Apple Inc. $AAPL Position Decreased by Seven Mile Advisory

Key Points

• Seven Mile Advisory cut its Apple stake by 6.5% in the third quarter, selling 1,502 shares. It retained 21,730 shares, valued at about $7.24 million, making Apple its fourth-largest holding.
• Apple reported quarterly earnings of $2.10 per share and $114.48 billion in revenue, topping analyst estimates; revenue rose 11.7% year over year.
• Analyst views are mixed but lean positive: MarketBeat’s consensus rating is “Moderate Buy,” with a $347.11 price target. Company insiders also sold shares recently, with the article noting that the reported sales were to cover tax withholding on vested equity awards.

Seven Mile Advisory decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 6.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,730 shares of the iPhone maker's stock after selling 1,502 shares during the period. Apple comprises approximately 4.7% of Seven Mile Advisory's holdings, making the stock its 4th largest position. Seven Mile Advisory's holdings in Apple were worth $7,237,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Avenir Tech Ltd bought a new stake in Apple during the second quarter valued at about $29,000. Longfellow Investment Management Co. LLC purchased a new stake in Apple in the second quarter worth about $30,000. Ironwood Wealth Management Inc. bought a new position in shares of Apple in the third quarter worth about $34,000. Ascentis Wealth Management LLC raised its stake in shares of Apple by 822.7% in the second quarter. Ascentis Wealth Management LLC now owns 292,493 shares of the iPhone maker's stock worth $85,000 after buying an additional 260,792 shares during the period. Finally, Bamco Inc. NY bought a new position in shares of Apple in the second quarter worth about $118,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Apple

In related news, CFO Kevan Parekh sold 1,392 shares of the business's 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 transaction, the chief financial officer directly owned 17,539 shares of the company's stock, valued at approximately $6,051,831.95. The trade was a 7.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Deirdre O'brien sold 46,389 shares of the company'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 transaction, the senior vice president owned 136,810 shares of the company's stock, valued at $45,615,190.20. The trade was a 25.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 290,212 shares of company stock worth $96,639,685 in the last three months. Corporate insiders own 0.06% of the company's stock.

Top Apple Stories

These are some of the AAPL stories that stood out recently:

• Positive Sentiment: Reports point to strong iPhone demand and a record quarterly revenue result, while the foldable iPhone could provide a new growth opportunity. A faster Siri AI roadmap may also strengthen Apple’s longer-term product story.
• 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: 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 Price Performance

NASDAQ:AAPL opened at $355.63 on Thursday. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.61. The business's 50-day simple moving average is $337.88 and its two-hundred day simple moving average is $300.06. The stock has a market cap of $5.17 trillion, a PE ratio of 39.65, a P/E/G ratio of 3.35 and a beta of 1.07. Apple Inc. has a 52 week low of $243.42 and a 52 week high of $355.91.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings data on Monday, November 2nd. The iPhone maker reported $2.10 EPS for the quarter, beating the consensus estimate of $1.99 by $0.11. The business had revenue of $114.48 billion for the quarter, compared to the consensus estimate of $113.40 billion. Apple had a return on equity of 125.35% and a net margin of 27.60%. The business's revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.85 earnings per share. As a group, analysts forecast that Apple Inc. will post 9.45 EPS for the current fiscal year.

Apple Announces Dividend

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

Analyst Ratings Changes

A number of research firms have recently weighed in on AAPL. HSBC reaffirmed a "buy" rating on shares of Apple in a research report on Tuesday, October 27th. JPMorgan Chase & Co. reduced their target price on shares of Apple from $360.00 to $355.00 and set an "overweight" rating for the company in a report on Tuesday, November 3rd. Raymond James Financial restated a "market perform" rating on shares of Apple in a research note on Tuesday, November 3rd. Melius Research set a $370.00 price target on shares of Apple in a report on Tuesday, November 3rd. Finally, KeyCorp reaffirmed an "underweight" rating and set a $250.00 price target on shares of Apple in a report on Tuesday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, twelve have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $347.11.

About Apple

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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