Apple Inc. $AAPL Shares Purchased by Gimbal Financial

Key Points

• Gimbal Financial increased its Apple stake by 760.7% in the third quarter, purchasing 27,492 additional shares for a total holding of 31,106 shares valued at approximately $10.36 million. Apple now represents 6% of Gimbal’s portfolio.
• Apple reported a quarterly earnings beat, with revenue up 11.7% year over year to $114.48 billion and EPS of $2.10 versus the $1.99 consensus estimate. Growth was driven primarily by strong iPhone 18 Pro demand, while Mac and Services also posted records.
• Despite the strong results, investors face risks including weaker-than-expected China, iPad and Wearables sales, rising component costs, and potential margin pressure. Apple shares opened at $338.32, while analysts maintained a “Moderate Buy” consensus with an average price target of $340.49.

Gimbal Financial lifted its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 760.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,106 shares of the iPhone maker's stock after purchasing an additional 27,492 shares during the period. Apple accounts for 6.0% of Gimbal Financial's portfolio, making the stock its 4th largest position. Gimbal Financial's holdings in Apple were worth $10,359,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in the business. Sterling Wealth Management Inc. increased its holdings in Apple by 0.3% in the second quarter. Sterling Wealth Management Inc. now owns 11,579 shares of the iPhone maker's stock valued at $3,351,000 after purchasing an additional 30 shares during the last quarter. Thor Investment Management Inc. OH ADV increased its holdings in shares of Apple by 1.6% in the third quarter. Thor Investment Management Inc. OH ADV now owns 1,912 shares of the iPhone maker's stock worth $637,000 after acquiring an additional 30 shares in the last quarter. Evansbrook LLC raised its position in shares of Apple by 0.4% during the first quarter. Evansbrook LLC now owns 8,095 shares of the iPhone maker's stock worth $2,054,000 after purchasing an additional 34 shares during the period. JMG Financial Group Ltd. raised its position in shares of Apple by 0.7% during the first quarter. JMG Financial Group Ltd. now owns 5,102 shares of the iPhone maker's stock worth $1,295,000 after purchasing an additional 35 shares during the period. Finally, Wealth Forward LLC lifted its holdings in shares of Apple by 0.3% during the 3rd quarter. Wealth Forward LLC now owns 13,327 shares of the iPhone maker's stock valued at $4,438,000 after purchasing an additional 35 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Trading Down 1.8%

NASDAQ AAPL opened at $338.32 on Tuesday. The company has a market cap of $4.94 trillion, a PE ratio of 38.80, a PEG ratio of 2.72 and a beta of 1.07. 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 stock has a 50 day moving average of $333.62 and a 200-day moving average of $296.77. Apple Inc. has a 12 month low of $243.42 and a 12 month high of $351.73.

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 net margin of 27.62% and a return on equity of 135.46%. The company had revenue of $114.48 billion for the quarter, compared to analyst estimates of $113.40 billion. During the same period in the previous year, the business earned $1.85 EPS. Apple's revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities research analysts anticipate that Apple Inc. will post 8.75 EPS for the current fiscal year.

Insider Activity at Apple

In other Apple news, SVP Deirdre O'brien sold 46,389 shares of the company's stock in a transaction on Friday, October 2nd. The shares were 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 $45,615,190.20. The trade was a 25.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 2,399 shares of Apple stock in a transaction dated Tuesday, September 29th. The stock was sold at an average price of $336.18, for a total transaction of $806,495.82. Following the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 289,252 shares of company stock valued at $96,301,063. 0.06% of the stock is owned by company insiders.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple reported fiscal fourth-quarter revenue of $114.48 billion, up 12% year over year and above the approximately $113.4 billion consensus estimate. Diluted EPS of $2.10 also exceeded expectations near $1.99. Apple results beat Wall Street expectations on strong iPhone sales
• Positive Sentiment: Growth was led by early demand for the iPhone 18 Pro lineup, with iPhone revenue reaching $57.6 billion, up 17%, while Mac sales and Services also set records. Apple’s active installed base reached an all-time high, supporting its ecosystem and recurring-revenue outlook. Apple Q4 earnings call: Ternus breaks down excellent quarter
• Positive Sentiment: Relatively light quarterly capital spending of $2.24 billion, below the expected $3.33 billion, reinforces Apple’s cash-generation and capital-discipline story as other technology companies spend heavily on AI infrastructure. Big quarterly beats after the close
• Neutral Sentiment: The report was the first under CEO John Ternus. His defense of Apple’s measured AI strategy may appeal to investors seeking profitable, product-focused AI development, but it leaves the company with less visible AI investment than major rivals.
• Negative Sentiment: China revenue fell short of projections, while iPad and Wearables, Home and Accessories sales missed estimates. These weaknesses offset the iPhone and Mac strength and raised concerns about regional and product-line momentum. New CEO John Ternus delivers an Apple earnings beat
• Negative Sentiment: Memory-chip inflation and component shortages threaten future gross margins. Apple’s inventory rose from $11.09 billion to $14.54 billion during the quarter, suggesting the company is stockpiling components but also tying up more cash. Apple inventory surges as memory chip costs climb
• Negative Sentiment: EPS benefited from a roughly $0.05-per-share tariff refund, and gross margin received an approximately one-percentage-point boost. Investors may therefore view part of the earnings beat as one-time rather than purely operational. Apple reports fourth quarter results

Analysts Set New Price Targets

Several brokerages recently issued reports on AAPL. TD Cowen reiterated a "buy" rating and issued a $400.00 price objective on shares of Apple in a research report on Thursday, September 10th. Phillip Securities raised their target price on shares of Apple from $290.00 to $300.00 and gave the stock a "neutral" rating in a report on Monday, September 14th. Needham & Company LLC reaffirmed a "hold" rating on shares of Apple in a research note on Thursday, October 1st. Jefferies Financial Group reiterated an "underperform" rating on shares of Apple in a report on Wednesday, September 9th. Finally, Rothschild & Co Redburn set a $400.00 price objective on shares of Apple and gave the stock a "buy" rating in a research report on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $340.49.

About Apple

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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