, watchOS and visionOS.

Apple’s services business includes the App Store, Apple Music, Apple TV+, Apple Arcade, Apple News+, Apple Fitness+ and iCloud.