6,015 Apple Inc. $AAPL Shares Sold by Quattro Financial Advisors LLC

Key Points

• Quattro Financial Advisors cut its Apple stake by 35.3%, selling 6,015 shares and retaining 11,047 shares worth approximately $3.68 million. Hedge funds and institutional investors own 67.73% of Apple.
• Apple recently reported stronger-than-expected quarterly results, with earnings per share of $2.02 and revenue of $109.42 billion, up 16.4% year over year.
• Apple shares opened at $343.83, near their 12-month high, while analyst sentiment remained mixed: the stock carries a “Moderate Buy” consensus, but several firms have downgraded it or maintained cautious ratings amid valuation and regulatory concerns.

Quattro Financial Advisors LLC cut its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 35.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,047 shares of the iPhone maker's stock after selling 6,015 shares during the period. Apple comprises approximately 0.8% of Quattro Financial Advisors LLC's portfolio, making the stock its 28th largest position. Quattro Financial Advisors LLC's holdings in Apple were worth $3,679,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AAPL. Avenir Tech Ltd purchased a new position in shares of Apple in the 2nd quarter worth about $29,000. Ironwood Wealth Management Inc. bought a new position in shares of Apple during the 3rd quarter valued at about $34,000. Longfellow Investment Management Co. LLC bought a new position in shares of Apple during the 2nd quarter valued at about $30,000. ABS Investment Management LLC purchased a new position in shares of Apple during the 2nd quarter valued at about $376,168,000. Finally, Bamco Inc. NY purchased a new position in shares of Apple during the 2nd quarter valued at about $118,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Apple Stock Down 0.9%

AAPL opened at $343.83 on Thursday. The company has a market cap of $5.02 trillion, a P/E ratio of 39.43, a P/E/G ratio of 2.75 and a beta of 1.07. The business's 50-day moving average price is $331.73 and its 200-day moving average price is $295.51. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. Apple Inc. has a 12 month low of $243.42 and a 12 month high of $351.73.

Apple (NASDAQ:AAPL - Get Free Report) last released its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, beating analysts' consensus estimates of $1.89 by $0.13. The company had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%. Apple's revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.57 EPS. On average, equities analysts expect that Apple Inc. will post 8.75 EPS for the current year.

Insider Buying and Selling

In other Apple news, SVP Deirdre O'brien sold 46,389 shares of the business's stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $333.42, for a total value of $15,467,020.38. Following the completion of the sale, the senior vice president owned 136,810 shares in the company, valued at approximately $45,615,190.20. The trade was a 25.32% decrease in their ownership of the stock. 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, CEO John Ternus sold 25,412 shares of the stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $332.94, for a total value of $8,460,671.28. Following the sale, 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. 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 286,853 shares of company stock valued at $95,477,342 in the last 90 days. 0.06% of the stock is owned by insiders.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple unveiled its first touchscreen MacBook Pro, featuring tandem OLED technology, up to 2,000-nit brightness, 120Hz refresh rates, and higher-end M5 Pro and M5 Max chips. The launch could support Mac revenue, premium pricing and a broader hardware upgrade cycle. Apple Stock: Slip Despite MacBook Pro Launch With Tandem OLED Display
• Positive Sentiment: Analyst support remains a modest tailwind. Monness, Crespi, Hardt raised its Apple price target to $355, while early iPhone 18 Pro sales were reportedly 3.1% above the prior model, including particularly strong growth in China. Wall Street Analyst Updates Apple Stock Target Ahead of Earnings
• Neutral Sentiment: Apple is approaching its November 2 earnings report after a lengthy run of earnings beats. Investors are looking for evidence that iPhone demand, services growth and artificial-intelligence initiatives can justify a valuation near 40 times earnings. Seeking Clues to Apple Q4 Earnings
• Negative Sentiment: The touchscreen MacBook Pro starts at approximately $2,899, raising concerns that premium pricing could limit adoption. Investors also face broader pressure from rising memory costs, expensive technology valuations and potentially higher interest rates. Apple's Touchscreen MacBook Pro Pushes Laptop Pricing Higher
• Negative Sentiment: Apple is offering replacements after reports that screens on its $1,999 foldable iPhone Duo cracked near the hinge. The issue threatens customer confidence and could increase warranty or recall costs just as the company launches a major new product category. Apple Shows First Touchscreen Laptops Amid Product Blitz
• Negative Sentiment: South Korea fined Apple and Google a combined $47.6 million for allegedly forcing developers toward their payment systems and delaying app reviews, adding to regulatory risks around Apple’s services business. South Korea Fines Google and Apple Over App Market Practices

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Loop Capital downgraded Apple from a "buy" rating to a "hold" rating and dropped their target price for the stock from $370.00 to $330.00 in a research report on Tuesday, October 20th. Deutsche Bank Aktiengesellschaft cut shares of Apple from a "buy" rating to a "hold" rating in a research report on Monday, August 17th. Rosenblatt Securities reiterated a "neutral" rating and set a $303.00 price target on shares of Apple in a research report on Thursday, September 10th. Needham & Company LLC reissued a "hold" rating on shares of Apple in a research note on Thursday, October 1st. Finally, KeyCorp restated an "underweight" rating on shares of Apple in a report on Thursday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $340.59.

About Apple

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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