Apple Inc. $AAPL Stock Bought by MBM Wealth Consultants LLC

MBM Wealth Consultants LLC increased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 6.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,788 shares of the iPhone maker’s stock after buying an additional 1,710 shares during the quarter. Apple accounts for 1.7% of MBM Wealth Consultants LLC’s investment portfolio, making the stock its 14th largest holding. MBM Wealth Consultants LLC’s holdings in Apple were worth $9,254,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. State Street Corp raised its holdings in shares of Apple by 4.7% in the second quarter. State Street Corp now owns 630,662,494 shares of the iPhone maker’s stock valued at $182,897,769,000 after purchasing an additional 28,321,085 shares during the last quarter. Berkshire Hathaway Inc bought a new position in shares of Apple during the second quarter valued at about $65,950,297,000. Bank of America Corp DE bought a new position in shares of Apple during the second quarter valued at about $36,986,090,000. Legal & General Group Plc bought a new position in shares of Apple during the second quarter valued at about $30,443,242,000. Finally, Amundi boosted its holdings in Apple by 23.2% during the first quarter. Amundi now owns 73,082,616 shares of the iPhone maker’s stock worth $18,547,637,000 after purchasing an additional 13,780,080 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on AAPL. Moffett Nathanson set a $283.00 price objective on shares of Apple and gave the stock a “neutral” rating in a research report on Tuesday, October 20th. Royal Bank Of Canada set a $365.00 target price on shares of Apple in a research report on Wednesday, July 15th. Weiss Ratings upgraded Apple from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Maxim Group upped their target price on Apple from $350.00 to $380.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, Morgan Stanley set a $350.00 target price on Apple and gave the company an “overweight” rating in a report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $343.74.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple beat fiscal fourth-quarter earnings and revenue expectations, with revenue of $114.5 billion and solid iPhone and Mac demand. The results support the view that product demand remains healthy. Apple shares fell despite a double beat in Q4
• Positive Sentiment: Bernstein raised its price target to $380 and kept a Buy rating, citing potential upside from Apple’s business prospects. Bernstein rating and price target
• Neutral Sentiment: Apple is reportedly seeking up to $7 billion through a bond offering. The borrowing adds financing flexibility, but the reports did not specify how proceeds would be used. Apple seeks about $7 billion from bond sale
• Negative Sentiment: Management flagged memory-chip costs that could keep rising, along with supply constraints ahead of the December quarter. These pressures may weigh on margins even as demand remains strong. Supply constraints and rising memory costs
• Negative Sentiment: Investors are also scrutinizing earnings quality: tariff refunds boosted reported profit metrics, making the underlying results less straightforward to assess. Investors revisit Apple earnings quality
• Negative Sentiment: Analyst caution and valuation concerns add to the headwinds. DZ Bank cut Apple to Sell, while coverage also points to slower Services growth and a premium share valuation. DZ Bank downgrades Apple

Insider Buying and Selling at Apple

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 shares were sold at an average price of $333.42, for a total transaction of $15,467,020.38. Following the sale, the senior vice president directly owned 136,810 shares in the company, valued at approximately $45,615,190.20. This represents a 25.32% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 2,399 shares of the firm’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 transaction of $806,495.82. Following the completion of the transaction, the senior vice president directly owned 41,992 shares of the company’s stock, valued at approximately $14,116,870.56. This trade represents a 5.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 291,651 shares of company stock worth $97,082,537 over the last three months. Company insiders own 0.06% of the company’s stock.

Apple Stock Down 1.5%

AAPL stock opened at $344.17 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.93 and a current ratio of 1.02. The company has a market capitalization of $5.00 trillion, a price-to-earnings ratio of 38.37, a PEG ratio of 3.30 and a beta of 1.07. Apple Inc. has a fifty-two week low of $243.42 and a fifty-two week high of $355.38. The stock has a fifty day moving average of $335.46 and a 200-day moving average of $298.03.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data 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 company had revenue of $114.48 billion during the quarter, compared to analyst estimates of $113.40 billion. During the same quarter last year, the firm posted $1.85 EPS. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, equities research analysts predict that Apple Inc. will post 9.64 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Thursday, November 12th will be paid a $0.27 dividend. 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 (DPR) is presently 12.39%.

Apple Profile

Apple Inc designs, develops and sells consumer electronics, software and digital services. Its best-known products include the iPhone smartphone, Mac personal computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and applications that support its hardware ecosystem.

Apple’s services business includes the App Store, Apple Music, Apple TV, Apple Arcade, iCloud, Apple Pay and other subscription, payment and digital-content offerings.