Wagner Wealth Management Corp Sells 2,110 Shares of Apple Inc. $AAPL

Wagner Wealth Management Corp lessened its stake in shares of Apple Inc. (NASDAQ:AAPL) by 29.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,940 shares of the iPhone maker’s stock after selling 2,110 shares during the period. Wagner Wealth Management Corp’s holdings in Apple were worth $1,645,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Redstone Wealth Management LLC boosted its stake in Apple by 3.0% during the third quarter. Redstone Wealth Management LLC now owns 2,199 shares of the iPhone maker’s stock worth $732,000 after buying an additional 65 shares during the period. Petredis Investment Advisors LLC increased its position in Apple by 0.3% during the third quarter. Petredis Investment Advisors LLC now owns 206,003 shares of the iPhone maker’s stock valued at $68,603,000 after acquiring an additional 557 shares during the last quarter. Lakeshore Capital Group Inc. raised its stake in shares of Apple by 6.0% in the third quarter. Lakeshore Capital Group Inc. now owns 12,977 shares of the iPhone maker’s stock valued at $4,322,000 after acquiring an additional 738 shares during the period. Randall & Associates Wealth Management raised its stake in shares of Apple by 16.8% in the third quarter. Randall & Associates Wealth Management now owns 5,549 shares of the iPhone maker’s stock valued at $1,848,000 after acquiring an additional 800 shares during the period. Finally, Arbor Wealth Management LLC AZ raised its stake in shares of Apple by 20.2% in the third quarter. Arbor Wealth Management LLC AZ now owns 958 shares of the iPhone maker’s stock valued at $319,000 after acquiring an additional 161 shares during the period. 67.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AAPL. Piper Sandler began coverage on shares of Apple in a research note on Monday, August 17th. They set an “overweight” rating for the company. Moffett Nathanson set a $283.00 price target on shares of Apple and gave the company a “neutral” rating in a report on Tuesday, October 20th. Loop Capital lowered shares of Apple from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $370.00 to $330.00 in a research report on Tuesday, October 20th. The Goldman Sachs Group set a $380.00 price objective on shares of Apple in a research note on Wednesday. Finally, DZ Bank downgraded shares of Apple from a “hold” rating to a “sell” rating and set a $300.00 price objective for the company. in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, thirteen have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $343.74.

Apple Trading Down 0.5%

Shares of AAPL traded down $1.80 during trading hours on Friday, reaching $342.37. 44,660,992 shares of the company traded hands, compared to its average volume of 41,928,536. The firm has a market cap 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 12-month low of $243.42 and a 12-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. The stock’s fifty day moving average price is $336.01 and its 200 day moving average price is $298.50.

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

Apple Dividend Announcement

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

Insider Buying and Selling

In other Apple news, insider Ben Borders sold 1,280 shares of the firm’s stock in a transaction on Friday, October 16th. The stock was sold at an average price of $345.40, for a total transaction of $442,112.00. Following the transaction, the insider directly owned 38,288 shares in the company, valued at $13,224,675.20. This trade represents a 3.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO John Ternus sold 25,412 shares of Apple stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $332.94, for a total value of $8,460,671.28. Following the sale, the chief executive officer directly owned 59,567 shares of the company’s stock, valued at approximately $19,832,236.98. This trade 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. Insiders sold 291,651 shares of company stock worth $97,082,537 over the last 90 days. Corporate insiders own 0.06% of the company’s stock.

More Apple News

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.