Apple Inc. $AAPL Stake Decreased by Robbins Farley

Robbins Farley trimmed its position in Apple Inc. (NASDAQ:AAPL) by 14.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 16,887 shares of the iPhone maker’s stock after selling 2,809 shares during the period. Apple comprises approximately 2.0% of Robbins Farley’s holdings, making the stock its 18th biggest holding. Robbins Farley’s holdings in Apple were worth $5,624,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of AAPL. Prospect Hill Management LLC bought a new stake in Apple during the second quarter valued at $146,370,000. Focus Partners Advisor Solutions LLC bought a new position in Apple in the 2nd quarter worth about $168,646,000. Wealthfront Advisers LLC bought a new position in Apple in the 2nd quarter worth about $482,388,000. Satovsky Asset Management LLC bought a new position in Apple in the 2nd quarter worth about $16,064,000. Finally, Gouws Capital LLC raised its holdings in shares of Apple by 136.9% in the 3rd quarter. Gouws Capital LLC now owns 37,504 shares of the iPhone maker’s stock valued at $12,490,000 after acquiring an additional 21,676 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AAPL has been the subject of a number of research analyst reports. Phillip Securities downgraded Apple from a “hold” rating to a “moderate sell” rating in a research report on Friday. Maxim Group boosted their price objective on Apple from $350.00 to $380.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Sanford C. Bernstein upped their price objective on shares of Apple from $370.00 to $380.00 and gave the stock a “buy” rating in a research report on Wednesday. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Apple in a research note on Wednesday, September 9th. Finally, Royal Bank Of Canada set a $365.00 target price on shares of Apple in a research report on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, thirteen have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $343.74.

Apple Stock Down 0.5%

AAPL opened at $342.37 on Friday. The stock has a market cap of $4.98 trillion, a PE ratio of 38.17, a P/E/G ratio of 3.21 and a beta of 1.07. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 0.61. Apple Inc. has a 52 week low of $243.42 and a 52 week high of $355.38. The business’s fifty day simple moving average is $336.01 and its 200 day simple moving average is $298.50.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Monday, November 2nd. The iPhone maker reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.11. Apple had a return on equity of 125.35% and a net margin of 27.60%. The business had revenue of $114.48 billion for the quarter, compared to the consensus estimate of $113.40 billion. During the same quarter last year, the business posted $1.85 earnings per share. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, research analysts expect that Apple Inc. will post 9.68 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company also recently disclosed 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 is Thursday, November 12th. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. Apple’s dividend payout ratio is 12.04%.

Insider Transactions at Apple

In related news, SVP Jennifer Newstead sold 2,399 shares of the business’s stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $336.18, for a total value of $806,495.82. Following the completion of the sale, the senior vice president owned 41,992 shares in the company, valued at $14,116,870.56. The trade was a 5.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 completion of the sale, the senior vice president directly 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. 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. Insiders have sold a total of 291,651 shares of company stock valued at $97,082,537 over the last 90 days. Company 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

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.