AMF Tjanstepension AB Sells 67,510 Shares of Apple Inc. $AAPL

Key Points

• AMF Tjanstepension AB reduced its Apple stake by 2.1%, selling 67,510 shares in the third quarter. It still held 3,191,341 shares worth about $1.06 billion, Apple’s third-largest position.
• Apple reported quarterly earnings of $2.10 per share and revenue of $114.48 billion, exceeding analyst expectations; revenue rose 11.7% year over year.
• Institutional investors own 67.73% of Apple shares. The stock’s recent outlook includes potential support from Apple Intelligence’s regulatory clearance in China, alongside questions about AI investment and competition.

AMF Tjanstepension AB trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 2.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,191,341 shares of the iPhone maker's stock after selling 67,510 shares during the quarter. Apple comprises about 6.3% of AMF Tjanstepension AB's holdings, making the stock its 3rd largest position. AMF Tjanstepension AB's holdings in Apple were worth $1,062,780,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Reyes Financial Architecture Inc. boosted its stake in shares of Apple by 2.8% during the third quarter. Reyes Financial Architecture Inc. now owns 7,838 shares of the iPhone maker's stock valued at $2,610,000 after purchasing an additional 213 shares during the period. McCarley & Cook Financial Planners raised its holdings in Apple by 2.3% during the 3rd quarter. McCarley & Cook Financial Planners now owns 1,602 shares of the iPhone maker's stock valued at $533,000 after buying an additional 36 shares during the last quarter. Kooman & Associates raised its holdings in Apple by 5.4% during the 3rd quarter. Kooman & Associates now owns 9,032 shares of the iPhone maker's stock valued at $3,008,000 after buying an additional 463 shares during the last quarter. Crescent Grove Advisors LLC boosted its position in Apple by 0.5% during the 3rd quarter. Crescent Grove Advisors LLC now owns 73,971 shares of the iPhone maker's stock valued at $24,634,000 after buying an additional 377 shares during the period. Finally, Cardinal Capital Management boosted its position in Apple by 0.4% during the 3rd quarter. Cardinal Capital Management now owns 86,800 shares of the iPhone maker's stock valued at $28,906,000 after buying an additional 366 shares during the period. 67.73% of the stock is currently owned by institutional investors.

Apple News Summary

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 Stock Down 0.6%

Shares of Apple stock opened at $348.56 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.61. The company's fifty day simple moving average is $337.27 and its two-hundred day simple moving average is $299.52. 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. 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 posted its earnings results on Monday, November 2nd. The iPhone maker reported $2.10 EPS for the quarter, topping the consensus estimate of $1.99 by $0.11. Apple had a net margin of 27.60% and a return on equity of 125.35%. The firm had revenue of $114.48 billion during the quarter, compared to analysts' expectations of $113.40 billion. During the same period last year, the company posted $1.85 EPS. The company's quarterly revenue was up 11.7% compared to the same quarter last year. Research analysts anticipate that Apple Inc. will post 9.44 EPS for the current year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Thursday, November 12th will be issued a $0.27 dividend. The ex-dividend date is Thursday, November 12th. This represents a $1.08 annualized dividend and a yield of 0.3%. Apple's dividend payout ratio (DPR) is 12.04%.

Wall Street Analysts Forecast Growth

AAPL has been the topic of a number of analyst reports. Rosenblatt Securities restated a "neutral" rating and issued a $303.00 price objective on shares of Apple in a research report on Tuesday, November 3rd. Bank of America reaffirmed a "buy" rating and set a $370.00 price objective on shares of Apple in a research note on Wednesday, September 23rd. The Goldman Sachs Group set a $380.00 target price on shares of Apple in a report on Wednesday, November 4th. Melius Research set a $370.00 target price on Apple in a research note on Tuesday, November 3rd. Finally, HSBC reissued a "buy" rating on shares of Apple in a research note on Tuesday, October 27th. Two 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 given a Sell rating to the stock. Based on data from MarketBeat.com, Apple has a consensus rating of "Moderate Buy" and a consensus target price of $343.74.

Insider Buying and Selling at Apple

In other Apple news, insider Ben Borders sold 1,280 shares of the company's stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $345.40, for a total transaction of $442,112.00. Following the transaction, the insider owned 38,288 shares in the company, valued at approximately $13,224,675.20. This represents a 3.23% 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, CFO Kevan Parekh sold 1,392 shares of the stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $345.05, for a total value of $480,309.60. Following the completion of the transaction, the chief financial officer directly owned 17,539 shares of the company's stock, valued at $6,051,831.95. This represents a 7.35% 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 90 days, insiders sold 290,212 shares of company stock worth $96,639,685. Insiders own 0.06% of the company's stock.

Apple Company 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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