2,143 Apple Inc. $AAPL Shares Acquired by Climber Capital SA

Key Points

• Climber Capital increased its Apple stake by 25.2% in the third quarter, buying 2,143 shares to hold 10,638 shares valued at about $3.36 million.
• Apple reported quarterly EPS of $2.10 and revenue of $114.48 billion, beating analyst expectations; revenue rose 11.7% year over year.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $343.74. The article also notes rising memory costs and supply constraints as potential headwinds.

Climber Capital SA boosted its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 25.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,638 shares of the iPhone maker's stock after acquiring an additional 2,143 shares during the quarter. Apple accounts for about 1.8% of Climber Capital SA's investment portfolio, making the stock its 23rd largest holding. Climber Capital SA's holdings in Apple were worth $3,359,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Avenir Tech Ltd bought a new position in Apple during the 2nd quarter valued at approximately $29,000. Ironwood Wealth Management Inc. bought a new position in shares of Apple in the 3rd quarter worth about $34,000. Longfellow Investment Management Co. LLC bought a new stake in shares of Apple in the 2nd quarter worth approximately $30,000. ABS Investment Management LLC bought a new stake in Apple in the second quarter worth $376,168,000. Finally, Bamco Inc. NY purchased a new stake in Apple during the 2nd quarter valued at about $118,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

Trending Headlines about Apple

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 Transactions at Apple

In other Apple news, SVP Jennifer Newstead sold 2,399 shares of the firm's stock in a transaction that occurred on Tuesday, September 29th. The shares were 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Deirdre O'brien sold 46,389 shares of the business's 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 transaction, the senior vice president owned 136,810 shares of the company's stock, valued at $45,615,190.20. This represents a 25.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 291,651 shares of company stock valued at $97,082,537 in the last quarter. Insiders own 0.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AAPL. Guggenheim set a $400.00 price target on Apple in a research note on Tuesday. Daiwa Securities Group boosted their price objective on shares of Apple from $325.00 to $335.00 and gave the company an "outperform" rating in a research report on Tuesday, August 11th. Oppenheimer reissued a "market perform" rating on shares of Apple in a research note on Thursday, September 10th. Morgan Stanley set a $350.00 price target on Apple and gave the stock an "overweight" rating in a research report on Tuesday. Finally, Evercore reaffirmed an "outperform" rating on shares of Apple in a research note on Tuesday, October 27th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $343.74.

Apple Stock Down 1.5%

NASDAQ:AAPL opened at $344.17 on Friday. The stock has a market capitalization of $5.00 trillion, a P/E ratio of 38.37, a P/E/G 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 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's 50-day simple moving average is $335.46 and its 200-day simple moving average is $298.03.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings results on Monday, November 2nd. The iPhone maker reported $2.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.99 by $0.11. Apple had a return on equity of 125.35% and a net margin of 27.60%. The business had revenue of $114.48 billion for the quarter, compared to the consensus estimate of $113.40 billion. During the same period in the prior year, the firm posted $1.85 earnings per share. The business's quarterly revenue was up 11.7% on a year-over-year basis. On average, equities analysts anticipate that Apple Inc. will post 9.64 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Thursday, November 12th will be paid 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 is presently 12.39%.

About Apple

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.

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