Apple Inc. $AAPL Shares Newly Purchased by Gainline Financial Partners LLC

Key Points

• Gainline Financial Partners purchased 3,382 Apple shares worth approximately $979,000, making Apple its 19th-largest holding and about 0.9% of its portfolio.
• Institutional investors own 67.73% of Apple, while insiders own just 0.06%; company executives sold shares recently, including a $15.5 million tax-related sale by SVP Deirdre O’Brien.
• Apple recently exceeded quarterly earnings and revenue expectations, with revenue up 16.4% year over year. Analysts maintain a consensus “Moderate Buy” rating and an average price target of $340.02.

Gainline Financial Partners LLC purchased a new position in Apple Inc. (NASDAQ:AAPL - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 3,382 shares of the iPhone maker's stock, valued at approximately $979,000. Apple makes up about 0.9% of Gainline Financial Partners LLC's portfolio, making the stock its 19th biggest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AAPL. Avenir Tech Ltd purchased a new position in shares of Apple during the 2nd quarter valued at approximately $29,000. Longfellow Investment Management Co. LLC bought a new stake in shares of Apple in the second quarter worth $30,000. Lifetime Wealth Management P.C. bought a new stake in shares of Apple in the fourth quarter worth $41,000. ABS Investment Management LLC acquired a new stake in Apple in the second quarter valued at $376,168,000. Finally, Basso Capital Management L.P. bought a new position in Apple during the 4th quarter valued at $88,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

Insider Activity

In other Apple news, SVP Jennifer Newstead sold 2,399 shares of the business's stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $336.18, for a total transaction of $806,495.82. Following the completion of the transaction, the senior vice president directly owned 41,992 shares of the company's stock, valued at $14,116,870.56. The trade was a 5.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Deirdre O'brien sold 46,389 shares of the company's stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $333.42, for a total transaction 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 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. Over the last 90 days, insiders sold 276,984 shares of company stock valued at $92,116,025. Company insiders own 0.06% of the company's stock.

Apple Price Performance

Shares of AAPL opened at $336.67 on Thursday. Apple Inc. has a 12 month low of $243.42 and a 12 month high of $345.34. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. The stock has a fifty day moving average price of $321.92 and a 200 day moving average price of $302.11. The company has a market cap of $4.91 trillion, a P/E ratio of 38.61, a PEG ratio of 2.66 and a beta of 1.07.

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

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were given a $0.27 dividend. The ex-dividend date was Monday, August 10th. This represents a $1.08 annualized dividend and a yield of 0.3%. Apple's dividend payout ratio (DPR) is currently 12.39%.

Analysts Set New Price Targets

AAPL has been the subject of several recent analyst reports. CICC Research raised their price objective on shares of Apple from $310.00 to $340.00 and gave the stock an "outperform" rating in a report on Tuesday, August 4th. Robert W. Baird upped their target price on shares of Apple from $310.00 to $330.00 and gave the company an "outperform" rating in a research note on Friday, July 24th. Loop Capital set a $380.00 price target on shares of Apple in a research report on Friday, September 18th. KeyCorp reiterated an "underweight" rating on shares of Apple in a research note on Friday, September 4th. Finally, Maxim Group boosted their price objective on Apple from $350.00 to $380.00 and gave the company a "buy" rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $340.02.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is reportedly partnering with LG Electronics to develop a smart-home lineup including a doorbell, smart lock, thermostat and other accessories tied to a new Apple home hub. The initiative could expand the HomeKit ecosystem, create new hardware and services revenue, and intensify competition with Amazon’s Ring and Google’s Nest. Apple partners with LG on smart-home devices
• Positive Sentiment: Apple’s App Store revenue growth reportedly rebounded to 5% in September after a weaker August. Continued Services momentum supports the company’s recurring-revenue profile, though investors are watching whether the improvement proves durable. Apple App Store growth rebounds
• Neutral Sentiment: CEO John Ternus sold 25,412 shares worth about $8.5 million to cover tax withholding tied to equity vesting. Because the transaction was tax-related rather than described as discretionary selling, it is unlikely to materially change the investment case, though it may create short-term headline pressure. Apple CEO stock sale
• Negative Sentiment: Morgan Stanley lowered its Apple price target to $355 despite raising revenue forecasts, citing softer iPhone pricing and higher memory-chip costs that could compress gross margins. The target is only modestly above recent trading levels, limiting perceived upside. Morgan Stanley cuts Apple price target
• Negative Sentiment: Several valuation comparisons highlight that investors pay substantially more for each dollar of Apple’s earnings than for Nvidia’s, despite Nvidia’s stronger recent profitability. With AAPL trading at an elevated earnings multiple, the stock may require sustained iPhone, Services and AI growth to justify its premium. Nvidia versus Apple valuation comparison

Apple Profile

Apple Inc is a technology company that designs, develops and markets 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 software platforms, including iOS, macOS, iPadOS, watchOS and visionOS.

Apple's services business includes the App Store, Apple Music, Apple TV+, Apple Arcade, Apple News+, Apple Fitness+ and iCloud.

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