Apple Inc. $AAPL Shares Sold by BRIA Capital Group LLC

Key Points

• BRIA Capital Group cut its Apple stake by 24% in the third quarter, selling 5,492 shares; it ended the period with 17,427 shares valued at about $5.8 million.
• Institutional investors own 67.73% of Apple shares, with some major investors increasing or establishing positions, including State Street, Berkshire Hathaway and Bank of America.
• Apple beat quarterly earnings expectations, reporting EPS of $2.10 versus estimates of $1.99 and revenue of $114.48 billion. Analysts’ consensus rating is “Moderate Buy,” with a $347.11 average price target.

BRIA Capital Group LLC cut its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 24.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,427 shares of the iPhone maker's stock after selling 5,492 shares during the quarter. Apple comprises approximately 3.9% of BRIA Capital Group LLC's holdings, making the stock its 5th largest position. BRIA Capital Group LLC's holdings in Apple were worth $5,803,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. State Street Corp boosted 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 worth $182,897,769,000 after purchasing an additional 28,321,085 shares in the last quarter. Berkshire Hathaway Inc acquired a new position in Apple during the second quarter worth $65,950,297,000. Bank of America Corp DE bought a new position in Apple during the second quarter valued at about $36,986,090,000. Legal & General Group Plc bought a new position in Apple during the second quarter valued at about $30,443,242,000. Finally, Amundi raised its holdings in Apple by 23.2% during the first quarter. Amundi now owns 73,082,616 shares of the iPhone maker's stock valued at $18,547,637,000 after buying an additional 13,780,080 shares in the last quarter. 67.73% of the stock is owned by institutional investors.

Latest Apple News

Investors following AAPL have been watching these news items:

• Neutral Sentiment: Google is bringing its Gemini assistant to Apple CarPlay, adding a new AI feature for iPhone users. The partnership may improve CarPlay’s utility, though the assistant is Google’s service rather than Apple’s. Google Brings Gemini Live to Apple CarPlay
• 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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AAPL. The Goldman Sachs Group set a $380.00 price target on Apple in a research report on Wednesday, November 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 objective on the stock. Rothschild & Co Redburn set a $400.00 price objective on Apple and gave the company a "buy" rating in a research note on Monday, August 17th. Wells Fargo & Company restated an "overweight" rating and issued a $350.00 target price (up from $310.00) on shares of Apple in a report on Friday, July 31st. Finally, Deutsche Bank cut Apple from a "buy" rating to a "hold" rating in a research report on Monday, August 17th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, twelve have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $347.11.

Apple Stock Performance

Shares of AAPL opened at $354.88 on Friday. The company has a market capitalization of $5.16 trillion, a PE ratio of 39.56, a price-to-earnings-growth ratio of 3.42 and a beta of 1.07. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.02 and a quick ratio of 0.94. Apple Inc. has a one year low of $243.42 and a one year high of $359.37. The company's fifty day moving average price is $338.48 and its 200 day moving average price is $300.56.

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

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Thursday, November 12th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, November 12th. Apple's payout ratio is currently 12.04%.

Insiders Place Their Bets

In related news, insider Timothy 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 completion of the sale, the insider owned 3,264,168 shares in the company, valued at $1,086,837,377.28. This represents a 5.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Deirdre O'brien sold 46,389 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the senior vice president directly owned 136,810 shares in the company, valued at $45,615,190.20. This trade represents a 25.32% decrease in their position. 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. Insiders sold a total of 292,611 shares of company stock worth $97,482,597 over the last quarter. 0.06% of the stock is currently owned by company insiders.

Apple Profile

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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