3,355 Apple Inc. $AAPL Shares Sold by Colony Family Offices LLC

Key Points

• Colony Family Offices cut its Apple stake by 32.2% in the third quarter, selling 3,355 shares and retaining 7,078 shares worth about $2.36 million.
• Apple beat quarterly earnings expectations, reporting $2.10 per share versus analysts’ $1.99 estimate; revenue rose 11.7% year over year to $114.48 billion.
• Institutional investors own 67.73% of Apple shares. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $343.74.

Colony Family Offices LLC lowered its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 32.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,078 shares of the iPhone maker's stock after selling 3,355 shares during the quarter. Apple comprises about 0.5% of Colony Family Offices LLC's holdings, making the stock its 27th largest position. Colony Family Offices LLC's holdings in Apple were worth $2,357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the stock. Berkshire Hathaway Inc acquired a new stake in shares of Apple in the second quarter worth approximately $65,950,297,000. Bank of America Corp DE purchased a new stake in Apple in the second quarter valued at approximately $36,986,090,000. Legal & General Group Plc acquired a new position in Apple during the second quarter worth approximately $30,443,242,000. Deutsche Bank AG acquired a new position in Apple during the second quarter worth approximately $13,658,359,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Apple during the second quarter worth approximately $10,588,946,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Apple Stock Down 0.6%

AAPL opened at $348.56 on Wednesday. Apple Inc. has a 1 year low of $243.42 and a 1 year high of $355.38. The firm has a 50 day moving average price of $337.27 and a 200 day moving average price of $299.52. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.94 and a current ratio of 1.02. The company has a market cap of $5.07 trillion, a PE ratio of 38.86, a price-to-earnings-growth ratio of 3.38 and a beta of 1.07.

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 for the quarter, beating analysts' consensus estimates of $1.99 by $0.11. The firm had revenue of $114.48 billion for the quarter, compared to analysts' expectations 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 period in the previous year, the company posted $1.85 earnings per share. Sell-side analysts expect that Apple Inc. will post 9.44 earnings per share for the current year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Thursday, November 12th will be given a $0.27 dividend. The ex-dividend date of this dividend 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 12.04%.

Insider Buying and Selling at Apple

In related news, insider Timothy D. Cook sold 191,753 shares of the company's stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $332.96, for a total transaction of $63,846,078.88. Following the completion of the sale, the insider directly owned 3,264,168 shares of the company's stock, valued at approximately $1,086,837,377.28. This represents a 5.55% decrease in their position. The sale was disclosed in a document filed 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, CEO John Ternus sold 25,412 shares of the company'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 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. In the last quarter, insiders sold 290,212 shares of company stock worth $96,639,685. 0.06% of the stock is currently owned by insiders.

Apple News Roundup

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

Analysts Set New Price Targets

AAPL has been the topic of a number of research analyst reports. Seaport Research Partners lowered shares of Apple from a "buy" rating to a "neutral" rating in a report on Monday, August 17th. Morgan Stanley set a $350.00 price objective on shares of Apple and gave the company an "overweight" rating in a research note on Tuesday, November 3rd. Daiwa Securities Group upped their price objective on Apple from $325.00 to $335.00 and gave the stock an "outperform" rating in a report on Tuesday, August 11th. Phillip Securities lowered Apple from a "hold" rating to a "moderate sell" rating in a research report on Friday, November 6th. Finally, BTIG Research assumed coverage on Apple in a research report on Monday, August 17th. They issued a "neutral" rating on the stock. Two analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, thirteen have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $343.74.

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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