Apple Inc. $AAPL Shares Purchased by Andrew Hill Investment Advisors Inc.

Key Points

• Andrew Hill Investment Advisors increased its Apple stake 58.6% in the third quarter, adding 9,449 shares to reach 25,586 shares valued at about $8.5 million. Apple is now the firm’s second-largest holding.
• Apple reported quarterly earnings of $2.10 per share and revenue of $114.48 billion, both above analyst expectations; 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 target. The article also notes memory-chip costs may pressure margins, despite the strong results.

Andrew Hill Investment Advisors Inc. raised its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 58.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,586 shares of the iPhone maker's stock after acquiring an additional 9,449 shares during the quarter. Apple comprises approximately 6.8% of Andrew Hill Investment Advisors Inc.'s investment portfolio, making the stock its 2nd biggest holding. Andrew Hill Investment Advisors Inc.'s holdings in Apple were worth $8,521,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. State Street Corp lifted its holdings in Apple by 4.7% in the second quarter. State Street Corp now owns 630,662,494 shares of the iPhone maker's stock valued at $182,897,769,000 after buying an additional 28,321,085 shares during the period. Berkshire Hathaway Inc acquired a new stake in Apple during the 2nd quarter worth $65,950,297,000. Bank of America Corp DE acquired a new stake in Apple during the 2nd quarter worth $36,986,090,000. Legal & General Group Plc bought a new stake in shares of Apple during the 2nd quarter valued at $30,443,242,000. Finally, Amundi raised its position in shares of Apple by 23.2% during the 1st quarter. Amundi now owns 73,082,616 shares of the iPhone maker's stock valued at $18,547,637,000 after acquiring an additional 13,780,080 shares during the last quarter. 67.73% of the stock is owned by institutional investors.

Apple Stock Performance

Shares of NASDAQ AAPL opened at $355.63 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.61. Apple Inc. has a 12 month low of $243.42 and a 12 month high of $355.91. The stock has a 50 day moving average of $337.88 and a 200-day moving average of $300.06. The company has a market capitalization of $5.17 trillion, a P/E ratio of 39.56, a P/E/G ratio of 3.35 and a beta of 1.07.

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

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Thursday, November 12th will be paid 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 payout ratio is 12.04%.

Analyst Ratings Changes

Several equities analysts have weighed in on AAPL shares. CICC Research increased their target price on Apple from $310.00 to $340.00 and gave the company an "outperform" rating in a research note on Tuesday, August 4th. Yorkville Ives began coverage on Apple in a research note on Tuesday, October 6th. They issued an "outperform" rating and a $400.00 price target for the company. KeyCorp reaffirmed an "underweight" rating and issued a $250.00 price target on shares of Apple in a research note on Tuesday, November 3rd. Raymond James Financial reiterated a "market perform" rating on shares of Apple in a research report on Tuesday, November 3rd. Finally, Argus lifted their price objective on shares of Apple from $375.00 to $400.00 and gave the stock a "buy" rating in a research note on Tuesday, November 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the company's stock. According to MarketBeat.com, Apple has an average rating of "Moderate Buy" and a consensus target price of $347.11.

Apple News Roundup

Here's some of the latest news about AAPL:

• Positive Sentiment: China Renaissance upgraded Apple to Buy from Hold and raised its price target to $425, citing growth potential from Apple’s first foldable iPhone. The bullish outlook helped support shares. Analyst raises Apple price target to $425
• 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

Insider Transactions at Apple

In other Apple news, SVP Jennifer Newstead sold 2,399 shares of the stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $332.01, for a total transaction of $796,491.99. Following the transaction, the senior vice president owned 39,593 shares in the company, valued at $13,145,271.93. This represents a 5.71% decrease in their position. The sale 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 stock in a transaction 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 sale, 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 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. In the last 90 days, insiders sold 290,212 shares of company stock valued at $96,639,685. Corporate insiders own 0.06% of the company's stock.

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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