Apple Inc. $AAPL Stock Holdings Lessened by TradeWell Securities LLC.

TradeWell Securities LLC. reduced its holdings in Apple Inc. (NASDAQ:AAPL) by 2.6% during the 3rd quarter, Holdings Channel reports. The fund owned 146,206 shares of the iPhone maker’s stock after selling 3,865 shares during the quarter. Apple makes up approximately 16.5% of TradeWell Securities LLC.’s portfolio, making the stock its 2nd biggest position. TradeWell Securities LLC.’s holdings in Apple were worth $48,690,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Fifth Third Securities Inc. acquired a new stake in shares of Apple in the third quarter valued at $669,000. Variant Private Wealth LLC raised its holdings in shares of Apple by 1.1% in the third quarter. Variant Private Wealth LLC now owns 34,539 shares of the iPhone maker’s stock valued at $11,502,000 after buying an additional 369 shares during the last quarter. Atticus Wealth Management LLC lifted its position in Apple by 5.0% during the 3rd quarter. Atticus Wealth Management LLC now owns 51,290 shares of the iPhone maker’s stock worth $17,081,000 after buying an additional 2,447 shares in the last quarter. Bell Bank lifted its position in Apple by 1.1% during the 3rd quarter. Bell Bank now owns 57,778 shares of the iPhone maker’s stock worth $19,241,000 after buying an additional 631 shares in the last quarter. Finally, Innova Wealth Partners lifted its position in Apple by 1.7% during the 3rd quarter. Innova Wealth Partners now owns 9,116 shares of the iPhone maker’s stock worth $3,036,000 after buying an additional 152 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AAPL has been the subject of several research reports. Yorkville Ives started coverage on shares of Apple in a research report on Tuesday, October 6th. They issued an “outperform” rating and a $400.00 price objective for the company. Citigroup reiterated a “buy” rating on shares of Apple in a research report on Thursday, September 10th. Guggenheim set a $400.00 price target on shares of Apple in a research note on Tuesday. Needham & Company LLC reissued a “hold” rating on shares of Apple in a report on Thursday, October 1st. Finally, CICC Research boosted their price objective on shares of Apple from $310.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, thirteen have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $343.74.

Insider Activity at Apple

In other news, SVP Deirdre O’brien sold 46,389 shares of Apple 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 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 dated 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 transaction, the chief executive officer owned 59,567 shares in the company, valued at $19,832,236.98. This trade represents a 29.90% 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. Insiders have sold a total of 291,651 shares of company stock valued at $97,082,537 over the last 90 days. Insiders own 0.06% of the company’s stock.

Apple Price Performance

AAPL opened at $342.37 on Friday. The stock has a market cap of $4.98 trillion, a P/E ratio of 38.17, a P/E/G ratio of 3.21 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 quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 0.61. The company has a fifty day simple moving average of $336.01 and a 200 day simple moving average of $298.50.

Apple (NASDAQ:AAPL) last posted its earnings results on Monday, November 2nd. The iPhone maker reported $2.10 earnings per share for the quarter, topping 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 analyst estimates of $113.40 billion. During the same period in the previous year, the company posted $1.85 earnings per share. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, research analysts expect that Apple Inc. will post 9.68 EPS 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 given a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. Apple’s dividend payout ratio (DPR) is currently 12.04%.

Key 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

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.