Apple Inc. $AAPL Holdings Boosted by Darrow Company Inc.

Key Points

• Darrow Company increased its Apple stake by 30.7% in the third quarter, adding 1,463 shares to hold 6,221 shares valued at about $2.07 million.
• Apple beat quarterly earnings and revenue estimates, reporting EPS of $2.10 and revenue of $114.48 billion; revenue grew 11.7% year over year.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $347.11, although some firms recently downgraded or lowered their targets.

Darrow Company Inc. lifted its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 30.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,221 shares of the iPhone maker's stock after buying an additional 1,463 shares during the quarter. Apple makes up about 0.8% of Darrow Company Inc.'s investment portfolio, making the stock its 26th largest holding. Darrow Company Inc.'s holdings in Apple were worth $2,072,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Avenir Tech Ltd acquired a new stake in shares of Apple in the 2nd quarter valued at about $29,000. Ironwood Wealth Management Inc. acquired a new position in Apple in the third quarter worth about $34,000. Longfellow Investment Management Co. LLC acquired a new position in Apple in the second quarter worth about $30,000. ABS Investment Management LLC acquired a new position in Apple in the second quarter worth about $376,168,000. Finally, Bamco Inc. NY bought a new stake in Apple in the second quarter valued at about $118,000. Institutional investors own 67.73% of the company's stock.

Insider Transactions at Apple

In other Apple news, SVP Jennifer Newstead sold 2,399 shares of the business's stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $325.75, for a total transaction of $781,474.25. Following the transaction, the senior vice president owned 29,997 shares of the company's stock, valued at $9,771,522.75. The trade was a 7.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Kevan Parekh sold 1,392 shares of the business's stock in a transaction on Friday, October 16th. The stock was sold at an average price of $345.05, for a total transaction of $480,309.60. Following the transaction, the chief financial officer owned 17,539 shares in the company, valued at approximately $6,051,831.95. The trade was a 7.35% decrease in their ownership of the stock. 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. Over the last three months, insiders have sold 290,212 shares of company stock worth $96,639,685. 0.06% of the stock is currently owned by company insiders.

Key Apple News

Here's some of the latest news about AAPL:

• Neutral Sentiment: Google is rolling out Gemini Live on Apple CarPlay, bringing another conversational AI option to iPhone users’ cars. This adds functionality to the CarPlay platform, though it also highlights competition for Apple’s own assistant. Google brings Gemini Live to Apple CarPlay
• Negative Sentiment: Memory-chip prices are creating a margin headwind. Apple’s December-quarter gross-margin outlook of 45%–46% was reported below analysts’ 46.3% expectation, tempering the positive impact of strong sales. Apple faces memory-cost pressure despite record quarter
• Negative Sentiment: Some analysts and commentators argue the shares look expensive after a strong run, raising the risk that high expectations could limit further gains if growth or margins disappoint. Apple shares look expensive heading into 2027

Apple Stock Up 2.0%

Shares of AAPL stock opened at $355.63 on Thursday. 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 business's fifty day moving average is $337.88 and its 200-day moving average is $300.06. Apple Inc. has a 1 year low of $243.42 and a 1 year high of $355.91. The stock has a market cap of $5.17 trillion, a PE ratio of 39.65, a price-to-earnings-growth ratio of 3.35 and a beta of 1.07.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Monday, November 2nd. The iPhone maker reported $2.10 earnings per share 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 during the quarter, compared to analyst estimates of $113.40 billion. During the same period last year, the company posted $1.85 EPS. The company's revenue was up 11.7% compared to the same quarter last year. Equities analysts expect that Apple Inc. will post 9.45 earnings per share for the current fiscal year.

Apple Announces Dividend

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

Analyst Upgrades and Downgrades

AAPL has been the topic of several research reports. Phillip Securities cut Apple from a "hold" rating to a "moderate sell" rating in a research note on Friday, November 6th. Monness Crespi & Hardt reaffirmed a "buy" rating and set a $355.00 target price on shares of Apple in a report on Wednesday, October 28th. Loop Capital lowered Apple from a "buy" rating to a "hold" rating and decreased their target price for the stock from $370.00 to $330.00 in a research report on Tuesday, October 20th. Deutsche Bank downgraded Apple from a "buy" rating to a "hold" rating in a report on Monday, August 17th. Finally, Raymond James Financial reissued a "market perform" rating on shares of Apple in a research report on Tuesday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $347.11.

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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