Apple Inc. $AAPL Shares Purchased by Winthrop Advisory Group LLC

Key Points

• Winthrop Advisory Group increased its Apple stake by 11.8% in the third quarter, adding 18,122 shares to hold 171,711 shares valued at about $57.2 million.
• Apple beat quarterly earnings and revenue expectations, reporting EPS of $2.10 and revenue of $114.48 billion; revenue rose 11.7% year over year.
• Analysts’ consensus rating was “Moderate Buy,” with an average price target of $347.11, while recent coverage highlighted both potential iPhone-driven growth and margin concerns from higher memory-chip costs.

Winthrop Advisory Group LLC grew its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 11.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 171,711 shares of the iPhone maker's stock after buying an additional 18,122 shares during the period. Apple makes up 3.5% of Winthrop Advisory Group LLC's portfolio, making the stock its 10th biggest position. Winthrop Advisory Group LLC's holdings in Apple were worth $57,183,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Avenir Tech Ltd bought a new stake in Apple in the second quarter valued at approximately $29,000. Longfellow Investment Management Co. LLC bought a new stake in shares of Apple in the second quarter valued at about $30,000. Ironwood Wealth Management Inc. bought a new stake in Apple in the 3rd quarter valued at approximately $34,000. Ascentis Wealth Management LLC lifted its position 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 purchasing an additional 260,792 shares in the last quarter. Finally, Bamco Inc. NY acquired a new position in shares of Apple during the 2nd quarter worth about $118,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Stock Performance

Shares of NASDAQ AAPL opened at $354.88 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.02 and a quick ratio of 0.94. The stock's fifty day moving average price is $338.48 and its two-hundred day moving average price is $300.56. Apple Inc. has a one year low of $243.42 and a one year high of $359.37. The firm has a market cap of $5.16 trillion, a price-to-earnings ratio of 39.56, a P/E/G ratio of 3.42 and a beta of 1.07.

Apple (NASDAQ:AAPL - Get Free Report) last posted 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 return on equity of 125.35% and a net margin of 27.60%. The firm had revenue of $114.48 billion for the quarter, compared to analysts' expectations of $113.40 billion. During the same quarter last year, the business earned $1.85 EPS. The company's quarterly revenue was up 11.7% compared to the same quarter last year. On average, equities analysts forecast that Apple Inc. will post 9.45 EPS for the current year.

Apple Dividend Announcement

The firm 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 dividend yield of 0.3%. Apple's dividend payout ratio is 12.04%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on AAPL shares. Melius Research set a $370.00 price objective on Apple in a report on Tuesday, November 3rd. DA Davidson raised their target price on shares of Apple from $270.00 to $295.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 3rd. Monness Crespi & Hardt reaffirmed a "buy" rating and set a $355.00 target price on shares of Apple in a report on Wednesday, October 28th. Seaport Research Partners lowered shares of Apple from a "buy" rating to a "neutral" rating in a research note on Monday, August 17th. Finally, Moffett Nathanson set a $283.00 price target on shares of Apple and gave the company a "neutral" rating in a report on Tuesday, October 20th. Two equities research 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 issued a Sell rating to the company. According to data from MarketBeat.com, Apple has an average rating of "Moderate Buy" and an average target price of $347.11.

Key Headlines Impacting Apple

Here are a few of the latest headlines about AAPL:

• Positive Sentiment: China Renaissance upgraded Apple to Buy from Hold and set a $425 price target, citing potential from the first foldable iPhone. Coverage also points to strong interest in the new iPhone lineup as a possible catalyst for continued growth. Apple stock gains as analyst sets a $425 target
• Negative Sentiment: Higher memory-chip prices are a near-term margin risk. Apple’s December-quarter gross-margin outlook was reported below analyst expectations, despite record quarterly sales, raising concerns that component costs could weigh on profitability. Why Apple Stock Fell Despite a Record Quarter
• Negative Sentiment: Some analysts and investors view AAPL as expensive after its strong run, while recent coverage shows disagreement on the outlook, including a DZ Bank downgrade to Sell. Rich valuation leaves less room for disappointment. Apple Shares Look Expensive Heading into 2027

Insider Buying and Selling at Apple

In other Apple news, CEO John Ternus sold 25,412 shares of the business's stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $332.94, for a total value of $8,460,671.28. Following the completion of the sale, the chief executive officer owned 59,567 shares of the company's stock, valued at $19,832,236.98. The trade was a 29.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Timothy D. Cook sold 191,753 shares of the stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $332.96, for a total transaction of $63,846,078.88. Following the transaction, the insider owned 3,264,168 shares in the company, valued at approximately $1,086,837,377.28. The trade was a 5.55% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 292,611 shares of company stock valued at $97,482,597 in the last three months. 0.06% of the stock is owned by insiders.

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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