Apple Inc. $AAPL Stock Purchased by Precedent Wealth Partners LLC

Precedent Wealth Partners LLC boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 11.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,907 shares of the iPhone maker’s stock after purchasing an additional 3,076 shares during the period. Apple comprises approximately 1.5% of Precedent Wealth Partners LLC’s investment portfolio, making the stock its 17th biggest holding. Precedent Wealth Partners LLC’s holdings in Apple were worth $9,960,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. State Street Corp boosted its stake 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 worth $182,897,769,000 after buying an additional 28,321,085 shares during the last quarter. Berkshire Hathaway Inc acquired a new stake in Apple during the second quarter worth about $65,950,297,000. Bank of America Corp DE purchased a new position in Apple during the second quarter valued at approximately $36,986,090,000. Legal & General Group Plc purchased a new position in Apple during the second quarter valued at approximately $30,443,242,000. Finally, Amundi raised its position in Apple by 23.2% during the first quarter. Amundi now owns 73,082,616 shares of the iPhone maker’s stock valued at $18,547,637,000 after acquiring an additional 13,780,080 shares in the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Timothy Cook sold 191,753 shares of the stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $332.96, for a total transaction of $63,846,078.88. Following the transaction, the insider owned 3,264,168 shares in the company, valued at $1,086,837,377.28. This trade represents a 5.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Deirdre O’brien sold 46,389 shares of Apple stock in a transaction 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 completion of the sale, the senior vice president directly owned 136,810 shares in the company, valued at $45,615,190.20. This 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. Over the last quarter, insiders have sold 290,212 shares of company stock worth $96,639,685. Corporate insiders own 0.06% of the company’s stock.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple has held up better than many Big Tech peers and recently reached record territory, with investors appearing to favor its restrained AI infrastructure spending compared with peers’ heavy investment. That approach may help preserve cash and margins, though it also raises questions about its AI competitiveness. Apple Is Holding Strong While Big Tech Sells Off. Is It Next?
• Positive Sentiment: Apple Intelligence cleared a regulatory step for use on tablets and laptops in China, potentially expanding the service’s reach in a key market. Apple Intelligence registers with Chinese regulator
• Neutral Sentiment: Apple is reportedly holding capital spending steady while rivals accelerate AI infrastructure investment. This could support cash generation, but investors may also question whether the company is investing enough to keep pace in AI. Apple holds capex steady as peers accelerate AI infrastructure buildout
• Negative Sentiment: Binance warned that an iOS vulnerability could allow malicious apps to access data from other apps, potentially exposing crypto-wallet keys and credentials. Uncertainty over affected versions and whether updates resolve the flaw could create security and reputational concerns. Binance warns iOS flaw could expose crypto wallet keys
• Negative Sentiment: Reports of worker deaths at an Indian supplier and an ensuing investigation raise potential supply-chain, operational and reputational risks as Apple expands manufacturing in India. Apple faces major supplier investigation after 3 worker deaths
• Negative Sentiment: Valuation concerns and a reported memory-cost squeeze could pressure expectations. KeyCorp also cut its fiscal 2027 EPS forecast to $8.34 from $9.08 and maintains an Underweight rating with a $250 price target, well below the consensus forecast cited in the report. Apple Is Above $5 Trillion After Its First-Ever Close Above $350

Apple Stock Performance

NASDAQ AAPL opened at $348.56 on Wednesday. The stock has a market capitalization of $5.07 trillion, a price-to-earnings ratio of 38.86, a PEG ratio of 3.38 and a beta of 1.07. The stock has a 50-day moving average of $337.27 and a 200 day moving average of $299.52. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.61. Apple Inc. has a twelve month low of $243.42 and a twelve month high of $355.38.

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. Apple had a return on equity of 125.35% and a net margin of 27.60%. The company had revenue of $114.48 billion for the quarter, compared to analyst estimates of $113.40 billion. During the same period last year, the company earned $1.85 earnings per share. Apple’s quarterly revenue was up 11.7% compared to the same quarter last year. Sell-side analysts anticipate that Apple Inc. will post 9.44 EPS for the current fiscal year.

Apple Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have commented on AAPL. Jefferies Financial Group restated an “underperform” rating on shares of Apple in a research report on Wednesday, September 9th. Melius Research set a $370.00 target price on shares of Apple in a report on Tuesday, November 3rd. Moffett Nathanson set a $283.00 target price on shares of Apple and gave the company a “neutral” rating in a research note on Tuesday, October 20th. Maxim Group increased their price target on shares of Apple from $350.00 to $380.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Finally, Loop Capital downgraded shares of Apple from a “buy” rating to a “hold” rating and lowered their price target for the stock from $370.00 to $330.00 in a report on Tuesday, October 20th. Two 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 assigned a Sell rating to the company. Based on data from MarketBeat, Apple has an average rating of “Moderate Buy” and an average target price of $343.74.

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.