Apple Inc. $AAPL Shares Sold by Neville Rodie & Shaw Inc.

Key Points

• Neville Rodie & Shaw Inc. reduced its Apple stake by 0.7% in the third quarter, selling 3,197 shares and retaining 437,068 shares worth approximately $145.4 million. Apple remains the firm’s largest holding and represents 10.2% of its portfolio.
• Institutional investors own 67.73% of Apple, while insiders have sold 279,383 shares worth about $92.9 million over the past 90 days; one executive’s sale was made to cover tax withholding on vested equity awards.
• Apple reported quarterly revenue of $109.42 billion and EPS of $2.02, beating analyst estimates, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $340.39.

Neville Rodie & Shaw Inc. trimmed its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 0.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 437,068 shares of the iPhone maker's stock after selling 3,197 shares during the period. Apple makes up 10.2% of Neville Rodie & Shaw Inc.'s portfolio, making the stock its biggest position. Neville Rodie & Shaw Inc.'s holdings in Apple were worth $145,417,000 at the end of the most recent quarter.

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

Insider Activity

In other Apple news, SVP Jennifer Newstead sold 2,399 shares of the company's stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $336.18, for a total value of $806,495.82. Following the completion of the transaction, the senior vice president owned 41,992 shares in the company, valued at approximately $14,116,870.56. This represents a 5.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Deirdre O'brien sold 46,389 shares of the company's stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $333.42, for a total transaction of $15,467,020.38. Following the completion of the transaction, the senior vice president owned 136,810 shares of the company's stock, valued at approximately $45,615,190.20. This trade represents a 25.32% decrease in their position. 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. Over the last 90 days, insiders sold 279,383 shares of company stock valued at $92,912,517. Company insiders own 0.06% of the company's stock.

Apple Stock Performance

AAPL stock opened at $341.27 on Wednesday. Apple Inc. has a 1 year low of $243.42 and a 1 year high of $348.15. The stock has a market capitalization of $4.98 trillion, a price-to-earnings ratio of 39.14, a PEG ratio of 2.72 and a beta of 1.07. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. The stock's fifty day moving average is $324.00 and its two-hundred day moving average is $304.61.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, topping the consensus estimate of $1.89 by $0.13. Apple had a net margin of 27.62% and a return on equity of 135.46%. The business had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. During the same quarter in the prior year, the firm earned $1.57 earnings per share. The company's quarterly revenue was up 16.4% on a year-over-year basis. On average, research analysts predict that Apple Inc. will post 8.75 EPS for the current year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, August 10th. Apple's payout ratio is presently 12.39%.

Wall Street Analyst Weigh In

AAPL has been the topic of a number of recent research reports. UBS Group restated a "neutral" rating on shares of Apple in a research report on Tuesday, October 6th. HSBC reaffirmed a "buy" rating and set a $366.00 price objective on shares of Apple in a research report on Tuesday, September 8th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Apple in a research note on Friday, September 25th. Moffett Nathanson reissued a "neutral" rating and issued a $304.00 target price (up from $270.00) on shares of Apple in a report on Tuesday, September 8th. Finally, TD Cowen reissued a "buy" rating and issued a $400.00 target price on shares of Apple in a report on Thursday, September 10th. One analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $340.39.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple launched the $299 HomeView smart-home hub, featuring an upgraded Siri AI assistant, along with a new Apple TV 4K, HomePod mini 2, cameras, a video doorbell, smart lock, thermostat and other accessories. The products expand Apple’s ecosystem into the home and provide a potential new source of hardware and services revenue. Apple releases HomeView smart home hub with screen as showcase for Siri AI
• Positive Sentiment: Partnerships with LG Electronics and Schneider Electric broaden the Apple Home Collection, including security, energy-management and access-control products that could increase engagement with iPhones, Apple Watches and other Apple devices. LG announces smart-home accessories developed with Apple
• Positive Sentiment: Analyst support remains favorable. Bernstein reiterated a Buy rating with a $370 target, while JPMorgan raised its target to $360. Reports also indicate Apple’s iPhone market share reached 22% in the latest quarter, and iPhone 18 Pro demand may be stronger than last year. Bernstein reiterates Buy rating on Apple
• Positive Sentiment: A federal judge ordered OpenAI to provide hiring records and other materials in Apple’s trade-secrets lawsuit, potentially helping Apple investigate the recruitment of former employees and its claims against OpenAI. Judge orders OpenAI to turn over hiring records
• Neutral Sentiment: Investors are awaiting iPhone Duo preorders on October 16. Strong purchase intent could support the stock, but pricing and delivery trends will be closely watched.
• Negative Sentiment: Some suppliers are reportedly cutting production of newer iPhone models, while shorter delivery windows for Pro models raise questions about demand. Apple’s shares also trade at a demanding valuation, leaving less room for disappointing December-quarter guidance.
• Negative Sentiment: Analysts warn that SpaceX’s potential Starlink smartphone and Google’s expanding health-data platform could intensify competition in wireless services, wearables and ecosystem engagement over time.

Apple Company Profile

Apple Inc is a technology company that designs, develops and markets consumer electronics, software and digital services. Its best-known products include the iPhone smartphone, Mac personal computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and software platforms, including iOS, macOS, iPadOS, watchOS and visionOS.

Apple's services business includes the App Store, Apple Music, Apple TV+, Apple Arcade, Apple News+, Apple Fitness+ and iCloud.

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