Apple Inc. $AAPL Shares Newly Purchased by Kings Path Partners LLC

Kings Path Partners LLC acquired a new stake in shares of Apple Inc. (NASDAQ:AAPL) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,121 shares of the iPhone maker’s stock, valued at approximately $706,000.

Several other hedge funds also recently modified their holdings of the company. Prospect Hill Management LLC acquired a new position in Apple in the second quarter worth approximately $146,370,000. Focus Partners Advisor Solutions LLC bought a new stake in shares of Apple during the 2nd quarter worth $168,646,000. Wealthfront Advisers LLC acquired a new position in shares of Apple in the 2nd quarter worth $482,388,000. Satovsky Asset Management LLC acquired a new stake in shares of Apple during the second quarter worth $16,064,000. Finally, Gouws Capital LLC raised its position in shares of Apple by 136.9% during the third quarter. Gouws Capital LLC now owns 37,504 shares of the iPhone maker’s stock worth $12,490,000 after purchasing an additional 21,676 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple News Roundup

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

Insider Activity

In other Apple news, SVP Jennifer Newstead sold 2,399 shares of the firm’s stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $325.75, for a total transaction of $781,474.25. Following the completion of the sale, the senior vice president directly owned 29,997 shares in the company, valued at approximately $9,771,522.75. This trade represents a 7.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Deirdre O’brien sold 46,389 shares of Apple stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $333.42, for a total value of $15,467,020.38. Following the transaction, the senior vice president directly owned 136,810 shares in the company, valued at approximately $45,615,190.20. This trade represents a 25.32% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 291,651 shares of company stock worth $97,082,537. Corporate insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on AAPL. Barclays increased their price target on Apple from $245.00 to $261.00 and gave the company an “underweight” rating in a research report on Tuesday, November 3rd. HSBC restated a “buy” rating on shares of Apple in a report on Tuesday, October 27th. China Renaissance lowered shares of Apple from a “buy” rating to a “hold” rating and reduced their price objective for the company from $329.00 to $280.00 in a research note on Tuesday, August 4th. Wells Fargo & Company reiterated an “overweight” rating and issued a $350.00 target price (up from $310.00) on shares of Apple in a report on Friday, July 31st. Finally, Maxim Group lifted their target price on shares of Apple from $350.00 to $380.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $343.74.

Apple Price Performance

AAPL opened at $342.37 on Monday. The firm has a market capitalization of $4.98 trillion, a P/E ratio of 38.17, a PEG ratio of 3.22 and a beta of 1.07. The stock has a fifty day moving average of $336.01 and a 200-day moving average of $298.50. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.61. Apple Inc. has a 12-month low of $243.42 and a 12-month high of $355.38.

Apple (NASDAQ:AAPL) last issued 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 in the previous year, the company posted $1.85 earnings per share. Apple’s revenue for the quarter was up 11.7% compared to the same quarter last year. Equities analysts forecast that Apple Inc. will post 9.68 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Thursday, November 12th will be paid 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 dividend payout ratio is currently 12.04%.

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.