Apple Inc. $AAPL Stock: Yardley Wealth Management LLC Boosts Position

Yardley Wealth Management LLC increased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 151.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,080 shares of the iPhone maker’s stock after acquiring an additional 2,458 shares during the period. Apple makes up approximately 0.6% of Yardley Wealth Management LLC’s portfolio, making the stock its 20th biggest holding. Yardley Wealth Management LLC’s holdings in Apple were worth $1,359,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AAPL. Sterling Wealth Management Inc. increased its holdings in shares of Apple by 0.3% in the 2nd quarter. Sterling Wealth Management Inc. now owns 11,579 shares of the iPhone maker’s stock valued at $3,351,000 after purchasing an additional 30 shares in the last quarter. Thor Investment Management Inc. OH ADV lifted its stake in shares of 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 purchasing an additional 30 shares during the period. Evansbrook LLC lifted its stake in shares of 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 purchasing an additional 34 shares during the period. JMG Financial Group Ltd. boosted its holdings in Apple by 0.7% during the first quarter. JMG Financial Group Ltd. now owns 5,102 shares of the iPhone maker’s stock worth $1,295,000 after buying an additional 35 shares in the last quarter. Finally, Wealth Forward LLC boosted its holdings in Apple by 0.3% during the third quarter. Wealth Forward LLC now owns 13,327 shares of the iPhone maker’s stock worth $4,438,000 after buying an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling

In related news, SVP Deirdre O’brien sold 46,389 shares of the company’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 approximately $45,615,190.20. This represents a 25.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Timothy Cook sold 191,753 shares of the stock in a transaction 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 sale, the insider owned 3,264,168 shares in the company, valued at approximately $1,086,837,377.28. This trade represents a 5.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 292,611 shares of company stock valued at $97,482,597. 0.06% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AAPL. BTIG Research started coverage on shares of Apple in a report on Monday, August 17th. They issued a “neutral” rating for the company. Daiwa Securities Group boosted their price target on Apple from $325.00 to $335.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 11th. HSBC restated a “buy” rating on shares of Apple in a report on Tuesday, October 27th. Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $355.00 price objective on shares of Apple in a research note on Wednesday, October 28th. Finally, Loop Capital cut 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 report on Tuesday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $347.11.

Top Apple Stories

Here are a few of the latest stories about AAPL:

• Positive Sentiment: Bernstein cited Apple’s relatively defensive business as a safe haven amid an AI-sector selloff, helping attract investors as Nvidia weakness put pressure on technology stocks. Apple stock gains as Bernstein highlights safe-haven appeal
• Neutral Sentiment: HomeView is not launching in the EU because Siri AI is unavailable there, and early coverage has questioned Siri’s readiness. This could constrain the device’s initial reach and reception. HomeView launch coverage
• Negative Sentiment: Valuation remains a key risk: analysts have warned Apple trades at a premium, and views are divided, including a DZ Bank downgrade to Sell. A senior vice president also continued a pattern of scheduled share sales, a modest potential overhang. Apple valuation analysis

Apple Price Performance

NASDAQ:AAPL traded up $1.39 during mid-day trading on Friday, hitting $356.27. 39,967,159 shares of the company’s stock traded hands, compared to its average volume of 48,203,272. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.94 and a current ratio of 1.02. The company has a market cap of $5.18 trillion, a PE ratio of 39.72, a price-to-earnings-growth ratio of 3.41 and a beta of 1.07. The firm’s 50 day simple moving average is $339.04 and its 200 day simple moving average is $301.05. Apple Inc. has a 1 year low of $243.42 and a 1 year high of $360.83.

Apple (NASDAQ:AAPL) last announced 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 the consensus estimate of $113.40 billion. Apple had a net margin of 27.60% and a return on equity of 125.35%. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.85 earnings per share. Sell-side analysts expect that Apple Inc. will post 9.45 EPS for the current year.

Apple Dividend Announcement

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 dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Thursday, November 12th. Apple’s payout ratio is currently 12.04%.

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.