Apple Inc. $AAPL Stake Raised by JSF Financial LLC

Key Points

• JSF Financial increased its Apple stake 2% in the third quarter, adding 1,635 shares to reach 84,132 shares valued at about $28 million; Apple represents 4.3% of its portfolio.
• Apple’s latest quarter beat estimates, with EPS of $2.10 and revenue of $114.48 billion, up 11.7% year over year. The company also declared a $0.27 quarterly dividend.
• Apple shares face mixed considerations: restrained AI spending may support cash generation but raises competitiveness questions, while reports cite security and supply-chain risks. Shares were recently down 0.6%, and analysts’ average rating was “Moderate Buy.”

JSF Financial LLC increased its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 2.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 84,132 shares of the iPhone maker's stock after purchasing an additional 1,635 shares during the period. Apple accounts for 4.3% of JSF Financial LLC's investment portfolio, making the stock its 6th biggest position. JSF Financial LLC's holdings in Apple were worth $28,018,000 as of its most recent SEC filing.

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

Insider Activity

In other news, SVP Jennifer Newstead sold 2,399 shares of the firm's stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $332.01, for a total transaction of $796,491.99. Following the completion of the sale, the senior vice president directly owned 39,593 shares in the company, valued at $13,145,271.93. This trade represents a 5.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Timothy D. Cook sold 191,753 shares of Apple 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 in the company, valued at approximately $1,086,837,377.28. The trade was a 5.55% 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. Over the last 90 days, insiders have sold 290,212 shares of company stock worth $96,639,685. 0.06% of the stock is owned by corporate insiders.

Apple News Summary

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%

AAPL opened at $348.56 on Wednesday. The firm has a market capitalization of $5.07 trillion, a P/E ratio of 38.86, a P/E/G ratio of 3.38 and a beta of 1.07. The firm's 50 day moving average is $337.27 and its 200-day moving average is $299.52. Apple Inc. has a 52-week low of $243.42 and a 52-week 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.

Apple (NASDAQ:AAPL - Get Free Report) last posted its 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 net margin of 27.60% and a return on equity of 125.35%. The business's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.85 earnings per share. Analysts expect that Apple Inc. will post 9.44 EPS for the current fiscal year.

Apple Dividend Announcement

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

Wall Street Analyst Weigh In

AAPL has been the subject of a number of research analyst reports. Evercore reaffirmed an "outperform" rating on shares of Apple in a research note on Tuesday, October 27th. CICC Research raised their target price on shares of Apple from $310.00 to $340.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 4th. Raymond James Financial restated a "market perform" rating on shares of Apple in a report on Tuesday, November 3rd. Piper Sandler initiated coverage on shares of Apple in a research report on Monday, August 17th. They set an "overweight" rating for the company. Finally, DA Davidson upped their price target on shares of Apple from $270.00 to $295.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 3rd. Two investment 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 given a Sell rating to the company. According to data from MarketBeat, Apple presently has an average rating of "Moderate Buy" and an average target price of $343.74.

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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