Apple Inc. $AAPL Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. reduced its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,548,012 shares of the iPhone maker’s stock after selling 167,247 shares during the period. Apple comprises 5.6% of Robeco Institutional Asset Management B.V.’s investment portfolio, making the stock its 2nd largest holding. Robeco Institutional Asset Management B.V. owned approximately 0.10% of Apple worth $4,844,779,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Sentinel Advisory Group LLC lifted its position in shares of Apple by 4.1% in the 3rd quarter. Sentinel Advisory Group LLC now owns 4,923 shares of the iPhone maker’s stock worth $1,639,000 after purchasing an additional 194 shares during the period. Redstone Wealth Management LLC boosted its stake in shares of Apple by 3.0% in the 3rd quarter. Redstone Wealth Management LLC now owns 2,199 shares of the iPhone maker’s stock valued at $732,000 after purchasing an additional 65 shares during the last quarter. Petredis Investment Advisors LLC grew its holdings in Apple by 0.3% during the 3rd quarter. Petredis Investment Advisors LLC now owns 206,003 shares of the iPhone maker’s stock worth $68,603,000 after acquiring an additional 557 shares during the period. Lakeshore Capital Group Inc. grew its stake in Apple by 6.0% during the third quarter. Lakeshore Capital Group Inc. now owns 12,977 shares of the iPhone maker’s stock worth $4,322,000 after purchasing an additional 738 shares during the period. Finally, Randall & Associates Wealth Management grew its position in shares of Apple by 16.8% during the 3rd quarter. Randall & Associates Wealth Management now owns 5,549 shares of the iPhone maker’s stock worth $1,848,000 after buying an additional 800 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on AAPL. Argus boosted their price objective on Apple from $375.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday. Citic Securities increased their price target on Apple from $300.00 to $349.00 in a research report on Thursday, August 6th. CICC Research boosted their target price on shares of Apple from $310.00 to $340.00 and gave the company an “outperform” rating in a research note on Tuesday, August 4th. Citigroup reissued a “buy” rating on shares of Apple in a report on Thursday, September 10th. Finally, Guggenheim set a $400.00 target price on shares of Apple in a report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, thirteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $343.74.

Insiders Place Their Bets

In other Apple news, CFO Kevan Parekh sold 1,392 shares of the company’s stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $345.05, for a total transaction of $480,309.60. Following the transaction, the chief financial officer owned 17,539 shares in the company, valued at approximately $6,051,831.95. This represents a 7.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Ben Borders sold 1,280 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider owned 38,288 shares in the company, valued at $13,224,675.20. This represents a 3.23% 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 ninety days, insiders sold 291,651 shares of company stock valued at $97,082,537. Company insiders own 0.06% of the company’s stock.

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 Trading Down 0.5%

Shares of NASDAQ:AAPL traded down $1.80 on Friday, reaching $342.37. 44,660,992 shares of the company traded hands, compared to its average volume of 41,928,536. The business’s 50-day simple moving average is $336.01 and its 200 day simple moving average is $298.50. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. Apple Inc. has a 52 week low of $243.42 and a 52 week high of $355.38. The stock has a market capitalization of $5.00 trillion, a P/E ratio of 38.17, a price-to-earnings-growth ratio of 2.82 and a beta of 1.07.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Monday, November 2nd. The iPhone maker reported $2.10 EPS for the quarter, beating the consensus estimate of $1.99 by $0.11. The firm had revenue of $114.48 billion during 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 128.88%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.85 earnings per share. As a group, equities analysts anticipate that Apple Inc. will post 9.70 EPS for the current fiscal year.

Apple Announces Dividend

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

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.