Apple Inc. $AAPL Shares Sold by Algert Global LLC

Key Points

• Algert Global LLC reduced its Apple stake by 2.2% in Q3, selling 3,330 shares and leaving it with 149,431 shares worth $38.05 million, with Apple representing about 0.6% of the firm's portfolio and its fourth-largest holding.
• Other major institutions largely added to positions—Vanguard, State Street and Geode increased holdings, Northern Trust bought more, and Norges Bank initiated a new stake valued at roughly $38.94 billion—bringing institutional ownership to about 67.73%.
• Apple beat earnings and revenue estimates (EPS $2.84 vs. $2.67; revenue $143.76B vs. $138.25B), declared a $0.26 quarterly dividend, and holds a consensus analyst rating of "Moderate Buy" with a $297.58 target (some firms raise targets to $325).

Algert Global LLC decreased its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 2.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 149,431 shares of the iPhone maker's stock after selling 3,330 shares during the quarter. Apple accounts for approximately 0.6% of Algert Global LLC's portfolio, making the stock its 4th largest position. Algert Global LLC's holdings in Apple were worth $38,050,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Apple by 1.1% during the second quarter. Vanguard Group Inc. now owns 1,415,932,804 shares of the iPhone maker's stock worth $290,506,933,000 after buying an additional 15,141,995 shares in the last quarter. State Street Corp grew its position in shares of Apple by 0.9% in the 2nd quarter. State Street Corp now owns 601,249,995 shares of the iPhone maker's stock valued at $123,358,461,000 after buying an additional 5,224,229 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Apple by 1.4% during the second quarter. Geode Capital Management LLC now owns 354,749,794 shares of the iPhone maker's stock worth $72,506,336,000 after purchasing an additional 4,942,638 shares in the last quarter. Norges Bank purchased a new stake in Apple in the second quarter valued at approximately $38,942,255,000. Finally, Northern Trust Corp grew its position in Apple by 13.3% during the 4th quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker's stock worth $42,918,365,000 after purchasing an additional 20,079,472 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Needham & Company LLC reissued a "hold" rating on shares of Apple in a research note on Friday, January 30th. Loop Capital reiterated a "buy" rating and set a $325.00 target price (up from $315.00) on shares of Apple in a research report on Tuesday, December 2nd. Raymond James Financial restated a "market perform" rating on shares of Apple in a research report on Friday, January 2nd. Royal Bank Of Canada set a $325.00 target price on shares of Apple in a research note on Monday, February 2nd. Finally, JPMorgan Chase & Co. increased their price target on Apple from $315.00 to $325.00 and gave the stock an "overweight" rating in a research note on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Apple currently has a consensus rating of "Moderate Buy" and a consensus target price of $297.58.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s new low-cost devices (MacBook Neo, iPhone 17e) broaden addressable market and could win share versus cheaper Windows/Chromebooks — a strategic growth lever even if it pressures near-term margins. How Apple's new low-cost MacBook Neo may shake up the market
• Positive Sentiment: Early Formula 1 ratings for AppleTV’s exclusive U.S. stream were strong, supporting the thesis that exclusive sports/content deals can grow Services subscriptions and engagement over time. Apple Gets Early Formula 1 Ratings Win
• Positive Sentiment: India’s plan to roll fresh smartphone manufacturing incentives could help Apple expand local production and improve margin/market access over the medium term. India plans fresh incentives for phone production
• Neutral Sentiment: Analyst views are mixed: a few firms raised targets or reiterated buys while others stay cautious/neutral; median price targets remain above the market, keeping a longer-term bullish backdrop but no unanimous near-term catalyst. Apple Stock Opinions on Tech Sector Pullback
• Negative Sentiment: Apple cut its mainland China App Store commission to 25% (and mini-app fees to 12%) after regulator talks — good for developer relations but a direct hit to Services take-rate and near-term revenue in its second‑largest market. Apple cuts China App Store commission fees after government pressure
• Negative Sentiment: Strong insider selling and social/board chatter about a tech pullback and China demand risks are weighing on sentiment — traders are highlighting technical weakness and short-term bearish views. Apple Stock Opinions on Tech Sector Pullback
• Negative Sentiment: Macro and supply‑chain risks (memory/storage cost inflation and geopolitical disruption tied to the Iran war) could raise component costs and compress device margins if Apple absorbs price moves to hold consumer prices. The Iran War Could Upend AI. Here’s How.

Apple Stock Down 2.2%

Shares of NASDAQ:AAPL opened at $250.12 on Friday. The company has a market capitalization of $3.67 trillion, a price-to-earnings ratio of 31.62, a price-to-earnings-growth ratio of 2.23 and a beta of 1.10. The company has a 50 day moving average of $262.08 and a two-hundred day moving average of $261.52. Apple Inc. has a 52-week low of $169.21 and a 52-week high of $288.62. The company has a quick ratio of 0.94, a current ratio of 0.97 and a debt-to-equity ratio of 0.87.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, January 29th. The iPhone maker reported $2.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.67 by $0.17. Apple had a return on equity of 159.94% and a net margin of 27.04%.The business had revenue of $143.76 billion for the quarter, compared to analyst estimates of $138.25 billion. During the same period in the previous year, the company earned $2.40 earnings per share. The company's revenue for the quarter was up 15.7% compared to the same quarter last year. As a group, analysts forecast that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Monday, February 9th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, February 9th. Apple's payout ratio is 13.15%.

Apple Company Profile

Apple Inc NASDAQ: AAPL is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple's principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.

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