13,603 Apple Inc. $AAPL Shares Sold by Brookstone Capital Management

Key Points

• Brookstone Capital Management cut its Apple stake by 2.2%, selling 13,603 shares in the third quarter. It still held 595,439 shares worth about $198.3 million, making Apple its sixth-largest portfolio holding.
• Analysts’ consensus rating is “Moderate Buy,” with an average price target of $343.74; individual targets cited ranged from $303 to $400.
• Apple topped quarterly estimates, reporting EPS of $2.10 and revenue of $114.48 billion, up 11.7% year over year. Shares opened at $348.56, near their reported 12-month high of $355.38.

Brookstone Capital Management reduced its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 2.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 595,439 shares of the iPhone maker's stock after selling 13,603 shares during the period. Apple makes up about 1.9% of Brookstone Capital Management's portfolio, making the stock its 6th biggest holding. Brookstone Capital Management's holdings in Apple were worth $198,293,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Avenir Tech Ltd bought a new stake in Apple in the 2nd quarter valued at about $29,000. Ironwood Wealth Management Inc. acquired a new position in shares of Apple during the 3rd quarter worth approximately $34,000. Longfellow Investment Management Co. LLC bought a new position in shares of Apple during the second quarter worth approximately $30,000. ABS Investment Management LLC bought a new position in shares of Apple during the second quarter worth approximately $376,168,000. Finally, Bamco Inc. NY bought a new position in shares of Apple during the second quarter worth approximately $118,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AAPL shares. Bank of America reiterated a "buy" rating and issued a $370.00 price target on shares of Apple in a research note on Wednesday, September 23rd. Weiss Ratings raised Apple from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, October 8th. Rosenblatt Securities restated a "neutral" rating and set a $303.00 price objective on shares of Apple in a research note on Tuesday, November 3rd. Piper Sandler began coverage on Apple in a report on Monday, August 17th. They issued an "overweight" rating for the company. Finally, Yorkville Ives began coverage on Apple in a report on Tuesday, October 6th. They issued an "outperform" rating and a $400.00 price objective for the company. 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 given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $343.74.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $348.56 on Wednesday. The firm has a 50 day moving average of $337.27 and a 200-day moving average of $299.52. Apple Inc. has a 12 month low of $243.42 and a 12 month high of $355.38. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $5.07 trillion, a PE ratio of 38.86, a PEG ratio of 3.38 and a beta of 1.07.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings results on Monday, November 2nd. The iPhone maker reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.11. Apple had a net margin of 27.60% and a return on equity of 125.35%. The business had revenue of $114.48 billion for the quarter, compared to analyst estimates of $113.40 billion. During the same quarter last year, the business posted $1.85 EPS. The firm's revenue for the quarter was up 11.7% on a year-over-year basis. On average, equities research analysts predict 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. Shareholders of record on Thursday, November 12th will be issued 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 dividend payout ratio (DPR) is currently 12.04%.

Insider Transactions at Apple

In other news, CFO Kevan Parekh sold 1,392 shares of Apple stock in a transaction on Friday, October 16th. The stock was 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 approximately $6,051,831.95. This trade represents a 7.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 business's stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $325.75, for a total value of $781,474.25. Following the transaction, the senior vice president directly owned 29,997 shares of the company's stock, valued at $9,771,522.75. This trade represents a 7.41% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 290,212 shares of company stock worth $96,639,685. 0.06% of the stock is owned by insiders.

Key Apple News

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

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.

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