Apple Inc. $AAPL Shares Acquired by Tanager Wealth Management LLP

Key Points

• Tanager Wealth Management increased its Apple stake by 3.4% in the third quarter, buying 2,281 shares to hold 69,765 shares valued at about $23.2 million. Apple represents roughly 1.9% of the firm’s portfolio.
• Apple reported quarterly revenue of $114.48 billion, up 11.7% year over year, and earnings per share of $2.10, both ahead of analyst expectations.
• Despite the earnings beat, investors face potential margin pressure: Apple forecast holiday-quarter gross margins of 45%–46%, citing higher memory costs and Siri AI spending. Analysts’ consensus rating is “Moderate Buy,” with a $343.28 average price target.

Tanager Wealth Management LLP lifted its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 3.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,765 shares of the iPhone maker's stock after purchasing an additional 2,281 shares during the quarter. Apple accounts for approximately 1.9% of Tanager Wealth Management LLP's investment portfolio, making the stock its 15th biggest holding. Tanager Wealth Management LLP's holdings in Apple were worth $23,233,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Highland Financial Advisors LLC grew its position in Apple by 5.2% in the third quarter. Highland Financial Advisors LLC now owns 8,079 shares of the iPhone maker's stock valued at $2,691,000 after purchasing an additional 400 shares in the last quarter. Value Partners Investments Inc. increased its stake in Apple by 10.3% in the 3rd quarter. Value Partners Investments Inc. now owns 1,931 shares of the iPhone maker's stock valued at $645,000 after buying an additional 180 shares during the last quarter. Fairvoy Private Wealth LLC increased its stake in Apple by 2.4% in the 3rd quarter. Fairvoy Private Wealth LLC now owns 44,576 shares of the iPhone maker's stock valued at $14,845,000 after buying an additional 1,025 shares during the last quarter. Clark Financial Services Group Inc. BD lifted its position in Apple by 1.1% during the 3rd quarter. Clark Financial Services Group Inc. BD now owns 27,189 shares of the iPhone maker's stock worth $9,055,000 after buying an additional 289 shares in the last quarter. Finally, Hidden Cove Wealth Management LLC lifted its position in Apple by 1.5% during the 3rd quarter. Hidden Cove Wealth Management LLC now owns 28,712 shares of the iPhone maker's stock worth $9,562,000 after buying an additional 431 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Apple Stock Performance

NASDAQ AAPL opened at $331.90 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. The firm's fifty day moving average price is $334.05 and its two-hundred day moving average price is $297.13. Apple Inc. has a 1 year low of $243.42 and a 1 year high of $351.73. The firm has a market capitalization of $4.84 trillion, a P/E ratio of 37.00, a price-to-earnings-growth ratio of 2.82 and a beta of 1.07.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings results on Monday, November 2nd. The iPhone maker reported $2.10 EPS for the quarter, beating 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 firm had revenue of $114.48 billion during the quarter, compared to analysts' expectations of $113.40 billion. During the same quarter last year, the company posted $1.85 earnings per share. The company's revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, research analysts anticipate that Apple Inc. will post 9.56 EPS for the current year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Thursday, November 12th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, November 12th. Apple's dividend payout ratio is presently 12.39%.

Insider Buying and Selling

In related news, insider Ben Borders sold 1,280 shares of Apple stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $345.40, for a total transaction of $442,112.00. Following the completion of the transaction, the insider owned 38,288 shares in the company, valued at approximately $13,224,675.20. This trade represents a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 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 transaction, the senior vice president directly owned 136,810 shares in the company, valued at approximately $45,615,190.20. This trade represents a 25.32% decrease in their position. 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 sold 289,252 shares of company stock worth $96,301,063 in the last 90 days. 0.06% of the stock is owned by corporate insiders.

Apple News Roundup

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on AAPL shares. CICC Research increased their price objective on shares of Apple from $310.00 to $340.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 4th. Rothschild & Co Redburn set a $400.00 target price on Apple and gave the company a "buy" rating in a research report on Monday, August 17th. Citic Securities upped their target price on Apple from $300.00 to $349.00 in a report on Thursday, August 6th. Melius Research set a $370.00 price target on Apple in a research report on Tuesday. Finally, Seaport Research Partners cut Apple from a "buy" rating to a "neutral" rating in a research report on Monday, August 17th. One 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 assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $343.28.

Apple Company 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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