10,909 Apple Inc. $AAPL Shares Sold by Integrated Advisors Network LLC

Integrated Advisors Network LLC trimmed its position in Apple Inc. (NASDAQ:AAPL) by 4.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 227,264 shares of the iPhone maker’s stock after selling 10,909 shares during the period. Apple comprises about 3.5% of Integrated Advisors Network LLC’s portfolio, making the stock its 2nd largest holding. Integrated Advisors Network LLC’s holdings in Apple were worth $75,684,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in AAPL. State Street Corp lifted 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 valued at $182,897,769,000 after buying an additional 28,321,085 shares in the last quarter. Berkshire Hathaway Inc bought a new position in Apple during the second quarter worth about $65,950,297,000. Bank of America Corp DE bought a new position in shares of Apple during the second quarter worth approximately $36,986,090,000. Legal & General Group Plc acquired a new stake in Apple in the second quarter valued at approximately $30,443,242,000. Finally, Amundi lifted its holdings 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 buying an additional 13,780,080 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insider Activity

In other news, insider Ben Borders sold 1,280 shares of the firm’s stock in a transaction on Friday, October 16th. The shares were sold at an average price of $345.40, for a total value of $442,112.00. Following the sale, the insider owned 38,288 shares in the company, valued at approximately $13,224,675.20. This trade represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 stock in a transaction 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 transaction, the senior vice president owned 136,810 shares in the company, valued at $45,615,190.20. The trade was a 25.32% decrease in their position. 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 owned by company insiders.

Apple Trading Down 0.5%

Shares of AAPL stock opened at $342.37 on Friday. The firm has a 50-day moving average price of $336.01 and a 200 day moving average price of $298.50. The company has a market capitalization of $5.00 trillion, a price-to-earnings ratio of 38.17, a PEG ratio of 2.82 and a beta of 1.07. Apple Inc. has a twelve month low of $243.42 and a twelve month high of $355.38. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Monday, November 2nd. The iPhone maker reported $2.10 EPS for the quarter, topping analysts’ consensus estimates of $1.99 by $0.11. Apple had a return on equity of 128.88% and a net margin of 27.60%. The company had revenue of $114.48 billion for the quarter, compared to analyst estimates of $113.40 billion. During the same quarter in the previous year, the firm earned $1.85 earnings per share. The business’s revenue was up 11.7% on a year-over-year basis. Research analysts forecast that Apple Inc. will post 9.70 earnings per share for the current fiscal year.

Apple Announces Dividend

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

Analysts Set New Price Targets

AAPL has been the topic of a number of recent analyst reports. Citic Securities increased their price objective on Apple from $300.00 to $349.00 in a research report on Thursday, August 6th. Needham & Company LLC reissued a “hold” rating on shares of Apple in a report on Thursday, October 1st. Oppenheimer restated a “market perform” rating on shares of Apple in a research note on Thursday, September 10th. Deutsche Bank Aktiengesellschaft cut shares of Apple from a “buy” rating to a “hold” rating in a report on Monday, August 17th. Finally, Loop Capital downgraded shares of Apple from a “buy” rating to a “hold” rating and cut their price target for the company from $370.00 to $330.00 in a report on Tuesday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, thirteen have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $343.74.

Apple Company 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.