2,785 Apple Inc. $AAPL Shares Purchased by Boyd Wealth Management LLC

Key Points

• Boyd Wealth Management increased its Apple stake by 58.1% in the third quarter, adding 2,785 shares to reach 7,579 shares valued at about $2.52 million.
• Apple reported quarterly earnings of $2.10 per share and revenue of $114.48 billion, beating analyst expectations; revenue grew 11.7% year over year.
• Investors face mixed signals: strong reported results and demand are balanced by rising memory-chip costs and supply constraints that could pressure margins.

Boyd Wealth Management LLC increased its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 58.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,579 shares of the iPhone maker's stock after acquiring an additional 2,785 shares during the period. Apple comprises approximately 0.9% of Boyd Wealth Management LLC's portfolio, making the stock its 18th biggest holding. Boyd Wealth Management LLC's holdings in Apple were worth $2,524,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of AAPL. tru Independence LLC grew its holdings in Apple by 0.5% in the 3rd quarter. tru Independence LLC now owns 35,600 shares of the iPhone maker's stock valued at $11,856,000 after buying an additional 176 shares during the last quarter. Freedom Day Solutions LLC lifted its position in shares of Apple by 2.8% during the 3rd quarter. Freedom Day Solutions LLC now owns 44,376 shares of the iPhone maker's stock worth $14,778,000 after buying an additional 1,227 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Apple by 1.6% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 2,406,363 shares of the iPhone maker's stock valued at $801,367,000 after acquiring an additional 38,186 shares during the period. Midway Capital Research & Management boosted its position in Apple by 3.5% in the third quarter. Midway Capital Research & Management now owns 26,933 shares of the iPhone maker's stock valued at $8,969,000 after buying an additional 908 shares in the last quarter. Finally, Altium Investment Strategies LLC bought a new position in Apple in the 3rd quarter valued at $2,755,000. Institutional investors own 67.73% of the company's stock.

Apple News Summary

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

Insiders Place Their Bets

In related news, CEO John Ternus sold 25,412 shares of the business's stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $332.94, for a total value of $8,460,671.28. Following the completion of the sale, the chief executive officer directly owned 59,567 shares of the company's stock, valued at $19,832,236.98. The trade was a 29.90% 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, insider Timothy D. Cook sold 191,753 shares of the company's stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $332.96, for a total value of $63,846,078.88. Following the transaction, the insider directly owned 3,264,168 shares in the company, valued at $1,086,837,377.28. The trade was a 5.55% 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 have sold a total of 291,651 shares of company stock valued at $97,082,537 over the last 90 days. 0.06% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on AAPL shares. Weiss Ratings upgraded Apple from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, October 8th. Daiwa Securities Group boosted their price objective on Apple from $325.00 to $335.00 and gave the company an "outperform" rating in a research report on Tuesday, August 11th. China Renaissance cut shares of Apple from a "buy" rating to a "hold" rating and decreased their price target for the stock from $329.00 to $280.00 in a research note on Tuesday, August 4th. Maxim Group upped their price objective on Apple from $350.00 to $380.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Finally, Argus raised their price target on Apple from $375.00 to $400.00 and gave the company a "buy" rating in a report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $343.74.

Apple Stock Down 1.5%

Shares of NASDAQ AAPL opened at $344.17 on Friday. The company has a market cap of $5.00 trillion, a price-to-earnings ratio of 38.37, a PEG ratio of 3.30 and a beta of 1.07. The company has a current ratio of 1.02, a quick ratio of 0.93 and a debt-to-equity ratio of 0.61. The stock has a 50-day moving average price of $335.46 and a two-hundred day moving average price of $298.03. Apple Inc. has a 12 month low of $243.42 and a 12 month high of $355.38.

Apple (NASDAQ:AAPL - Get Free Report) last issued its 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. The business had revenue of $114.48 billion during the quarter, compared to analysts' expectations of $113.40 billion. Apple had a return on equity of 125.35% and a net margin of 27.60%. The business's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.85 EPS. As a group, analysts forecast that Apple Inc. will post 9.64 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Investors 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 annualized dividend and a dividend yield of 0.3%. Apple's dividend payout ratio is presently 12.39%.

Apple Profile

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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