Apple Inc. $AAPL Stock: Revisor Wealth Management LLC Cuts Stake

Revisor Wealth Management LLC lessened its stake in shares of Apple Inc. (NASDAQ:AAPL) by 4.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,132 shares of the iPhone maker’s stock after selling 2,494 shares during the quarter. Apple comprises 4.1% of Revisor Wealth Management LLC’s portfolio, making the stock its 2nd largest holding. Revisor Wealth Management LLC’s holdings in Apple were worth $17,119,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Sterling Wealth Management Inc. grew its stake in Apple by 0.3% during the second quarter. Sterling Wealth Management Inc. now owns 11,579 shares of the iPhone maker’s stock valued at $3,351,000 after acquiring an additional 30 shares in the last quarter. Thor Investment Management Inc. OH ADV increased its holdings in Apple by 1.6% during the 3rd quarter. Thor Investment Management Inc. OH ADV now owns 1,912 shares of the iPhone maker’s stock worth $637,000 after acquiring an additional 30 shares during the period. Evansbrook LLC lifted its stake in Apple by 0.4% in the 1st quarter. Evansbrook LLC now owns 8,095 shares of the iPhone maker’s stock worth $2,054,000 after purchasing an additional 34 shares in the last quarter. JMG Financial Group Ltd. lifted its stake in Apple by 0.7% in the 1st quarter. JMG Financial Group Ltd. now owns 5,102 shares of the iPhone maker’s stock worth $1,295,000 after purchasing an additional 35 shares in the last quarter. Finally, Wealth Forward LLC lifted its stake in Apple by 0.3% in the 3rd quarter. Wealth Forward LLC now owns 13,327 shares of the iPhone maker’s stock worth $4,438,000 after purchasing an additional 35 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AAPL. Guggenheim set a $400.00 price target on shares of Apple in a research report on Tuesday. Barclays increased their price objective on Apple from $245.00 to $261.00 and gave the stock an “underweight” rating in a research report on Tuesday. Raymond James Financial reissued a “market perform” rating on shares of Apple in a research note on Tuesday. Evercore restated an “outperform” rating on shares of Apple in a research report on Tuesday, October 27th. Finally, Daiwa Securities Group boosted their target price on Apple from $325.00 to $335.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 11th. Two research 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $343.74.

Apple News Summary

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 Price Performance

AAPL stock traded down $1.80 during midday trading on Friday, reaching $342.37. The company had a trading volume of 44,660,992 shares, compared to its average volume of 41,928,536. The firm has a 50-day moving average price of $336.01 and a 200-day moving average price of $298.50. The company has a market capitalization of $5.00 trillion, a P/E ratio of 38.17, a P/E/G ratio of 2.82 and a beta of 1.07. Apple Inc. has a 1 year low of $243.42 and a 1 year high of $355.38. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Monday, November 2nd. The iPhone maker reported $2.10 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.11. Apple had a net margin of 27.60% and a return on equity of 128.88%. The firm had revenue of $114.48 billion for the quarter, compared to analysts’ expectations of $113.40 billion. During the same quarter last year, the company posted $1.85 EPS. The business’s quarterly revenue was up 11.7% on a year-over-year basis. On average, research analysts anticipate that Apple Inc. will post 9.70 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Shareholders 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 dividend on an annualized basis and a yield of 0.3%. Apple’s dividend payout ratio (DPR) is presently 12.04%.

Insider Buying and Selling at Apple

In other news, SVP Jennifer Newstead sold 2,399 shares of the company’s stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $325.75, for a total value of $781,474.25. Following the completion of the transaction, the senior vice president directly owned 29,997 shares in the company, valued at approximately $9,771,522.75. This represents a 7.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kevan Parekh sold 1,392 shares of the stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $345.05, for a total value of $480,309.60. Following the transaction, the chief financial officer owned 17,539 shares in the company, valued at $6,051,831.95. This trade represents a 7.35% decrease in their ownership of the stock. 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. Over the last ninety days, insiders have sold 291,651 shares of company stock valued at $97,082,537. 0.06% of the stock is currently owned by company insiders.

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.