Apple Inc. $AAPL Shares Sold by Culbertson A N & Co. Inc.

Key Points

• Culbertson A N & Co. cut its Apple stake by 1.7%, selling 2,954 shares, but still held 175,047 shares valued at about $58.3 million; Apple remains its second-largest portfolio holding.
• Analysts give Apple a consensus “Moderate Buy” rating and an average price target of $343.74, with targets ranging as high as $400.
• 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.

Culbertson A N & Co. Inc. trimmed its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 1.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 175,047 shares of the iPhone maker's stock after selling 2,954 shares during the period. Apple makes up 6.5% of Culbertson A N & Co. Inc.'s investment portfolio, making the stock its 2nd biggest holding. Culbertson A N & Co. Inc.'s holdings in Apple were worth $58,294,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Avenir Tech Ltd bought a new position in shares of Apple in the 2nd quarter worth $29,000. Longfellow Investment Management Co. LLC bought a new position in Apple in the second quarter valued at $30,000. Ironwood Wealth Management Inc. purchased a new stake in Apple during the third quarter valued at about $34,000. Ascentis Wealth Management LLC lifted its stake in Apple by 822.7% during 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 during the last quarter. Finally, Bamco Inc. NY bought a new stake in Apple during the second quarter worth about $118,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AAPL. JPMorgan Chase & Co. cut their price objective on Apple from $360.00 to $355.00 and set an "overweight" rating for the company in a report on Tuesday, November 3rd. Royal Bank Of Canada set a $365.00 target price on Apple in a research report on Wednesday, July 15th. Daiwa Securities Group upped their target price on Apple from $325.00 to $335.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 11th. Rothschild & Co Redburn set a $400.00 price target on shares of Apple and gave the company a "buy" rating in a research report on Monday, August 17th. Finally, Guggenheim set a $400.00 price target on shares of Apple in a research report on Tuesday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, thirteen have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Apple currently has an average rating of "Moderate Buy" and a consensus target price of $343.74.

Insider Activity

In related news, insider Timothy D. Cook sold 191,753 shares of the firm's stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $332.96, for a total value of $63,846,078.88. Following the sale, the insider directly owned 3,264,168 shares of the company's stock, valued at $1,086,837,377.28. This trade represents a 5.55% decrease in their ownership of the stock. The transaction 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, CEO John Ternus sold 25,412 shares of the firm's stock in a transaction dated Friday, October 2nd. The stock was 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 directly owned 59,567 shares in the company, valued at $19,832,236.98. The trade was a 29.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 290,212 shares of company stock worth $96,639,685 over the last ninety days. 0.06% of the stock is owned by insiders.

Key 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

Apple Trading Down 0.6%

Shares of AAPL stock opened at $348.56 on Wednesday. The business has a 50-day moving average of $337.27 and a 200 day moving average of $299.52. 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 1-year low of $243.42 and a 1-year high of $355.38. The stock has a market capitalization 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 (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings results on Monday, November 2nd. The iPhone maker reported $2.10 EPS for the quarter, topping analysts' consensus estimates of $1.99 by $0.11. The business had revenue of $114.48 billion for the quarter, compared to analysts' expectations of $113.40 billion. Apple had a return on equity of 125.35% and a net margin of 27.60%. The business's quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.85 EPS. As a group, sell-side analysts anticipate that Apple Inc. will post 9.44 earnings per share for the current year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Thursday, November 12th will be given a $0.27 dividend. The ex-dividend date is Thursday, November 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. Apple's payout ratio is presently 12.04%.

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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