21,900 Apple Inc. $AAPL Shares Sold by Adams Diversified Equity Fund Inc.

Key Points

• Adams Diversified Equity Fund cut its Apple stake by 2.9%, selling 21,900 shares in the third quarter. It still held 738,300 shares worth about $245.9 million, making Apple its second-largest position.
• Apple beat quarterly expectations, reporting EPS of $2.10 versus $1.99 expected and revenue of $114.48 billion versus $113.40 billion expected; revenue rose 11.7% year over year.
• Apple announced a quarterly dividend of $0.27 per share, equivalent to $1.08 annually and a 0.3% yield. Institutional investors and hedge funds own 67.73% of the stock.

Adams Diversified Equity Fund Inc. lessened its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 2.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 738,300 shares of the iPhone maker's stock after selling 21,900 shares during the period. Apple comprises about 7.4% of Adams Diversified Equity Fund Inc.'s investment portfolio, making the stock its 2nd largest position. Adams Diversified Equity Fund Inc.'s holdings in Apple were worth $245,869,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in AAPL. Precedent Wealth Partners LLC grew its position in shares of Apple by 11.5% during the 3rd quarter. Precedent Wealth Partners LLC now owns 29,907 shares of the iPhone maker's stock valued at $9,960,000 after buying an additional 3,076 shares during the last quarter. Cadinha & Co. LLC boosted its position in Apple by 102.1% during the 3rd quarter. Cadinha & Co. LLC now owns 58,917 shares of the iPhone maker's stock valued at $19,621,000 after purchasing an additional 29,770 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its position in Apple by 0.6% during the 3rd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 113,757 shares of the iPhone maker's stock valued at $37,883,000 after purchasing an additional 635 shares during the period. JSF Financial LLC grew its stake in Apple by 2.0% during the 3rd quarter. JSF Financial LLC now owns 84,132 shares of the iPhone maker's stock worth $28,018,000 after buying an additional 1,635 shares during the last quarter. Finally, Reyes Financial Architecture Inc. grew its stake in Apple by 2.8% during the 3rd quarter. Reyes Financial Architecture Inc. now owns 7,838 shares of the iPhone maker's stock worth $2,610,000 after buying an additional 213 shares during the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Price Performance

Shares of NASDAQ AAPL opened at $348.56 on Wednesday. The stock has a market cap of $5.07 trillion, a P/E ratio of 38.86, a P/E/G ratio of 3.38 and a beta of 1.07. The firm's 50-day simple moving average is $337.27 and its 200 day simple moving average is $299.52. Apple Inc. has a fifty-two week low of $243.42 and a fifty-two week high of $355.38. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.61.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Monday, November 2nd. The iPhone maker reported $2.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.99 by $0.11. The firm had revenue of $114.48 billion during the quarter, compared to analyst estimates of $113.40 billion. Apple had a net margin of 27.60% and a return on equity of 125.35%. Apple's revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.85 EPS. Equities analysts expect that Apple Inc. will post 9.44 EPS for the current year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Thursday, November 12th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Thursday, November 12th. Apple's dividend payout ratio is 12.04%.

More 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

Insider Transactions at Apple

In other Apple news, CEO John Ternus sold 25,412 shares of the stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $332.94, for a total transaction of $8,460,671.28. Following the completion of the transaction, the chief executive officer directly owned 59,567 shares of the company's stock, valued at approximately $19,832,236.98. This trade represents a 29.90% decrease in their position. The sale was disclosed in a document filed 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, insider Ben Borders sold 1,280 shares of Apple stock in a transaction on Friday, October 16th. The shares were sold at an average price of $345.40, for a total value of $442,112.00. Following the transaction, the insider owned 38,288 shares in the company, valued at approximately $13,224,675.20. This trade represents a 3.23% 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. Insiders sold a total of 290,212 shares of company stock valued at $96,639,685 over the last three months. 0.06% of the stock is owned by company insiders.

Analysts Set New Price Targets

AAPL has been the topic of several analyst reports. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $303.00 target price on shares of Apple in a research report on Tuesday, November 3rd. JPMorgan Chase & Co. lowered their price target on shares of Apple from $360.00 to $355.00 and set an "overweight" rating for the company in a research report on Tuesday, November 3rd. China Renaissance lowered shares of Apple from a "buy" rating to a "hold" rating and lowered their price target for the stock from $329.00 to $280.00 in a research report on Tuesday, August 4th. Citigroup reaffirmed a "buy" rating on shares of Apple in a report on Thursday, September 10th. Finally, UBS Group reiterated a "neutral" rating and issued a $340.00 price objective (up from $296.00) on shares of Apple in a research report on Tuesday, November 3rd. Two investment 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $343.74.

Apple Company 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.

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