Apple Inc. $AAPL Shares Sold by CMH Wealth Management LLC

Key Points

• CMH Wealth Management cut its Apple stake by 2.8% in the third quarter, selling 2,455 shares and retaining 84,731 shares valued at about $28.2 million.
• Apple represents approximately 4.2% of CMH’s portfolio and is its third-largest holding; institutional investors and hedge funds own 67.73% of the company’s stock.
• Apple beat quarterly estimates with EPS of $2.10 and revenue of $114.48 billion, up 11.7% year over year. Analysts’ consensus rating is “Moderate Buy,” with a $343.74 average price target.

CMH Wealth Management LLC reduced its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 2.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 84,731 shares of the iPhone maker's stock after selling 2,455 shares during the period. Apple makes up approximately 4.2% of CMH Wealth Management LLC's portfolio, making the stock its 3rd biggest holding. CMH Wealth Management LLC's holdings in Apple were worth $28,217,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Berkshire Hathaway Inc purchased a new position in shares of Apple during the 2nd quarter valued at about $65,950,297,000. Bank of America Corp DE acquired a new position in shares of Apple in the 2nd quarter valued at about $36,986,090,000. Legal & General Group Plc purchased a new stake in shares of Apple in the second quarter worth about $30,443,242,000. Deutsche Bank AG purchased a new stake in shares of Apple in the second quarter worth about $13,658,359,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Apple in the second quarter worth about $10,588,946,000. 67.73% of the stock is owned by institutional investors and hedge funds.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple has held up better than many Big Tech peers and recently reached record territory, with investors appearing to favor its restrained AI infrastructure spending compared with peers’ heavy investment. That approach may help preserve cash and margins, though it also raises questions about its AI competitiveness. Apple Is Holding Strong While Big Tech Sells Off. Is It Next?
• Positive Sentiment: Apple Intelligence cleared a regulatory step for use on tablets and laptops in China, potentially expanding the service’s reach in a key market. Apple Intelligence registers with Chinese regulator
• Neutral Sentiment: Apple is reportedly holding capital spending steady while rivals accelerate AI infrastructure investment. This could support cash generation, but investors may also question whether the company is investing enough to keep pace in AI. Apple holds capex steady as peers accelerate AI infrastructure buildout
• Negative Sentiment: Binance warned that an iOS vulnerability could allow malicious apps to access data from other apps, potentially exposing crypto-wallet keys and credentials. Uncertainty over affected versions and whether updates resolve the flaw could create security and reputational concerns. Binance warns iOS flaw could expose crypto wallet keys
• Negative Sentiment: Reports of worker deaths at an Indian supplier and an ensuing investigation raise potential supply-chain, operational and reputational risks as Apple expands manufacturing in India. Apple faces major supplier investigation after 3 worker deaths
• Negative Sentiment: Valuation concerns and a reported memory-cost squeeze could pressure expectations. KeyCorp also cut its fiscal 2027 EPS forecast to $8.34 from $9.08 and maintains an Underweight rating with a $250 price target, well below the consensus forecast cited in the report. Apple Is Above $5 Trillion After Its First-Ever Close Above $350

Insiders Place Their Bets

In other news, SVP Jennifer Newstead sold 2,399 shares of the stock in a transaction that occurred on Tuesday, October 6th. The stock was 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 trade represents a 5.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Deirdre O'brien sold 46,389 shares of the 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 transaction, the senior vice president owned 136,810 shares in the company, valued at $45,615,190.20. This trade represents a 25.32% 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. 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.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Bank of America reiterated a "buy" rating and set a $370.00 price target on shares of Apple in a research report on Wednesday, September 23rd. BTIG Research started coverage on Apple in a research report on Monday, August 17th. They issued a "neutral" rating on the stock. Guggenheim set a $400.00 price objective on Apple in a research report on Tuesday, November 3rd. UBS Group reaffirmed a "neutral" rating and set a $340.00 price objective (up from $296.00) on shares of Apple in a research note on Tuesday, November 3rd. Finally, Robert W. Baird set a $340.00 target price on shares of Apple and gave the company an "outperform" rating in a report on Tuesday, November 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, thirteen have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $343.74.

Apple Price Performance

Shares of Apple stock opened at $348.56 on Wednesday. The firm has a market cap of $5.07 trillion, a PE ratio of 38.86, a P/E/G ratio of 3.38 and a beta of 1.07. Apple Inc. has a twelve month low of $243.42 and a twelve month high of $355.38. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.61. The business has a 50-day moving average price of $337.27 and a 200 day moving average price of $299.52.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings results on Monday, November 2nd. The iPhone maker reported $2.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.99 by $0.11. Apple had a return on equity of 125.35% and a net margin of 27.60%. The company had revenue of $114.48 billion for the quarter, compared to the consensus estimate of $113.40 billion. During the same quarter in the prior year, the business posted $1.85 earnings per share. Apple's revenue for the quarter was up 11.7% on a year-over-year basis. Sell-side analysts predict that Apple Inc. will post 9.44 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Thursday, November 12th will be paid 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 dividend payout ratio is presently 12.04%.

Apple Company 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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