29,770 Apple Inc. $AAPL Shares Purchased by Cadinha & Co. LLC

Key Points

• Cadinha & Co. increased its Apple stake by 102.1% in the third quarter, buying 29,770 shares and ending the period with 58,917 shares worth about $19.6 million.
• Apple reported quarterly EPS of $2.10, beating estimates of $1.99, while revenue rose 11.7% year over year to $114.48 billion.
• Company insiders sold 290,212 shares worth about $96.6 million over the past three months; the two highlighted sales were made to cover tax obligations on vested equity awards.

Cadinha & Co. LLC boosted its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 102.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,917 shares of the iPhone maker's stock after buying an additional 29,770 shares during the quarter. Apple accounts for approximately 3.2% of Cadinha & Co. LLC's holdings, making the stock its 15th biggest holding. Cadinha & Co. LLC's holdings in Apple were worth $19,621,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In related news, SVP Deirdre O'brien sold 46,389 shares of the stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $333.42, for a total value of $15,467,020.38. Following the sale, the senior vice president owned 136,810 shares of the company's stock, valued at $45,615,190.20. This trade represents a 25.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 the company's stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $345.40, for a total transaction of $442,112.00. Following the completion of the transaction, the insider owned 38,288 shares of the company's stock, valued at approximately $13,224,675.20. This trade represents a 3.23% decrease in their position. The SEC filing for this sale provides additional information. 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 in the last three months. 0.06% of the stock is owned by corporate insiders.

Apple Stock Performance

Shares of AAPL stock opened at $348.56 on Wednesday. The company has a market cap of $5.07 trillion, a P/E ratio of 38.86, a PEG ratio of 3.38 and a beta of 1.07. The business has a 50 day moving average of $337.27 and a two-hundred day moving average of $299.52. Apple Inc. has a 52 week low of $243.42 and a 52 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 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 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 quarter last year, the business posted $1.85 EPS. The business's revenue was up 11.7% on a year-over-year basis. As a group, analysts anticipate that Apple Inc. will post 9.44 EPS for the current year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Thursday, November 12th will be paid 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 (DPR) is presently 12.04%.

Analysts Set New Price Targets

Several brokerages have recently commented on AAPL. Maxim Group increased their price target on shares of Apple from $350.00 to $380.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Seaport Research Partners lowered Apple from a "buy" rating to a "neutral" rating in a report on Monday, August 17th. Wells Fargo & Company restated an "overweight" rating and set a $350.00 price objective (up from $310.00) on shares of Apple in a research note on Friday, July 31st. JPMorgan Chase & Co. reduced their target price on Apple from $360.00 to $355.00 and set an "overweight" rating on the stock in a report on Tuesday, November 3rd. Finally, TD Cowen reduced their target price on Apple from $400.00 to $390.00 and set a "buy" rating on the stock in a report on Tuesday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, thirteen have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $343.74.

Trending Headlines about Apple

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

Apple 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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