49,836 Shares in Apple Inc. $AAPL Bought by Greg Jennings LLC

Key Points

• Greg Jennings LLC acquired 49,836 Apple shares in the third quarter, valued at about $16.6 million. Apple now makes up 11.2% of the fund’s portfolio and is its largest holding.
• Apple beat quarterly expectations, reporting revenue of $114.48 billion, up 11.7% year over year, and EPS of $2.10 versus the $1.99 consensus.
• Despite strong results, investors face potential margin pressure: Apple forecast holiday-quarter gross margins of 45%–46%, down from 47.9%, citing higher memory-chip costs and Siri AI spending.

Greg Jennings LLC acquired a new position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 49,836 shares of the iPhone maker's stock, valued at approximately $16,596,000. Apple comprises about 11.2% of Greg Jennings LLC's holdings, making the stock its biggest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Abel Hall LLC raised its stake in Apple by 14.0% during the 3rd quarter. Abel Hall LLC now owns 44,145 shares of the iPhone maker's stock valued at $14,701,000 after acquiring an additional 5,430 shares during the last quarter. Lifelong Wealth Advisors Inc. lifted its position in Apple by 4.9% during the 3rd quarter. Lifelong Wealth Advisors Inc. now owns 8,016 shares of the iPhone maker's stock worth $2,670,000 after acquiring an additional 375 shares during the period. Lockerman Financial Group Inc. grew its stake in shares of Apple by 45.5% in the 3rd quarter. Lockerman Financial Group Inc. now owns 1,714 shares of the iPhone maker's stock valued at $571,000 after purchasing an additional 536 shares during the last quarter. RWQ Financial Management Services Inc. grew its stake in shares of Apple by 12.7% in the 3rd quarter. RWQ Financial Management Services Inc. now owns 39,056 shares of the iPhone maker's stock valued at $13,006,000 after purchasing an additional 4,395 shares during the last quarter. Finally, James Hambro & Partners LLP increased its holdings in shares of Apple by 90.0% in the third quarter. James Hambro & Partners LLP now owns 4,878 shares of the iPhone maker's stock valued at $1,625,000 after purchasing an additional 2,310 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Stock Performance

NASDAQ AAPL opened at $331.90 on Wednesday. Apple Inc. has a 1-year low of $243.42 and a 1-year high of $351.73. The company has a market capitalization of $4.84 trillion, a P/E ratio of 37.00, a PEG ratio of 2.82 and a beta of 1.07. The business has a 50 day moving average price of $334.05 and a 200 day moving average price of $297.13. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93.

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, topping analysts' consensus estimates of $1.99 by $0.11. Apple had a net margin of 27.60% and a return on equity of 128.88%. The company had revenue of $114.48 billion during the quarter, compared to analysts' expectations of $113.40 billion. During the same quarter in the previous year, the business posted $1.85 earnings per share. The firm's quarterly revenue was up 11.7% compared to the same quarter last year. Sell-side analysts expect that Apple Inc. will post 9.56 EPS for the current fiscal 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 dividend on an annualized basis and a dividend yield of 0.3%. Apple's payout ratio is currently 12.39%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Argus upped their price target on Apple from $375.00 to $400.00 and gave the stock a "buy" rating in a research note on Tuesday. Raymond James Financial restated a "market perform" rating on shares of Apple in a research note on Tuesday. Citic Securities raised their target price on shares of Apple from $300.00 to $349.00 in a research note on Thursday, August 6th. Loop Capital downgraded shares of Apple from a "buy" rating to a "hold" rating and lowered their target price for the company from $370.00 to $330.00 in a report on Tuesday, October 20th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Apple from a "buy" rating to a "hold" rating in a research note on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, Apple has an average rating of "Moderate Buy" and a consensus price target of $343.28.

Insiders Place Their Bets

In other news, CEO John Ternus sold 25,412 shares of the stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $332.94, for a total transaction of $8,460,671.28. Following the transaction, the chief executive officer directly owned 59,567 shares in the company, valued at $19,832,236.98. This represents a 29.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 2,399 shares of the firm's stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $336.18, for a total transaction of $806,495.82. Following the completion of the sale, the senior vice president directly owned 41,992 shares in the company, valued at $14,116,870.56. This represents a 5.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 289,252 shares of company stock valued at $96,301,063. 0.06% of the stock is owned by company insiders.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple reported record September-quarter revenue of $114.48 billion, up 11.7% year over year, and EPS of $2.10, beating analyst estimates. Strong iPhone demand—iPhone revenue rose 17.5%—and Mac sales helped drive the results. Apple Q4 Earnings Beat Estimates, iPhone Drives Top-Line Growth
• Positive Sentiment: Bank of America reiterated its Buy rating, arguing that investors should look beyond near-term margin pressure to Apple’s longer-term opportunity. Buy Apple Stock After Earnings, Says Bank of America
• Negative Sentiment: The main pressure is Apple’s forecast for a 45%–46% gross margin in the holiday quarter, below the recent quarter’s 47.9%. Management cited sharply higher memory-chip costs and spending tied to Siri AI; investors worry these expenses will limit profit growth even with strong sales. Apple Shares Slide as Higher Memory Costs Fuel Margin Concerns
• Negative Sentiment: Investors also saw softer signals beneath the headline beat: services growth is expected to slow, China revenue missed expectations, and higher component costs are being accompanied by increased inventory and supplier commitments. The stock’s premium valuation may make it more vulnerable if growth or margins disappoint. Apple Growth, Margins Likely Face Pressure in 2027, UBS Says

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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